Peregrine Diamonds Ltd. PGDIF

RE:RE:RE:RE:RE:RE:RE:RE:RE:broke 21 pennies

[mill44]

Northmark, what you see is a nice "have your cake and eat it, too" situation. They are, or were talking to someone recently. If the discussions go well, they don't need money. If not, they will have to decide to wait and try it again or just go and build the mine themselves. In no scenario is a higher SP an advantage for them. I think most here will agree that the market is not willing to further finance Chidliak, so that will be on them. Then why have a higher SP?
If they decide to build the mine on their own, they might just go ahead and build it based on data they alreaady have. Why waste more time and money if the people with the money are convinced of the benefits?

We shareholders should be happy with the lack of further exploration plans, unless those plans come with money already in the bank. It means that they are still talking to someone or they will wait till they find an interested party. Based on proven data, Chidliak is worth 40-60c. If they can get some value out of the rest, you are looking at 80c-1$, at least. More exploration on our dime means not more money, just more wait.
Tell the market what JK has said, no more financing, and you will see the SP head up instantly. But higher SP means they will have less of the pie in case they decide to go alone.