Peregrine Diamonds Ltd. PGDIF

RE:RE:RE:RE:Thanks Mike

[greex27]

Gauwd...I've thought about why Eric et al haven't exercised as well at this point either for the sake or promotion or to encourage other SH to exercise. I suspect this boils down to managing their cash, it's a big nut for all and having the money sit in my account is better than it sitting in PGD's... Obviously if they can find a JV partner the requirement to invest in the warrants might diminish or just change the price of poker. Can you imagine the drift in SP if the big 3 decide not to exercise their warrants because unbeknownst to us the money is coming in by some other route... The only way they don't exercise is if they have certainty of another source.