Peregrine Diamonds Ltd. PGDIF

Nothing matters

[mill44]

but the money. I year ago when I said that the PEA and the numbers will be meaningless without news about money I was called everything from a basher to an idiot by Rocketred, Silverwhere and other exploration experts. Now we sit half a cent away from one and a half year low. We can talk about anything, try to demean anyone who says anything negative about the project or the management, but eventually everyone will have to see that the only way up is for the market to see a clear plan toward a mine. Otherwise all what you get is maybe an occasional bump.
Two-three months ago Friedland said that the negotiations were all but done. Let's hope they are only waiting for the ink to dry.
To be honest, I am a little surprised that the news did not make the faithful followers speculate on the loan. If you look through pink glasses, it wouldn't have been too hard to come to the conclusion that this was the only way they found to put some money in the bank without risking a legal action when they announce a deal shortly.

[griefman]

Good post Mill, but, the problem with you, then and now, is that no matter what, you think you are always right.

[Silverwhere]

In this case mill was & is right. No money no honey. The money is on its way - finally, hopefully. I assumed it was on its way months & months ago. Not so then (mostly due to a combo of India & general economic stagnation). Is this a sure thing now? NO but that will not stop the believers from continuing to bet on PGD.

[griefman]

Yes agree...money has and is the continued issue and agree further in that this is a bet at this stage, was and still is...

[shneps]

Mill is absolutely correct in our path forward,as retail investors, is "How is this going to be financed", going forward. This small step forward is probably the largest in years for the company. There has been background signals occurring over the past year and a half pointing towards something. Cudjo refers to them as being negative, I say different. The pumper I am for believing in my

[mill44]

For sure there have been signals that should promt for some speculation, yet there is no sign of any. There is fatigue and indiference and that's it, but it's not totally impossible that long term holders who finally had enough gave up right before the finish line. Let's see what happens in a few weeks. Not like we haven't said that a couple of times every year for ages already.

[ekim]

They have also recently made the direction to not only convert new material at depth at CH-6 direct into the inferred material..they are also now going to leave a bit more in the pipeline with some additional TFFE from the summer program. Obviously won't help the PEA directly...but you can say that the updated PEA says this...and there is also some additional TFFE that needs further