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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 cudjoon Mar 06, 2017 6:44pm
173 Views
Post# 25940595

RE:Does Anyone Question that This Will NEVER be a Mine? WHy

RE:Does Anyone Question that This Will NEVER be a Mine? WHy the question should be when, not if, the setback announced today, and I call it a setback as another year has been wasted, only means deep pockets are not interested at this point. What today means is the float will be even more bloated, sorry kid, geography isnt the only reason this is where it is. There is some very nice diamonds in 6, at this point it is tiny, drilling will help prove it out but the lack of pockets means it is the only thing they can do.  See mils point, beats explaining that what they need to do, what the PEA recommends they do, wont happen until the winter of 2018, where would the sp be if that happened?  We will see what the financing will be, flow through means  disaster for sp after I think 18 months, discounted rights has been the path so far, but the NR stated expecting no trouble, rights offer spells trouble as they didnt get 100% last time.  I expect the sp to fall between now and June, nothing to prop it up till next Dec.  Good Luck
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