Peregrine Diamonds Ltd. PGDIF

RE:Willie, Willie, Willie

[mill44]

I agree with what people say about good news and bad news, but in this case it might not be so clear cut. A 10c financing before major news could be viewed as a delivery of bad news without the details. Coming up immediately with news that is not supporting that would be really bad for them. How many would ask the company why they could not wait a few days longer and finance in way better conditions?
Again, if the Friedlands don't participate, PGD is done. Even if they don't see the full picture yet, they have a connect-a-dot picture that at least gives them the worst case scenario. In my opinion, even that scenario is good enough for them to participate.
The problem is the ownership structure. The interests don't align, we want higher prices but the Friedlands might see that as an issue. For the project to go ahead, there is more and more money needed. The Friedlands know that they will have to come up with a big chunk of that money. There is no guarantee of a home run, they have to count on a smaller return. To compensate for that, they need a bigger piece of the pie. That only happens at lower prices, unfortunately. You cannot even blame them for this.