Peregrine Diamonds Ltd. PGDIF

RE:RE:RE:March 2018 Trenching at CH44

[mill44]

Without knowing that there is financial backing, this whole thing looks like a Christmas wishlist and it is a bit scary. They just raised 10M and knowing that they might want to raise 15-20M more in the near term is not a thought that makes you sleep better. Even if the Friedlands come up with half of that, for every 1000 shares you hold you are looking at about 35$ cost, at least, to avoid dilution. For now, because there is still a FS coming and there is a mine to be built. To add to this, one cannot have too big of expectations for the SP to rise until there is a solution for PGD's financial situation. Another rights offering would cement the idea that the Friedlands have decided that this will be the way of going forward with the project.
I am ready to give up 50% of Chidliak if that means that I can avoid a bottomless moneypit without a timeline. I am sure that "less is more" would apply to our situation quite nicely.