Peregrine Diamonds Ltd. PGDIF

Metals & Mining Industrial Metals & Minerals

"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."

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Peregrine Diamonds Ltd. > Do not rule out a bid by RIO

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Post by oiltaron Feb 23, 2017 1:09pm

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Post# 25883905

Do not rule out a bid by RIO

For DDC:

From: james flannigan	2/23/2017 1:07:10 PM
	of 14594

Now that Bell is out I have to wonder the "in bound interest" that DDC had last year by a major diamond producer was or still is RIO.IF RIO does not get more inventory its Diavik mine is shutting down in 2023 and that results in RIO out of the Canadian diamond production business.With RIO on record of wanting to expand it diamond business a large project is likely its target.I had heard rumors last year that RIO was in fact kicking the tires at DDC.Patrick Evans with the hostile investors wanted to get a change with a view to consolidation in the Canadian diamond business that Patrick said was going to happen. So we must at least question if the weak share price of DDC could bring a bid take direct to shareholders by that "in bound interest".The stock buy back has failed to produce capital gains for DDC shareholders who would likely tender to a $17 bid.