Peregrine Diamonds Ltd. PGDIF

The end, per Will P.?

[madmann]

It appears to be over.

Eric Friedland and Tom Peregoodoff's Peregrine Diamonds Ltd. (PGD) closed unchanged at 23.5 cents on 188,000 shares. It has been chained at that price since De Beers Canada made a friendly offer to buy the company's stock at 24 cents in mid-July. The bid annoyed many of the company's retail shareholders, but it was not unexpected: Peregrine had been seeking a way to break its cycle of 10-cent rights offerings to pay for big -- but not big enough -- exploration programs its Chidliak project on Baffin Island. Despite its grumpy shareholders, new details suggest that Peregrine got the best deal it could arrange.

[griefman]

Here is the entire blog from Will tonight: Eric Friedland and Tom Peregoodoff's Peregrine Diamonds Ltd. (PGD) closed unchanged at 23.5 cents on 188,000 shares. It has been chained at that price since De Beers Canada made a friendly offer to buy the company's stock at 24 cents in mid-July. The bid annoyed many of the company's retail shareholders, but it was not unexpected:

[pennyoilking]

Come on bidding war! I would love to see someone buying all those shares at .235 tell the Friedlands and Debeers to Frik themselves!  Then relaunch at .60 cents fully funded! Then watch Debeers beg at $1.50 a share!!!!

[robybob]

I still havent seen anything in the mail, how about everyone else?  Wil mentioned there were 3 suitors originally, thinking one would have been DDC, easy to see why they are out, DeBeers and who else? Rio? Not many in this space, if 3 were in the dance, and only one left, not sure who else would tap on our shoulder. Time is running out

[pennyoilking]

I got my stuff online a week or so ago. It was very vague, I just vomited and voted against everything! I think there were only 2 things to vote on. With or without lube