GREY:PGDIF - Post by User
Post by
madmannon Jul 26, 2016 3:46am
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Post# 25083934
Will P. re Pgd and Snap Lake
Will P. re Pgd and Snap Lake Matt Manson's Stornoway Diamond Corp. (SWY), down one cent to $1.14 on 889,000 shares, and Eric Friedland's Peregrine Diamonds Ltd. (PGD), down 1.5 cents to 21.5 cents on 378,000 shares, are rumoured to be potential buyers for De Beers Canada's Snap Lake diamond mine in the Northwest Territories. A "legal source familiar with the matter" dropped those names to Reuters late last week after De Beers Canada said it would entertain offers for the troubled mine, although "the level of interest is unclear," says the unnamed lawyer. Indeed, it is not at all clear why Stornoway, Peregrine -- or any other diamond company -- would be interested in relieving De Beers of its big problem.