Peregrine Diamonds Ltd. PGDIF

news

[ekim]

Ch46 caustics still to come. Positive hit on ch6 dyke structure. Have workers on site now. Ekim

[cudjo]

even limper than I expected, I have pulled my 13 cent bids, see you under a dime.

[ekim]

I take that back. Ch70 might be the last of the visual pearls. I must map it out and see where it lies. Not much meat to the news release, but nothing unexpected. Confirms to me, no meat until after tax loss season. May get opportunity for stink bids if a capital loss is more value then holding.  Long pgd ekim

[Longinvestor123]

Agree.  New and updated tonnage estimates in January will provide more meat 

[ekim]

I take it back. CH-70 is mentioned as a dyke type structure near a circular structure as part of the pearls. Hopefully it is the start of unravelling the mystery behind how the pearls were formed and possibly connected. LONG...PGD EKIM

[ekim]

I believe the Dyke in question for CH-70 is the dark blue on the very top right of the image. Obtained from De Beer's gravity survey. That would be about 600 metres North of CH-6. LONG...PGD EKIM

[Gauwd]

"Core and RC drilling at CH-6, CH-7 and CH-44: Logging and sampling of the 3,305 metres of drill core from the phase one kimberlites are now complete. Approximately 1,418 kilograms of kimberlite were submitted to the Saskatchewan Research Council for microdiamond testing. A small-diameter RC drill completed an additional 71 metres in five holes to constrain overburden depth and establish

[Gauwd]

ekim or xDeBeers, can you help an old dog understand the dyke like structures?  In the NR they talk about intercepting 1.8 meters, 0.9 meters, and rehash 5.2 meters of kimberlite from 2010.  1.8 meters is about 4 or 5 feet, .09 is about 3 feet and 5.2 meters about 20, how is this significant???  Seems like seams, not pipes and not a lot of kimberlite. long and very very

[ekim]

I'd only be making a semi-educational guess. Leave it to XDebeers to give a technical answer. EKIM

[Gauwd]

I would take anything at this point, were getting nothing from the company, lol.  Anon and Dundee throwing more wood on the fire. MHR

[ekim]

True. This time, it is basically one buyer though. 2 x 200K blocks for Desjardins. See if they add more block bids or bow out for a bit. EKIM

[xDeBeers]

The dike to the NW of CH-6 is not that thick. The intersections are not that significant. The angled holes can be misleading also. If you think about the geometry of reporting the thickness of a vertical prism (dike) with an angled hole, the intercepted width is not the true width. That is the intercept sounds better than it is. A little bit surprised they focussed on holes to the north-west of

[ekim]

Just for a gut check on the dyke. I agree you with you, the true width at that point is probably less then 0.9 metres. For sake of argument, lets keep it at 0.9 metres and give it $600/tonne rock value. Dilute it x3 to get 2.7 metres..which is a reasonable longhole width (including dilution). That rock value per tonne then goes down to $200/tonne. Cost of Longhole underground up north would be

[Gauwd]

thought we were told we would get cuastics on the drills from 7, 44 and 6 as well.  Pretty weak and feable NR, don't think I will be able to unlaoad without big loss for at least a year or more now.  Cudjo price could be close if tax loss really kicks up steam, with this NR it just might. I wont put another dime into this, my rights are under water, my initial investment is

[Longinvestor123]

Everyone is blaming mgt while the tsx-v is 10 points away from an all time low

[mill44]

In a weak market the weakest stocks are hit the hardest.

[Gauwd]

Longinvestor, the fall in the TSX has NOTHING to do with the collapse of the share price here over the past year. A thin 2014 field program, zero promotion and a 21 cent financing is why, that lies directly at the feet of management.  I have stocks showing gains this morning, despite the hit the TSX is taking. The collapse of the TSX has everything to do with the

[mill44]

Wouldn't say nothing, but it definitely cannot be blamed for this price.

[Fivecarat]

G-man, you are mostly correct and in the real world, performance like the one management has provided would result in some heads rolling and yes, the .21 cent financing was beyond rediculous, it was unnecessary unless they had a grand master plan to take away any hope of long term holders to fairly make any gain at all for their own greedy pockets, legal I know, but morally wrong, I know what

[Gauwd]

thanks for your point of view fivecarat, I am venting and frustrated, its cathartic, or I am just an old grump.  Maybe we will climb back to 21 in January after tax losses, by the look of the O&G slide, it may still game on then.  I think mil has it though, if we do get above 21 before April, there will be another rout on the sp as warrants come due and are sold. We have a perfect