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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 shneps on Jun 09, 2018 8:08am

Permits

Another twist in our ongoing saga and guessing game. Four days ago Peregrine had its Enviromental Baseline Study permit renewed. Not too thrilling? Interesting aspect is this permit expired in 2016, after (7) years of studies were completed, and is being renewed now. The baseline studies include wildlife observations, hydrology and fish studies required for the mine permitting. This work is normally carried out twice a year, in mid June and September.
Cheers
Comment by mill44 on Jun 09, 2018 10:38am
Why are they renewing it now if one was already completed? They need to find more things to spend the money they don't have? I am sure they don't have the people to do it in-house, so it would be contracted out. Or maybe now they do?
Comment by shneps on Jun 09, 2018 12:07pm
The work will be performed by Tetra Tech Canada. The studies have not been completed. The company obviously had reasons for not continuing the studies (financial reasons?). Point is they allowed this program to lapse but are now reinstating it.
Comment by mill44 on Jun 09, 2018 6:08pm
Ok. When you said completed,  I took it literally. But if they did not do it yet, they have to in order to move this towards a mine. Might mean nothing, because as you saw it, asking for a permit does not mean that the work will be done. They definitely have no money in these circumstances to go ahead with it. The financial problems are sitting on this company like an immense lid. Once ...more  
Comment by ekim on Jun 10, 2018 1:10am
It is for tetra tech to basically be allowed to go out and install a bunch of web cams around the property and do advanced water sampling and fish stuff, etc. etc. They call it a scientific research permit...not the permit to drill or take water for drilling or LDD RC etc. etc. As far as I know, PGD did complete an environmental survey last year and submitted a 2017 report as well. I believe this ...more  
Comment by ekim on Jun 11, 2018 12:16am
Details are in the Resource update -- Page 4-5 (Table 4-1) --> Resource Statement 2018 They did do something in 2017...but it was one of the sparser years. They have completed different assessments in differing years.   It looks like with the scientific permit and all this year that they will a bit more 'x's in that chart. LONG...PGD EKIM
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