GREY:PGDIF - Post by User
Post by
oiltaron Nov 19, 2016 2:27pm
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Post# 25485213
My bet is
My bet isIts DDC who sees PGD as a platform for growth.PGD is on recoed now to be open to a JV and DDC is on record wanting a new project.Can any one here besides me connect the dots?
DDC is coming to Chidliak or my 25 yrs of M&A observations was a waste of time.Well other than the dozen take overs I speculated on that did in fact happen that I took positions in them before my speculation turned into fact..
If DDC enters Chidliak the share price of PGD will double from todays price.DDC hired a CFO M&A guy in Sept.Therefore DDC had lots of time to do DD on PGD.I expect we will no very soon about a deal.The take away from Tom is PGD has attracted serious interest and is open to a deal.The last time I spoke to Tom he said "the ink is not even dry on the PEA but we think it will open doors for us".The Nov 7 quote is clear it has now opened the door and some one walked through that open door.My first bet is DDC,but I do not rule out Debeers as Debeers has a habit of walking away only to return.But I favor its DDC due to the fact that they will have to close down Diavik in 3 yrs unless they truck the DO-27 10 to I washed ore to the plant.
Toms statement has a new tone we are in talks.He has alerated PGD shareholders to expect some kind of news soon.