OTCPK:PGMFF - Post by User
Post by
kirk15on May 21, 2020 7:48am
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Post# 31055028
Flow through financings
Flow through financingsnot so long ago the usual premium attached to soft $$ financings as compared to hard $$ was virtually 0, PGM got a 25% (ish) premium over the s/p. Sprott still gets some wiggle room from the tax credit, and PGM benefits by doing a less dilutive financing. These are NOT development $$, flow through money is for EXPLORATION, and the $$ cannot be spent on previous workings. This is the way it should be done.