GREY:PGDIF - Post by User
Post by
charnion May 24, 2018 2:13am
180 Views
Post# 28073504
Like Diamonds - PGD is a story of survival and growth
Like Diamonds - PGD is a story of survival and growth POSITIVE FACTORS IN THIS STORY
The Friedland brothers own approximately 45% of the shares. Serious vested interest in the project - skin in the game as they say - IMPORTANT. They participated in all Rights offerings to the maximum and more. They believe in the story with vision, work, and money. This is a legacy for Eric to complete.
Eric and his team generally know pretty well what they are doing in the mining sector - seasoned mining exploration individuals - they kept the company afloat in the worst resource bear market in history (which is still on-going). In fact, Eric has doggedly advanced the project with his management team step by step. Remember in better times Eric's Peregrine Metals was taken out at $3.28 USD.
A very robust growth in the asset base with this new PEA news
CH-6 and CH-7 open at depth still, which should add more goodies to the gravy train
Multiple pipes delineated - yet to be explored for additional resource growth - "field of dreams" which is why us speculators risk our money on.
Rights offerings help a company survive, especially in poor market conditions when outside financing becomes difficult. Had to be done. Proper management decision.
The main negative is the very poor resource market sentiment - in speculation, they say buy when there is "blood in the streets" - especially pertinent when management is sound and the robustness of the project keeps getting better and better but market sentiment blinds seeing the opportunity.