Peregrine Diamonds Ltd. PGDIF

Metals & Mining Industrial Metals & Minerals

"Peregrine Diamonds Ltd is a diamond exploration and development company with interests in diamond exploration properties located at Nunavut and the Northwest Territories in Canada and The Republic of Botswana."

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Peregrine Diamonds Ltd. > Elephant in the room

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Comment by mill44on Jan 28, 2015 11:21am

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Post# 23372287

RE:RE:RE:RE:RE:RE:RE:RE:RE:Elephant in the room

Let's see how much turns out to be true.

mill44 wrote: Cudjo, the logic dictates a course of action that a good strategist would have counted on and that does not necessarily mean taking it private. We are getting close to expiration and there are quite a few shareholders who planned on exercising their warrants. Now they will have a chance to buy even lower, so they will. The price will approach the strike, keeping the warrants priced over 1-2c. People who bought shares will dump the warrants, giving someone the chance to load up nicely. No messy deal of taking it private, no chance of legal action by anyone, because all they did was using human nature and that is hardly illegal, just unethical.

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