GREY:PGDIF - Post by User
Post by
robybobon Dec 05, 2017 10:29am
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Post# 27092745
Corporate presentation
Corporate presentationhas been updated to include micro results and timelines for resource update and PEA.
Timelines are all moved back/adjusted from the one that was on the website in early November.
The NR on the micro stated end of Feb for update resource statement, the presentation shows mid Dec to mid Feb work
PEA would come afterward, question ekim, I suppose they could work on both at the same time?
Nothing in it about the trench permits
Does show FS (greyed out), so that would be up in the air as only possible, not definate.
It appears we will be in a no news zone for at least another 3 months with the work that has been completed.
If trenching is signaling a winter program, financing will have to be arranged within the next 30-45 days, to give time for it to close and management to execute by March.
Without a partner to advance this to the FS and beyond, I expect another cash call and I am not sure I would participate again.
The money I have put up in the past would have been much better off in just about every other market on the planet. Management will have to pull off some pretty good moves to convince me otherwise.
Doesn't mean I don't believe in the project, it just means they have gone to the well too many times for me, and I learned that story at a very early age.
With the paper they have created to date, and will need to create without a major, I can't see this even close to a dollar after production starts.
Link to presentation: https://www.pdiam.com/assets/docs/pdf/2017-11-27-PGD-Investor-Update.pdf