Peregrine Diamonds Ltd. PGDIF

RE:RE:RE:RE:RE:RE:Stock reversal??

[Kidlapik]

What good is promotion in this market Mill? They continuously release good results that dont translate into share price increase. Why spend money on advertising and glad-handing that could be spent on advancing the project?

This financing has delivered $15-mil and could deliver another $15-mil which EXISTING share-holders could benifit from first and foremost. If you didnt have enough money to simply exercise you could have sold then exercised. Same thing going ahead as you now have a warrant, you can sell and use your warrant.

They could have limped up to the table with a $6-mil placement and keep people speculating that oooh they trying to get the big boys interested, instead they gave us a big indicator that they dont need the big boys. And if they ever do decide to consider selling out to a big boy they will have to pony up a fair value.

The fear on the table is oh this allows the large share owners to increase, umm you had the same exact opportunity to increase. How is that not fair? Its not my problem, Erics, Roberts or Neds that you cant afford to increase. Or that you cant afford to maintain your % position in the company. You can still sell your existing, pick up the same # of shares at the same market value of the day of closing and ride along if you like.

That decisions WAS in the best interests of the share-holders and the company. This moves the company forward to the largest work season we have seen in 3 years! Those that exercised their rights now have warrants exercisable at $60-mil market value (assuming ALL warrants are exercised) which was the 0.40 line we have been hovering at forever. If you do not believe that the Chidliak project is worth more than $60-mil then you should sell your warrants and shares as soon as we cross that line.

Short term we will see minority share holders do just that, there will be shares available between 0.21-0.25 as people choose to sell their 0.21 exercised rights to purchase 0.21 warrants. Where the real money can be made is AFTER next years bulk sample results and the PEA which will be after the warrants expire. If you have the stomach for it of course. Is this all speculation? Yes, but this has always been a speculation play. Back when it was $3.00 a share it was speculation. What isn't speculation is we have a minimum of $3billion worth of diamonds next to the largest and most developed(both infastructure and ideological) city in Nunavut.

With the largest negative point about this project being brought up on these boards is, look at the share price. Ok lets look at it. Historically, lowest it has ever been. If looking at the share price and chart movements is as much as you know about the company you are investing in then this is not the company for you. Dont take anybodys word here, compare PGD to all existing Canadian diamond exploration/production companies. DDC, MPV, SWY and KDI primarily and decide if the rewards outweigh the risks or vice versa.