Peregrine Diamonds Ltd. PGDIF

RE:RE:RE:Here are the facts

[Kidlapik]

Robert Friedland has picked up the majority of his shares around 0.40c mark. He will exercise all his Rights, warrants and buy up any extras.

His average after all that is said and done will be around 0.30c mark. Maybe I am wrong here but wouldnt he have to sell those shares to be able to claim the loss?

If the company gets down below 0.10c who is going to purchase the shares in that volume in order for Eric, Robert and Ned to claim the loss?

If they privatize they will have to purchase more shares, not sell their own. Im having a hard time understanding this Tax Loss angle. You are saying that Eric, Robert, Ned, and the entire board (who are fully participating) are better off running the share price down in order to sell their shares at a loss in order to off-set their gains somewhere else than they are to develop this asset that even at the center portion of the top 250m of CH-6 is 7mil carats at $213 average for $1.4billion in-situ, $1.5billion in-situ at DO-27, the 10million tons inferred, the BHP database and the other host of other exploration targets?

Ok you go with that angle I will go with the less James Bondy one.