Peregrine Diamonds Ltd. PGDIF

MPVD and KDI Merging

[shneps]

The latest domino in the Canadian consolidation falls.I guess the next question might be, what has the Queen of Diamonds got up her sleeve?

[mill44]

Just hope this won't be used as a template. Most holders would be underwater with a 30% premium.

[shneps]

Exactly six months after Desmond stopped buying into KDI. You could have almost timed that to the day. I've personally felt it has always been overpriced and when more than 50% is controlled by two entities, what do you expect. We are not in that much different a boat ourselves.

[cudjo]

mil, template for a merger here? Don't think the bros would go for that, looks like an decent deal over there from both sides. As for there being "green" here, not possible ever for long longs, not without a partner. Is the sp 2-3 cent rise be being "managed" in prep for another devastating discounted rights? New resource statement due in a couple of weeks, then will be

[mill44]

Not a merger, Cudjo. A buyout by an entity like Newstar. Set a 6 month average, slap on 30%, the going rate in the industry and call it a reasonable offer.

[cudjo]

Good point, have it all for 15 16 cents. Fleece the longs one more time, they seem to be very fleecable, raise another 10-15 million, depress the sp even more, then 30%, voila, big bro has it all for under 20 cents. No need for a partner, their own white knight. Great plan, all legal, voted on, acceptable to a few is all that is needed. Fail to plan, plan to fail. E knows the R knows this and I am

[CobraCommand]

Cudjo - that is a scary prospect - and hopefully not true at all. How invested are you in PGD Cudjo? You sound like a super negative person every time you talk about this stock, are you upset at your losses and losing faith in the prospects of getting the returns you hoped for?

[mill44]

You are right, it is scary. But unfortunately, it is not an impossible outcome.Only people who still believe in the Tooth Fairy and Santa Claus would think that the Friedlands will keep financing the project for the benefit of the rest.

[cudjo]

thanks Cobra, been both long and short, not negative, realistic would be a better description. Counter to the unrealistic dreams posted here, fly your trial balloon at the long term longs here, they are the ones who won't see returns they dreamed of here IMO. Best of Luck.

[Hopeful123]

Good entry level?

[mill44]

barring a rights offering.

[cudjo]

if you mean for PGD, depends on what you believe is going to happen. Small run up to the new resource statement, which will be higher, but priced in already IMO, run up to a new PEA, which in the past has happened, and mostly priced in now IMO. If you think mils scenario is possible, and it is definitely in the realm of possible, a 30% premium is a good return. A partner, and not Newstar buyout

[shneps]

So you believe that RF would screw the shareholders. Possible. Not likely. Do you think he will also screw the people that work for him (Robert stands firmly behind having the very best people and rewards them accordingly), as they have been basically receiving options for payment over the last two+ years? Possible. Highly unlikely.

[mill44]

I don't believe he is out to screw anyone. This is just an opportunity that he saw and will possibly take advantage of. Like a seasoned businessman. A few people here believe that Chidliak is a unique opportunity. Why wouldn't he think the same? All his actions point to that, as it has been pointed out quite a few times here. I asked this a few years back, does anyone think that they are

[shneps]

If Peregrine was to complete a 10 to 1 share consolidation that would still only have their per share value at a paltry $1.45. KDI,over the past year, has averaged almost 2.5 times that value. All eyes are on KDI today but eyes will turn to Peregrine with the new resource estimate and possible updated PEA. I would personally take a 30% premium, all be it disappointed ROI, but I don't believe

[Kidlapik]

I would be well above water at a 30% premium after numerous 0.10c rights offering and heavy oversubscribing. I would be VERY disappointed if that was how this all ended as a 30% premium at this market cap is incredibly undervalued. I would rather have another 0.10c rights offering than a 30% premium buy out.

[mill44]

Shneps, are you expecting any surprises with the numbers in the next news releases? If not, then why do you think that they would be game changing? The information they will be basing them on has been out for a while now.

[cudjo]

shneps, mils scenario wouldn't be screwing the main shareholders, no one told retail investors this was a sure bet, outside of dreamers posting here - what 7 or 8 of them?? lol, what "investment" is a sure thing? IF THIS was, institutions and analyists would not have fled years ago, they would be here and your sp would be much higher, and the prospects of more rights at this stage, a

[robybob]

Have to weigh in here, as a long, not as long as some, but under water, 20 cents would be enough for me to leave permanently. My money has been here through a great deal of upswing in a lot of other places. If lets say, that is Roberts plan, mils post, one thing to consider is ownership. Between the brothers they have less than 50%, so if a company like Newstar did make an offer like mil proposed,