Peregrine Diamonds Ltd. PGDIF

RE:RE:RE:RE:RE:My bet is

[mill44]

We had big discussions about where the SP should be before the rights offerings and after. As I said then, there are millions of reasons to sell a stock but only one to buy. Fundamentals don't matter much half the time, unfortunately, when you sell. Kaiser's case is a nice example.
I read Oiltar and Normalguy's post about the value of the property and if you are a long it does not take much to see what they are seeing. My problem is that every time I read something like that I start to wonder what would happen if PGD were offered to  Debeers at 30-40c? Would they find it irresistible? Probably yes. I know that with Robert on board that will not happen, but it scares me that it is possible for Robert to have it at that price. What if he finds it irresistible, too?
People see Robert as Eric's partner, but would the view change if he were not his brother? Substitute Robert with DeBeers and you have to admit that it would be hard not to think that you just put a piranha in Nemo's tank. That's the only reason I can see for the SP being where it is when Normalguy's post is completely realistic.
I think that the next news release will be the most important for longs. Going alone will prove that the market was right being scared. Getting a third party involved could clear the path for Normalguy's scenario.