GREY:PGDIF - Post by User
Comment by
ekimon Feb 03, 2017 4:36pm
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Post# 25797630
RE:RE:RE:RE:RE:alberto, northmark, ntagain, et al
RE:RE:RE:RE:RE:alberto, northmark, ntagain, et alPP should at market or a slight premium.
2 years ago a PP would send any junior stock down below the PP price and put the PP in jeopardy.
Over the last 12 months..there have been PP's done that created instant energy in the stock and the market traded it above the PP price.
The latter is the market rewarding the company for cashing up the account and the former is the market perceiving the PP as dilution and punishing it.
My preference would be a JV with a subsequent PP to pad the treasury.
If you are looking at short term....you really want a complete buy out a premium to shareprice.
Take your profit and run.
We could also end up with an option agreement to fund the winter programme..but deferring the decision to JV at a later date.
LONG...PGD
EKIM