GREY:GDPEF - Post by User
Comment by
phaaseron Sep 10, 2018 6:58am
75 Views
Post# 28588398
RE:RE:RE:RE:RE:A quick update - a few topics
RE:RE:RE:RE:RE:A quick update - a few topics
I am waiting to see how they pull themselves out of the hole as well before then getting out. Have been treated too poorly by management here to consider adding more again though. They would have to do a very fair raise with a clear achievable plan to consider otherwise. Also a new CEO preferably from outside.
I think the ground is still promising as well and it is a shame RCG was allowed to get stuck in this position after getting Dufferin so close to production.
The only thing existing shareholders have on their side with this raise is that Sprott and other major shareholders are the insiders and already own most of the company. Sprott owns 25% personally. Maybe 1 reason to keep the terms and dilution fair for existing shareholders at least.
Is the plan after this raise to put dufferin into full production and drill Tangier? Nothing in any of their announcements is very clear