Peregrine Diamonds Ltd. PGDIF

RE:RE:RE:Not one comment...

[angryolman]

Mike, once again proving that you are the sharpest knife (probably the only knife) in the drawer. To understand IVN, you would have to go to their website to find out what percentage of what they own in Africa. Grosso Modo, they are now trading at their NPV. The latest deal probably means that they are fully funded on all 3 major (and they are major) projects (accounting for cashflow). Aside: If you think Zijin are a pack of snooks owning 10% of IVN, take a look at their holding in Kamoa (and legend has it that Bob gave them a gold mine... gratis). So, Bob has the funding for 3 major projects, BUT he is diluted to the tune of 20% by CITC. How to get back up to 19.9% of IVN? This is a theory and only a theory (let the uninitiated beware!!!!) Bob offers up an all paper merger/takeover of PGD. What does this mean? We get taken over and have the funding of a much larger entity that is capable of putting up the bucks to drill the stuffing out of Chidliak and build a mine. OR... because PGD is in play, we force the DBs or the TINTOs of this world to put up or shut up. What's not to like? But... I'm just an angry old man.