GREY:PGDIF - Post by User
Post by
justanormalguyon May 30, 2016 8:20am
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Post# 24915080
Using Sikwane to Finance Chidliak???
Using Sikwane to Finance Chidliak???There are a million ways, obviously totally contingent on economic and market conditions at the time, to finance a project. Cash from Asset Sale and Secured Debt is much preferred over an unneccessary major stock dilution.
I'm just wandering with the allocation of funds quite quickly for core drilling at Sikwane, if PGD, presumably with some hopeful good diamond recovery and luck, will use Sikwane to help finance the PFS and FS at Chidliak. By perhaps spinning out Sikwane for cash for Chidliak and perhaps the reason Sikwane comes under the umbrella of the Chidliak entity, and not under the PGE entity/group. Just a thought, but I've having challenges with the timing of such. Just some thoughts.