Re: PGX Rumours
in response to
by
posted on
Sep 11, 2013 04:25PM
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Kenmoor, if the PGX rumours are true, or even close to true, this will bring significant attention to this area. Like all good area plays, the speculators will pick up the cheapest juniors just in case they hit. So, DBV is moving in the right direction, hopefully financing soon, and then drilling.
What I find very interesting, is that Bernier of PGX owns about 12.88% of 24 Millions share outstanding (not including warrants or options, not sure how many are out) and Shirvani owns about 13% of 28 M shares outstanding (47 M when all warrants and options are included). The point I am making is that these are both well structured plays and under excellent control by the CEO and other insiders. Thus, if DBV can hit with this drill program, we may easily see the share price move higher than $0.30 and possibly higher, such as $0.50 or $0.60.
Think area play and short squeee, these are characteristics that make this potentially explosive.