GREY:PGDIF - Post by User
Post by
oiltaron Nov 15, 2016 5:32am
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Post# 25460950
Mike
MikeGreat detective work on the pending bulk sample.That can only mean PGD has a funding in place already if the letter to the regulator is solid confirmation of the 2017 winter program.
I have been pushing DDC to enter Chidliak on a regular basis.I sent a letter telling DDC the market only sees DDC as an end of life Diavik mine and a uneconomic JAY should a recession lower diamond prices during the 15yr life of Ekati due to its low quality ore.With DDCs updated web site were they state they are natural buyers of new projects we need not far to look to see Chidliak as its prime target and bite size for DDC.
To those who sold in the flash crash yesterday on comments by JK its not too late to capture upside in PGD to off set your loss.To stay out is a loss to buy back in is a gain of many multiples in the future.I have made the same mistakes in the past and will likely do so in the future.But buying PGD here below 25 cents is a gift if they do indeed have funding or a JV.
13 cents might have lit the fuse for higher prices.What ever JK said yesterday he may have pick and caused the very bottom at 13 cents.And yes I bought 357,000 shares during the crash throught RBC and intend to add more to my position below 25 cents.
It is simply a fool to bet against a Freidland.But it would be nice to hear from the company about future plans rather than the good work of Mike.