GREY:PGDIF - Post by User
Comment by
cudjoon Jul 31, 2017 12:45pm
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Post# 26529225
RE:Rights
RE:Rightsdon't see this going anywhere until rights are closed, then there will be the added burden of millions of dime shares to hold back any rally on good drilling news. Rights are trading so that is a positive compared to the last offering when no one was picking them up, will look for percentage owned by RR after, and if the financing is fully or over suscribed, they do have the added cost of another drill. My 9-11 cents probably is not going to happen, 13-15 would be a good entry IMO. Unfortunately, the weight of paper, millions and millions of dime shares, will keep this from ever reaching the lofty hieghts mentioned by pumpers here this weekend. Good luck.