Peregrine Diamonds Ltd. PGDIF

Redemption is a bust

[ekim]

Not so good for $NAR or $ADD shareholders -- [url=https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aNAR-2371434&symbol=NAR®ion=C]No kimberlite[/url]

There is not much high potential kimberlite fields in Canada anymore.

Pikoo still hasn't hit a homerun yet and has multiple players.

Chidliak is has a huge amount of exploration left in a diamond field that is known to contain dozens of kimberlites that have diamonds in them.

PGD could easily option out parts of Chidliak and get other companies to do some exploration work there...but there is no way Robert/Eric will let that happen. The whole district is packed up into one tidy ownership structure and I can't see that changing without very positive deal for an outsider to come in.

Redemption bust just highlights how good Chidliak is.

LONG...PGD

EKIM