Peregrine Diamonds Ltd. PGDIF

DDC - PGD

[ekim]

I have had DDC down the list of possible transactions with PGD in term.
More because I think Rio Tinto and De Beers have more ammo.

After I heard DDC's CEO was leaving (forced or unforced)....maybe that means DDC drops even further.

However, upon closer look:

"On behalf of the Board, I would like to thank Brendan for his contributions to Dominion, in particular for the role he played in guiding the Company as Chief Executive Officer over the last several years. We wish him all the best in the future,” stated Mr. Jim Gowans, Chairman of the Board of Directors. “The Board will be working closely with Brendan and the senior management team during the transition period, while the Company continues to focus on increasing shareholder value through improved operations, optimizing capital allocation and growth, and other strategic opportunities.”"

There is still that reference by Jim Gowans (last part of his paragraph) that talks about strategic opportunities. Have to say that I believe that directly implies M&A.

So, maybe I don't move them down a notch..maybe move them up a small notch.

LONG...PGD

EKIM