GREY:PGDIF - Post by User
Post by
madmannon Aug 21, 2018 7:32pm
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Post# 28496289
The end, per Will P.?
The end, per Will P.?It appears to be over.
Eric Friedland and Tom Peregoodoff's Peregrine Diamonds Ltd. (PGD) closed unchanged at 23.5 cents on 188,000 shares. It has been chained at that price since De Beers Canada made a friendly offer to buy the company's stock at 24 cents in mid-July. The bid annoyed many of the company's retail shareholders, but it was not unexpected: Peregrine had been seeking a way to break its cycle of 10-cent rights offerings to pay for big -- but not big enough -- exploration programs its Chidliak project on Baffin Island. Despite its grumpy shareholders, new details suggest that Peregrine got the best deal it could arrange.