Pangolin Diamonds Corp V.PAN.H

RE: PanTerra Announces Private Placement

[littlejoept]

vmldem--I agree--it could bobble slightly, but it ain't that big of a pp and pretty good odds it's practically 'pre-sold'. Pan has got some interest and momentum and they got a guy running it who doesn't like delay. I doubt the first well is a 'sure thing'--with todays iron prices (rig, service costs) and an ambitious program like pan's got--if it looks favorable, it might make lotsa sense to run pipe and move the rig. I also didn't see any warrents mentioned, another sign that pan is gonna raise a little dough, keep dilution to a minimum at these levels, and proceed. And don't forget slv--they seem to have quite a following and are trading at about 4x pan. Many might look at pan as a way to get into this play at lower cost.