Peregrine Diamonds Ltd. PGDIF

RE:I'm confused

[ekim]

This is not a tender direct to De beers. I have been through those type of deals.

If you read the question you were asked.....as shareholders, we gave PGD the proceed with the arrangement as wrriten...if "deemed advisable" and we are letting that deemability (if that is a word) to lie in their courts now from the moment that was passed to minute the courts make it official and the arrangement is officially closed.

De Beers Canada has also not released any news stating that they are the offiical owners of PGD now. They will wait until the court accepts the final advise from PGD mgmt on the arrangement.

At this point, there is probably a 1/100,000 chance a white knight could come to be with a superior bid...probably about the same chance that a joint project between BHP and PGD would ever find a pipe like CH-6.

The stock won't halt until after the court gives final approval for the arrangement.

LONG..whiteknight

EKIM

ps. I personal don't believe in absolutes. To say the deal is 100% done is incomplete. To say the deal is probably done is correct. To say that their is a possibility that the deal is not done is also correct. Just wait for your money to show up in your account. Final confirmation that it is done.