Peregrine Diamonds Ltd. PGDIF

Lets see another offer - lucara

[schocor]

Not a very high premium im my opinion. That being said those rights offerings sure helped lower my average cost...but .24 a share is a loss for me. So lets see anither offer. The break fee isnt too onerous. I will be loading up on as many .23-.235shares and i have cash around to do just that.

[ekim]

Lucara is probably the only option to still have a bit of a leveraged investment in Chidliak. The ability to invest in a pure play diamond investment is basically disappearing. Can't invest in DDC anymore. Soon, PGD wil be off the map. An investment in anglo America is not an investment in diamonds. Same goes with Rio Tinto. Both SWY/MPVD are debt ridden...so investment in those companies

[rhino1974]

Ekim there is huge potential in DIAM and that is it! The diamond space is getting smaller and smaller. Would love to see some of your new wealth come into DIAM. $3.3 billion NPV on Star and Orion and another Monster deposit of 52-90 million carats for Taurus and Orion North. Congrats man on this WIN! I truly think there will be antoher offer of .27 coming!

[mill44]

I wouldn't count on Rio making a takover offer on Diam. They have a tendency to ride out a JV until the junior capitulates. They have no reason to rush into anything.

[mill44]

Schocor, if there is any interest left in diamonds and Chidliak, your 24c bet might actually pay off. If the Friedlands don't just want to get out of this, getting half of 107M for half of the project would be a better deal for them, and maybe for us, too.

[racer-x]

Worth 24 cents as a tax write off lets see another bid