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Peregrine Diamonds Ltd. PGDIF

"Peregrine Diamonds Ltd is a diamond exploration and development company with interests in diamond exploration properties located at Nunavut and the Northwest Territories in Canada and The Republic of Botswana."


GREY:PGDIF - Post by User

Comment by mill44on Jan 28, 2017 5:13pm
169 Views
Post# 25768361

RE:RE:RE:RE:RE:RE:RE:RE:RE:light is shining

RE:RE:RE:RE:RE:RE:RE:RE:RE:light is shining And if you think I am bugging you because I am bearish on the project, here is the other "why". Why would the Friedlands give up half of the project for 60 or 80c, even for 1$ when 2 years after the mine opening they could have a 50-60M cash flow from it for years? Your explanation for the slow negotiations is the complexity of the problem, but it could be as simple as greed.
That's why some think that majority and minority shareholders' interests are not aligned. Instead of a 60c JV we might get a 25c PP, just to have the question of financing come up again 6 months from now.
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