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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 by User

Bullboard Posts
Post by uLYSESSon Feb 13, 2012 10:00pm
668 Views
Post# 19529007

not a storybook diamond fields story

not a storybook diamond fields story

I too, am in shock upon reflection, as to how this all went down .... just a few years ago it appeared we had a giant winner. with the stock going from under $1 to over $4, and soon to make the Diamet leap into $10 to $20 dollar territory .....

Friedland and maybe brother Robert in, BHP as JV partner, and Kaiser "risking his reputation that this was the next Ekati", Dundee buying in .... Salman Partners touting $5+ on C-6 alone .....etc. etc. etc.

Now look where we are:

another year of grassroots exploration and no bulk study until 2013 and results December, 2013, a "database" of canadian diamond prospects (just what we need when what we really need is alot of money to develop this project), no major mineral finds ala Diamond Fields, no equity buy-in by brother Robert, Kaiser out for now, no BHP (first clue was when they didn't want to increase to 58% and fund the bankability study (downplayed at the time), no other C-6-like discoveries to date, big kims with carnival sized diamonds all over the property so it seems and few gems, and a poorly timed rights offering, etc., 100% ownership and funding, and now a stock price under .70  .....

Total bad luck  all the way around and frankly, unbelievable

Did I miss anything?

Bullboard Posts