Post by
jr_resource on Jun 20, 2016 9:05pm
More drilling is OLD news
Today's news = old news
On May 5th the company announced a new expanded inferred resource of over 15 million carats as well as a larger target for further exploration...Think logically about how they would further explore this larger target?
HINT: Drilling
Retail investors got spooked about a possible financing (some possibly due to the bashers on this board) and the stock sold off to $0.165 that day. Now 7 weeks later the stock is at $0.22 or 33% higher.
Over the past month an a half people have obviously been taking positions. John Kaiser has spoken favourably about the May 5th news and loves the deposit. IMO he is one of the best analysts around and has been following the company for many years. Hopefully we get a nice surprise from the PEA.
Comment by
Kodiboy on Jun 20, 2016 9:08pm
Agree...no brainer...more fear mongering, simple as that, not rocket science.
Comment by
ekim on Jun 21, 2016 9:56am
You are right. Drilling is expected to progress chidliak. Even though a lot of that stuff in that tech report is not new to us or unexpected...we still have the pea and npv and irr that is going to be new to the market. That is what is different ahead of the drilling programmes. A tool or information that pgd has lacked in the past.long...pgd...ekim