Peregrine Diamonds Ltd. PGDIF

RE:Lucara

[ekim]

Just watching the video now.

It sounds like they would prefer to use paper currency for any transaction in the industry.

For treasury...the cash they have makes very little with interest rates so low...so they would rather give that money back to the investor so they can decide where to invest it.

Interest in diversifying in the industry.

As I have mentioned before..they are a one company, one pipe, dream.

William basically said they prefer to be more diversify...I guess all the talk about organic growth has its limits.

Repeated mention of high margin assets.

We have Dominion saying they want to do M & A within the industry.
We have Lucara saying they want to do M & A within the industry.
We have MPV saying they might look at M & A in other industries.

I wouldn't be surprised of Stornoway gets on the M &A list.

When you become a billion market cap company...sometimes the only way to move up to a higher echelon is to get bigger.

Dominion, Lucara, MPV, SWY, De Beers area all potential partners or related transations to a project like Childiak. With 2 of them basically saying they are active in the area...it is a tiny industry.

I don't believe there is any project out there like Chidliak that is 100% owned and no royalty attached.

LONG...PGD

EKIM