Peregrine Diamonds Ltd. PGDIF

15 cents by Friday....

[greywoof]

I hope we do not get there but SP is on a dowward spiral
I think that Eric & other  Execs need to get out in front of this thing . lot of loyal investors that are being hit hard these days!  This is a diamond company - not OIL or GOLD !

[Kidlapik]

I think Eric & others are doing what they can do. They are using the new found funds to best deliver next years bulk sample program, I feel it is a waste of money to put out fluff piece news releases that have historically done very little to buoy share price. The real change in trend will come after the bulk sample, unfortunately it may come at the cost of the warrants usability.

[Fivecarat]

Stock is going nowhere fast, but I doubt .15 this year...

[mill44]

It looks like the new buyers don't share your vision, Kidlapik. Maybe they are not happy with the stream of news that came after the presentation.

[Kidlapik]

I would really like to know what news they believe is forthcoming that they think will translate into positive results for the share price in the short term. Historically news results of the kind we can expect in the next few months; 2014 field program results, financials, possibly an update on what they plan next year, do not translate into share price increases. I doubt that will change after

[mill44]

The problem could be that they promised a steady flow of news but came out with nothing. The market is not too patient.

[Kidlapik]

Pretend your management for a second. You have the funds for your 2015 program maybe a bit beyond but not much. So if your focused on the financial aspect where should your focus be? It should be in translating those Warrants that are out there into purchased new shares so as to not have to go out for further funding for 2016. What is the better way to do that? To release information at the tail

[mill44]

Pretend you are a buyer. You do your due diligence and find that even the most hard core fans don't expect anything until at least April. What are you supposed to do? Promising something and not delivering tends to hit stocks harder than doing nothing. The pent up suspense leads to frustration then disapointment, and that leads to lower prices.

[Kidlapik]

I agree with you that the current circumstances favor moving to lower prices. I just dont know what promise your referring to?

[mill44]

The company came out at the latest presentation and said that the market should expect a steady stream of news in the next while. The market is still waiting. Or maybe not.

[greex27]

In order to keep pace with dilution one needs to add to their portfolio at some point. Will the SP go lower, likely however the assumption is that the long term view of the SP will be much higher than it is today. For those that have warrants, there's no need to exercise them if you can save a few pennies and buy them in the market, if by the grace of gauwd the SP is higher than the warrants

[Kidlapik]

Yeah what you are saying is exactly what I did. I used this time to add shares to cover the amount I have in warrants. If the share price goes above 0.21 in the 6 months I will sell and use warrants, if it does not they expire worthless but I maintain the same % of ownership. I am fine with that.

[mill44]

I don't think that you have to be a rocket scientist to figure out the direction of the stock in this case.

[mill44]

I can imagine the army of itchy fingers by the keyboard, just waiting to hit the sell button. That will be a big help for the SP.

[Gauwd]

management promised we would have some caustic news from the few drills they had going this past summer, as well as an update on the size of CH6 late in the year. They also promised to have a steady stream of new in their latest presentation. The basically we will have SFA until this time next year news wise. We have money to complete bulk sample this summer. That is it. If the news I expect

[maintenance1]

Not too long ago Cudjo said that we would see PGD selling for under a dime. At the time I thought it was senseless bashing. I have since come to respect what Cudjo has to say. And now I think it is just a matter of time and PGD will be under a dime.  I'm not a happy camper and it is becoming more and more difficult to maintain any optimism. 

[ekim]

Welcome to the resource sector. Looks Oil is the very last commodity to fall and none of them have taken the lead to be the first one to establish a bull move. None of them. LONG...PGD EKIM

[Gauwd]

If we continue to 'hear' nothing, you and cudjo may be right. What is ugly on the trading side is Anon and Dundee dumping hundreds of thousands of shares, again. IMO, beyond retail tax loss selling, and beyond tax loss selling if anyone has been following this stock and expect to hear from management in the next week or so IMO. Now we get a Spike in volume from these sellers ...... Curious

[ekim]

We should know how much $$'s they have in the bank account next week. Take off the $2.5 million BHP payment and that is what is left for the bulk sample program. EKIM

[cudjo]

I have pulled my 16 cent bid. This slide has nothing to do with the resource sector as some here would like you to believe. It has everything to do with the lack of news and promotion from the company. In my humble opinion, designed so they can take it private at the cheapest possible price. Somewhere near a dime management will announce that they are taking this private in the best interests of

[greex27]

There isn't a piece of news that's coming in the short term that will materially change the SP. I continue to support a lack of promotion and the day they start to needlessly promote, I'm gone, because then I know they have nothing. The SP isn't moving because the people on the sidelines don't need to jump in for another 12-14 months and those that are already in that want to

[ekim]

Your scenario might be pertinent to MTX as well. Fipke could probably come in at 1 or 2 cents over the current price and take that entity private. EKIM

[Kidlapik]

Sure lets talk about privitization. I believe it was discussed that first an individual or a group needs to control 65% of the shares. Before the Rights offering Eric owned 16%, Robert 18.6% and Dundee 9% according to the July release. I believe Dundee shed a good amount of that going into September. 76% of the Rights were subscribed to with an additional 4% oversubscribed, the rest went to the

[justanormalguy]

Good analysis.  Here are some of my comments, of course IMO. The Board is solid, very qualified and reputable on paper and most importantly mostly INDEPENDENT - that's one of the main reasons I've invested.  The Board has a fiduciary duty to act in the best interest of ALL shareholders, whether one owns 1 share or millions of shares, and whether you bought at the high or low

[cudjo]

good post Kidlapik, but, your assuming that one trade by Robert Eric or Ned for a few million bucks gives them the percentage to take this private won't happen. I assume it will, remember the big block in the past with Robert. Dundee as an insider isn't shedding shares, their clients are despite a public recommendation to own PGD. The big blocks they are dumping isnt a tax loss strategy to

[cudjo]

my last point on privatization. Remember how these guys used BHP's money, then how they used DeBeers money, brilliant everybody said, now IMO they are using your money to take it to the final exploratory stage, then poof, private. Why? because they are smart, they could, and they can.

[Kidlapik]

That big block to Robert was from Dundee. Those big blocks from Dundee Securities are not showing up on any insider reports. So I can only assume these are shares purchased previously not from this last placement. Your saying they can open market 33-million shares easily. I do not believe they can obtain that volume of shares on the open market with consistent buying up over several days. The

[cudjo]

you sure Roberts big block was from Dundee? I don't see any proof of that.

[cudjo]

you also assume that the remq8ning shares required have to be bought from retail. Look again. Other institutions own this poor performing equity.

[cudjo]

my point is this is simple to do, they have used other peoples money throughout the history of Baffin Island, they are smart, they have deep pockets, if it was me or you in the same position to buy an asset for pennies on the dollar, wouldn't you? I would. They would be foolish not to...... Simple is usually the way things go. This isn't illegal, immoral or wrong, its business, smart

[greex27]

The minority shareholders will have some say IF the big 3 decided to take this private. Gathering 65% of the vote/shares isn't inconceivable however they still need 90% of the minority vote, at what price can they buy your share/vote? To suggest it was smart of PGD to have BHP and Debeer's spend their money would imply this was a path taken by design, it surely was not. Where would we be

[Longinvestor123]

Well said! 

[cudjo]

greex27, using the other companies money then having them bail was not a design, its an outcome and a result, taking advantage of this instead of running is what smart money does. These guys are smart, never forget that. If that was their plan all along they are genius, but IMO, they are just smart.

[mill44]

BHP walking was a decision made by the company. It was a strategic move that had nothing to do with PGD. It set PGD back and Eric tried to make the best out of the situation but left him with few choices. You could see that in the way they were looking for a replacement partner. I think his brother wasn't ready just then, he might have needed a little more time around then, but I am guessing

[Kodiboy]

Cudjo, you seem to have gathered some support in your beliefs the SP thus company, is being set up for privatization, and that's how you're going to make your coin.  You may be right, you may be wrong, no-one knows for sure do they? What confuses me, and maybe I confuse easily, is your insistence at telling the board your taking your bids off the table at. 17 and now. 16,  will

[mill44]

Kodi, his game is actually the smart one. PGD offered a few reasons to get in the game but negated all of them until now. And getting in the game with a hunch or whatever, without a solid reason is just betting. As I mentioned a few times, the problem with retail investors is the way of looking at this. It should not be about missing out on gains, but avoiding losses. With over 8000 tickers, there

[Kodiboy]

Mill, im not saying his game is not smart, but only that I'm trying to pin him down and I know he will not like it, when is the price right to get in?  How long should you wait till its .10? Then say that, not that you thought it was .17 then .16, then when? If it reaches..10, then it'll be .09. And so forth...

[mill44]

You should not wait for the lower prices t get in, but the higher one. You cannot predict the bottom. And just to prove my point, look at what just happened.

[greex27]

Cudjo, no tone intended. Are you helping me make my point? They had no choice but to react to the circumstances they find themselves in and have they done a formidable job managing through two failed JV's, I think so. In regards to privatization... What you have to remember is that the big 3 gain control when the minority doesn't do their share. As much as they might be posturing to take

[mill44]

Cudjo, I don't try to convince anyone, not my problem what people believe. This is a discussion about possible outcomes. One thing you have to admit is that the arguments Kidlapik, Ekim and a few other bulls here are using are all valid and should be taken in consideration. If this were a fair game. But as I said before, my fear has been that it is not. We might be playing a game without even

[cudjo]

I agree mill. That is why this forum is good, it hasn't degraded into personal attacking. Some of the posters do make sense,its a game to me, helps with my dd on a good forum. This is the senerio I see, the big three will exercise their warrants regardless of the sp, didn't they already advise everyone to exercise all their rights? They will hold a higher percentage because no one else

[justanormalguy]

The way I read the prospectus, only the Unit holders can exercise their own warrants.  The big 3 can not pick up others' warrants should they expire, unless they buy more warrants in the public market.