Peregrine Diamonds Ltd. PGDIF

2 day wait.

[ekim]

Went back and looked at the last time timeline.

Offering closed 2 pm (west coast) on Oct. 6th, 2014
Press release on details went out on Oct 8th, 2014 @ 10 am (west coast)

Accountants and Lawyers got to get busy.

LONG...PGD

EKIM

[Gauwd]

If memory serves we saw the transactions on Canadian Insider well before the NR.  I am old so help me some of you, okay. Only one insider to date has exercised,  Poznanski, remember, outside of maybe the big guns, they would be doing this via a broker or thier banks and would have the same deadlines as the rest of us.??.  Like a week before.  With only one so far, would not

[cudjo]

We did gman, that is because last financing was to get the glitter out of the ground, this time the "little" people could see that 7 wasn't up to expectations and I bet has joined the retail bail as well.  With no backing, just an expected participation from the majors here, waited until the very last moment and decided not to dig deeper, we will know for sure in the next day or

[shneps]

Personally I have never been comfortable with the wording of the "Use of Proceeds", $3.15 million dollars toward the "standby and demobilization" of Chidliak is not a company in exploration mode. If testing was not completed, the RC is junk (or operator) why bail? As every hour goes by and nothing is heard from a director or management the more I fear we've been

[robybob]

shneps, were do you see that quote?  Scary as hell, only thing that I can find is "A fully subscribed rights offering will raise gross proceeds of $7 million, which will be used to further the remainder of its 2015/2016 Chidliak Diamond Resource Development Program, which includes delivery of a Preliminary Economic Assessment, fund the Company's 2016 Chidliak work program, advance

[shneps]

Robybob, From the Rights Offering - Principal Purpose                                                         

[mill44]

Depends on the timeframe, I guess. I don't think that they want to do a lot more exploration after this. It would be mostly their money and they might consider it a waste if they fully intend to build the mine. They might just start the process, it will take a while to get the permits.

[ekim]

I believe they said an additional $4 million is needed to accomplish everything they need to accomplish by the end of September. I think that was in the last earnings? The extra $3 million will be guide the 'want' list of items that they could do this year or leave in the bank until the fall. They are probably not going to finalize that want list until they are sure they have the money