GREY:PGDIF - Post by User
Comment by
mill44on Jun 21, 2016 10:47am
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Post# 24983416
RE:The way forward ?
RE:The way forward ?They only need money if they decide to do further explorations. The PEA might be enough if they decide that they don't want to be miners.
Rights offering is more of a murder than suicide. Shareholders are toast after the next one, at least for a good while.
PP would be nice and would give a boost to the SP. The question is, and has been since Robert showed up, why pay more for something that you can have a lot cheaper.
What we don't know is how much interest is out there for a JV or buyout. If there is interest then a new rights offering would open up possibilities for an outside party. Enough shares and they could be looking for a seat at the table. I would feel better knowing that there is someone at the BOD who might have different interests than the Friedlands, so if someone steps up, they have my support.
The other thing that we don't know is what Robert wants. More funds from him and his options are limited. Soon all he can do is build the mine himself. Is he willing to do that?