OTCPK:PGMFF - Post by User
Comment by
RdlBamaon Jan 25, 2022 3:16pm
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Post# 34359313
RE:One reason why this is not moving with POG
RE:One reason why this is not moving with POGgoldanalyst, No financing is needed for the following reasons: 1) ceo and senior mgt has been drastically downsized, 2) mining personnel has been rationalized by Belanger, 3) Belanger is not ramping in order to drill 8 Zone, 4) Belanger is spending on additional drills in order to better understand the geology. This does create cash burn in the short term 90 days or so but in the long run, defination drilling increases production. I think that for January, PGM will produce 4,000 oz or better. Finally, the lines of credit from Sprott or Anglo are available to fund production shortfalls. The Board does not get how much of an idiot Labrenz was. Place your bets!