Peregrine Diamonds Ltd. PGDIF

March 2018 Trenching at CH44

[shneps]

Seems PGD is looking at trenching CH6, CH7, and CH44. An application has gone in for a 10m x 20m x 4m trench for a total bulk sample of 1500t.Application is for March 2018. ftp://ftp.nwb-oen.ca/registry/2%20MINING%20MILLING/2B/2BE%20-%20Exploration/2BE-CHI1218%20Peregrine/3%20TECH/11%20DRILLING%20(F)/171127%202BE-CHI1218%20Trench%20Plan%20for%202018%20at%20CH-44-ILAE.pdf They had previously applied for building a Hercules landing strip along with a smaller Twin Otter strip. Does look as though March 2018 is shaping up to be a busy winter program. Biggest question is: How is it being financed?

[cudjo]

$64,000.00 question, "Biggest question is: How is it being financed?", if a winters program, then another rights IMO, if part of a FS or preFS, then open to see.  good luck

[greex27]

Do you think that PGD has some outside participation lined up in order to tackle a program of this size? It seemed like the reduced 2017 program was focused on the reality of mining CH-6 with expansion and geotechnical drilling...I get doing a bulk sample on CH7 so that we can try to get a better carat value but to sneak off to CH44 throws me off a little. Are we trying to dress this up for the

[cudjo]

trying to sort out that question is the crux of the problem here, if it is more window dressing, then a financing, millions and millions more shares, if it is window dressing and a DMS plant, double it, a big pocket partner is required to move this to and through a FS IMO, anything less, and the share price here will never get over a dime even with production, do the math, 40-50 mill for a FS

[mill44]

Without knowing that there is financial backing, this whole thing looks like a Christmas wishlist and it is a bit scary. They just raised 10M and knowing that they might want to raise 15-20M more in the near term is not a thought that makes you sleep better. Even if the Friedlands come up with half of that, for every 1000 shares you hold you are looking at about 35$ cost, at least, to avoid

[cudjo]

a partner would also bring back institutional support because of the certainty.  Good luck 

[griefman]

Mill, you act like the company duped you some how, yet you wrote at the end of Nov, this: ”I painted a picture to Ekim 4 years ago about a worst case scenario going through my mind based on informaton from the company. Up until now everything that happened happened exactly the way I pictured.” Why, with your Svengali prediction 4 years ago, would you invest in such a losing proposition? This

[griefman]

Ok Cudj, you can answer for Millski, it’s obvious he can’t do it himself.... I guess his painting for Ekim hasn’t dried yet. Four years from now, he’ll say, again, I told you so...this stock, company, is a loser, but oh, guess what, I still invested in it. Its like saying, I knew that guy Trump was a wacko, but I voted for him anyway....

[griefman]

Oh yea, and I’m gonna vote for him again in 4 years...