Peregrine Diamonds Ltd. PGDIF

Kaiser

[oiltar]

Thinks as I do we have not seen the last of Debeers.We are closing in on 25 to 30 million cts in the next few months and Debeers owns 2.5% of PGD common stock and an $8 million exploration ticket.

I do not rule out some kind of Debeers deal.

[ekim]

If De Beers is still interested...I would not rule out the waiting game to get to see if the BHP royalty falls back into PGD's hands. Make it even more lucative to step back in. LONG...PGD EKIM

[aea257]

Has there been any news about the royalty court case?

[ekim]

I periodically check the BC Justice site and it shows the last update as May 14th. So, no, nothing has changed. I'm suspecting the whole thing probably didn't have to go to court...all parties are just stuck with what to do. LONG...PGD EKIM

[northmark]

If PGD wants this royalty back they need to do it before any substantial news that may increase the value of that royalty. 

[Kodiboy]

I thought there was a definitive date for this to be resolved?

[northmark]

Nope, BHP could turn around and say it is no longer for sale and then gage PGD's response. The response from PGD so far tells them it's worth something.

[oiltar]

My take is the transfer to South21 already triggered first right to PGD,Now BHP breached the first rights clause and the cout can order the right to PGD.If the trigger has been pulled as it seems it has by the South 21 transfer then the court  rule in favor of PGD and likely going to  granted it to PGD.If BHP did not give a value to those rights at the time of the transfer then they may

[northmark]

Thanks for that Oiltar.