Peregrine Diamonds Ltd. PGDIF

Robert Friedland Share Value

[shneps]

Ekim. I have a question for you,maybe you can sort my thought process. I haven't been around as long as yourself so I'm sure you have a better perspective.
Did Robert buy most of his intial shares around the 50c range?
If he has participated in (4?) rights offerings. 40c, 20c and (2) 10c?
If this is correct what would you conservatively feel his per share value currently sits at?
If you take the 26 million or so he got last round at 10c last round and work your way backwards what is his all in cost?
I've seen other times (2015) where he picked up 9 million for 1c.
Just curious what you think, your the numbers analyst.
Thanks Mike.

[ekim]

Newstar purchased 16.4 million shares at 50 pennies. Then had a bunch at 21 cent rights offering that came with warrants. Then exercised its own warrants and also another 9 million warrants from Dundee's hands. Then fully participated in the 10 penny offerings x 2 . Owns about 25% of the company. Don't think he cares about his cost basis at this point...but where that 25% ownership will

[mill44]

I did the math after one of the rights offerings. Unfortunately, with so many of them it is hard to keep track. At that point, Robert's cost was about 30c/sh. Was that before the first 10c offering or after, that I don't know. Should not be too hard to figure his cost out if someone wants to spend time on it.

[shneps]

Thank you for the replies. I was figuring in the 17c to 20c range myself. I see Peregrine extended its permitting through to 2023.