OTCPK:PGMFF - Post by User
Post by
BamBam76on Oct 11, 2022 10:39pm
347 Views
Post# 35018723
Looks like PGM is going to need more cash soon
Looks like PGM is going to need more cash soonSince the company reported they only had $6 milion as of the middle of September, shortly before they were down for 9 days and had unexpected repairs (that cost ? million) ... it's pretty safe to say that they must be thinking about the next cash infusion. Fortunately the share price hasn't dropped much based on last week's low-end results. But those results also weren't what they needed to get back to $0.18 CDN for the outstanding warrants to get exercised in November. And not sure PGM has enough cash to even wait that long. Will there be another financing at current prices or lower in the coming weeks? October better be another August style production month.