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. > 25% of public float changed hands over 3 months

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Comment by Kidlapikon Jan 29, 2015 2:23pm

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Post# 23378416

RE:RE:RE:RE:RE:RE:25% of public float changed hands over 3 months

My point is this. If everyone saw the Rights offering as terrible and did not participate the big 3 would own this company. Out-right. After warrants exercised they would have 50% of the company just from Rights/warrants not even counting what they previously owned.

Without the long-term shareholder base this would be a lot less of an opportunity for new share holders than it currently is as privatization would be inevitable.

Should everyone have sold their shares as soon as the rights offering came up as the chart looks today? Yes in retrospect it looks that way. If that actually happened would the chart look the way it does right now? I say no it would not.

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