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Peregrine Diamonds Ltd. PGDIF

Metals & Mining Industrial Metals & Minerals
"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

Peregrine Diamonds Ltd.
Bullboard Posts
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(18)
•••
Comment by schottchris1on Aug 11, 2014 3:12pm
209 Views
Post# 22829551

RE:RE:6 Months

RE:RE:6 Months
I agree that a rights offering is the FAIREST option - but it also does allow the Frienlands to load up cheaply (should they be inclined to do so).

Announcing the price, then keeping the stock LOW by seling some shares means nobody will exercise their rights. The friendlands can then exercise them all.

I am not inclined to believe that the Friedlands are anythiing but honest brokers. HOWEVER as board members they do have more information and insight than the rest of us....and the potential for them and other boards members to use it in this particular instance does not elude detection.

All is good in the house of peregrine I reckon.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities