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Bullboard - Stock Discussion Forum Peregrine Diamonds Ltd. PGDIF

"Peregrine Diamonds Ltd is a diamond exploration and development company with interests in diamond exploration properties located at Nunavut and the Northwest Territories in Canada and The Republic of Botswana."

GREY:PGDIF - Post Discussion

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Post by oiltar on Nov 19, 2016 2:27pm

My bet is

Its DDC who sees PGD as a platform for growth.PGD is on recoed now to be open to a JV and DDC is on record wanting a new project.Can any one here besides me connect the dots?

DDC is coming to Chidliak or my 25 yrs of M&A observations was a waste of time.Well other than the dozen take overs I speculated on that did in fact happen that I took positions in them before my speculation turned into fact..

If DDC enters Chidliak the share price of PGD will double from todays price.DDC hired a CFO M&A guy in Sept.Therefore DDC had lots of time to do DD on PGD.I expect we will no very soon about a deal.The take away from Tom is PGD has attracted serious interest and is open to a deal.The last time I spoke to Tom he said "the ink is not even dry on the PEA but we think it will open doors for us".The Nov 7 quote is clear  it has now opened the door and some one walked through that open door.My first bet is DDC,but I do not rule out Debeers as Debeers has a habit of walking away only to return.But I favor its DDC due to the fact that they will have to close down Diavik in 3 yrs unless they truck the DO-27 10 to I washed ore to the plant.
Toms statement has a new tone we are in talks.He has alerated PGD shareholders to expect some kind of news soon.
Comment by greex27 on Nov 19, 2016 5:59pm
Oil.... Everyone here has connected the dots...I appreciate and respect your enthusiasm. What do you know about the Management team. I feel like Eric and Robert would be awful passengers so they aren't going to JV with someone that isn't either (more) qualified to drive the bus or will be a good passenger...where does DDC fit? Where does DeBeers fit? I can see DeBeers wanting Chidliak to ...more  
Comment by griefman on Nov 19, 2016 7:52pm
I've never actually have seen the JK letter to subscribers to dump PGD...does,anyone have it?
Comment by northmark on Nov 19, 2016 9:23pm
To be clear on this point, at no time has JK recommended that subscribers sell thier PGD holdings. He has maintained his rating on the stock due to the fact that "the fundimentals at chidliak have not changed".
Comment by griefman on Nov 19, 2016 10:34pm
Like I said, I've never seen anything on this in black and white?
Comment by greex27 on Nov 20, 2016 3:58pm
Northmark is correct...JK did keep his rating as suggested. So subscribers...I'm so concerned that the F brothers will do another discounted placement that as a US resident I can't participate, so I'm going to bail and you guys stay put because it will all be okay...What happens to the SP when they do a discounted offering? The SP drops to meet the offering so JK can participate ...more  
Comment by mill44 on Nov 20, 2016 6:52pm
We had big discussions about where the SP should be before the rights offerings and after. As I said then, there are millions of reasons to sell a stock but only one to buy. Fundamentals don't matter much half the time, unfortunately, when you sell. Kaiser's case is a nice example. I read Oiltar and Normalguy's post about the value of the property and if you are a long it does not take ...more  
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