Peregrine Diamonds Ltd. PGDIF

RE:RE:RE:RE:RE:RE:Expired Warrants

[maintenance1]

There is pretty much never a reason to exercize early. What if Baffin Island were to sink? Not likely, but why chance it when there is absolutley no cost to waiting? You may consider the optics to the market as a reason. Perhaps. If  the brothers do not excersize, sub 5 cents is almost inevitable. I don't think that will happen.

They missed the AGM to go overseas. What a snub to shareholders. Or, perhaps their purpose was sufficient to forfeit the meeting. A JV or exclusive marketing agreement would fit. 

Anon arbitraged the shares and warrants. That was obvious. Canacord dumping warrants was a surprise to me. I haven't seen them on the buy much for shares, so I don't think that explains it. It seems Canacord just wants out.

Hopefully we will have a better understanding in a few weeks. I don't know what the share price will be in a month. I am pretty confident that it will be north of $1.00 in one year. Even with the high share count, Lucera is up there. Even with the unlikely prospects of KDI, they too are up there, albeit without the high share count.