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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 May 31, 2017 2:34pm
98 Views
Post# 26307211

RE:RE:RE:RE:Seriously

RE:RE:RE:RE:Seriously Whatever they are doing, one thing is for sure, they have a complete disregard when it comes to their shareholders.
If you try to find logic in their action, you can come to only 2 conclusions.
A deal is coming, and they said a while back that they reached the end of the negotiations, if you want to believe that. That deal should solve all of their financial problems.
Or they will let this run out of money just to be able to say that it is done as a public company.
And just to be on the safe side, they are going with the second option during negotiations.
One thing is for sure, they are done carying this on their own dime.
Companies have been in negotiations before, even Friedland's IVN, and they were able to at least say that they were. But in our case any announcement that would prop up or propel the SP is counter to their interests, unfortunately.
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