GREY:PGDIF - Post by User
Comment by
ekimon Jan 28, 2016 11:22am
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Post# 24501669
RE:RE:RE:RE:RE:NR - RASIED 5.64 Million >>>>>
RE:RE:RE:RE:RE:NR - RASIED 5.64 Million >>>>>I think you got it bang on Mill.
Dundee - We know one of their funds is plalnning a liquidity event..as in...investors have an option of cashing out by early 2017..so that fund has to start transitioning everything into cash. Exercising rights is counter to that.
DeBeers - Don't have a clue if they still own shares...let alone exercise any rights that they may or may not have.
Future plans - Beyond the obvious (PEA, beefing up tonnes at cH-6 and CH-7)....what else is in the plans.
Going to PEA and then to bank -- I think that is probably the plan. Also a question if a firm agreement can be reached and signed. That is the sticky part. Produce the PEA and then back it up with science and statistics.
I suspect some $$'s will be set aside for a bit of geotech drilling and starting to see some permitting work beyond the baseline studies they've been doing pretty much since day 1.
LONG...PGD
EKIM