Peregrine Diamonds Ltd. PGDIF

RE:RE:RE:RE:somethings up

[Gauwd]

Market cap runs up almost 14 million for every dime rise in SP, currently we are over 100 million.  Some here are speculated that it could run as high at 1.50 by the time DeBeers option runs out at the end of December, that pushes this up over 200 million.

A couple of weeks ago, month ago....., market cap was cruising along at around 54 million.  Its been as low as around 35 million this year.......

If DeBeers waits, this is just going to continue to get more expensive, if they did decide to take a run at a hostile bid, they better get on their horse.  Some noise from them, and this will pop harder than it already has....

remember, insiders own 50% +, any bid will have to get them on the sell side of the equation....



MHR