Peregrine Diamonds Ltd. PGDIF

RE:RE:Reality

[maintenance1]

Yes. This project is going to proceed. Rights private placement, JV, or sale. It is going to happen. No one is about to leave the money in the ground. In the grand scheme of things, it doesn't really matter. What does matter is that the shareholders don't want to be forced to hold until dividends. They want some liquidity at a reasobable price. The last to rights offering has ensured that the share price will remain low to compensate for the very real risk that management will once again slash the share price. The risk of management slashing is far greater than the project risk. It is a short term risk as either way the project will proceed.