Peregrine Diamonds Ltd. PGDIF

Anglo

[oiltar]

Pulled the plug on Chidilac,The bean counter at the top told Debeers not to go in.But now that same bean counter is admitting that Debeers is a very important source for its profits and that with projected diamond prices its only going to get better.But Debeers must face the fact that its South African mines are rapidly running out of ore and its two mines in Canada Snap and Victor are doing the same.So I conclude with Kaiser that we have not seen the last of Debeers at Chidilac and it just might be that Anglo cuts Debeers lose to find new diamond projects so it can keep the profits of Anglo rolling in.

We shareholders of PGD MUST remember that diamond mines are 1000 times more rare than gold mines.We must also keep in mind that world wide diamond production peaked at 175 milli cts 5 years ago and now has fallen to 135 million cts.

Those stats tell me that if Debeers wants to mine diamonds in Canada to keep the Anglo master smiling then we HAVE NOT seen the last of Debeers.

I speculated about the take over of Winspear  when no one though that would happen.But I thought Debeers needed Winspear even with its JV on GK.And then they bid.I called Debeers and told them the bid was too low and if they rasied it it would get shareholder support.They then said they would walk away in a public statement but in fact they raised the bid

Today I see that Debeers needs Chililac more so than I did with Winspear.I also think Eric is setting up the Newco because even he might think that Debeers could mont a hostile bid and does not want them to get the DO-27 for nothing as there is no credit in the share price at 20 cents.It is there for my view that PGD will be in play during 2015 maybe even before the next bulk results.Debeers did not want to leave Chidilac I was told.Now they have financial clout with Anglo to reverse that order.I bought a nice truck load of MPV at 50 cents on the idea that Debeers would come back to GK and they did.The combination of high value high grade at Chidilac is over twice the mertics of GK and Debeers will be back.I also think DDC needs Chililac

James