This is the second CR in two months. The first occurred in early March when PGO raised $668K from shareholders to fund pushing Tom's Gully to approval stage. This also led up to three new appointees to the board, Gary Mills, Evan Cranston and Tony Patrizi. I am wondering if this CR is related to the contacts of one or more of these three? Maybe PGO are about to do a CRB and get a GNG placement? That would be very nice indeed! Or perhaps it is some of these Chinese investors that have been linked to PGO? Anyway I am only guessing here. They had $715K at the end of 2015 plus the $668K raised in March so an injection of funds is probably needed to get this moving.
Money to drill out and progress the approvals for Tom's Gully plus refurb of the mill? All spec on my part
PGO Price at posting:
5.0¢ Sentiment: Buy Disclosure: Not Held
