Peregrine Diamonds Ltd. PGDIF

3 to 4 weeks and

[cudjo]

it will be into mid/late Sept, if there is going to be a winter program they will have announce some sort of financing by then to give enough time to raise the funds, organize, and ship consumables etc., That is about the max this can go if there is going to be a winter program.  If they are shopping for a JV partner, who you would have to asssume would want to move forward, (the winter program), timing would be about the same.  If we do not see anything from management by then, then I have to assume they are shopping for a buyer or will shelve it until market conditions improve.  BTW, there is over 600 PP coming due on the venture shortly, will free up some funds, but will be hard on stocks trading there as the shares are dumped to free up the cash, could be what they are waiting for....  GLTA

[MrBigger]

Why bother with a winter program, diluting any further?? Care and mtce. until a deal is struck. IVN could do it at any time. Or someone else. They know they have a profitable mine.

[cudjo]

agree, if nothing happens by the mid/end of Sept, probably care and maint until a deal is struck to sell outright. Dead money until news of a suitor.  Any winter program would be part of a FS, with or without a partner, and we would know if that was thier plan by mid/end of Sept.  Why put it into a holding pattern if they were going to advance it?  Dead dead dead dead money then

[ekim]

Geotechnical drilling is usually a nasty expense that companies need to do and usually doesn't add any value. PGD/JDS aimed so conservatively on the pit slopes...the project is in a position that geotech drilling will actually add value. ..which historically is not the point of geotech drilling. Comparing PEA's straight up is not due diligence by any measure. Some are overly optimistic

[cudjo]

"full" commitment to a winter program is in the order of 10-15 million, as per the MD&A, not enough in the treasury.

[Kodiboy]

As usual, and pretty much par for the course, we are waiting for the next move, but we can all agree they need more funds to go ahead with the winter program as laid out by them. Thus, we know some kind of finacial decision is forthcoming, and if not doable, and as they say no more passing the hat around to the public, then it's going to be mothballed for who knows when and then, where will

[greex27]

There is pressure in the market and I expect that PGD is in a good position to capitalize on their position and if they couldn't come to terms they'll reluctantly pass around the hat. I feel quite confident that it's just about finding the right terms to do a deal as opposed to whether or not there is enough market depth to do a deal. The creation of PGX remains...we should find out

[Kodiboy]

greex, I agree that they will reluctantly pass around the hat than shelf it for a long while, but that's just as much a guess as any other theory. We will know when we know, obviously, and don't have an option unless anyone can come up with one?

[greex27]

The only way that PGD has to pass around the hat again is if they overplay their hand and I think that's a real possibility. I don't think it's a matter of interest, I think they have more than enough interest today, but can the interest satisfy PGD's perception of value...A JV, even if it's light on value will allow PGD to squeeze out what they can out of Chidliak and I think

[robybob]

If JK can be believed, Tom told him that they would not do another rights offering with a huge discount.  That means 2 people have to be believable, Tom and JK.   Not sure who it was here, but about a week before the last discounted financing, note that the one before is still under water, someone posted here that they had talked to Tom and he was told there would not be another rights

[ekim]

Makes sense with ivanhoe. Partnership with dilute from a project for us shareholders... But from Robert's position, he may keep close to the same %ownership if you add up both ivn and pgd and his ownership.long...pgd...ekim