Peregrine Diamonds Ltd. PGDIF

RE:RE:Exercise my warrants.

[ekim]

On that note, I would also think twice if you are going to try and buy anymore half penny warrants on the open market.

Remember, those warrants take 3 days to settle...which could easily go past the deadline to exercise the warrants themselves.

At this point, if you want to add to your position, beyond what you currently have, putting a bid in 21 or 21.5 cents for the actual shares is the best course.
In fact 21.5 cents will actually help with the warrant exercise as there will be a couple of institutitions buying up warrants at a half penny and selling equivalent shares just to get $$'s into PGD's coffers. net neutral trade for them and I believe it has been mentioned taht PGD does have an arbitrater lined up..but haven't seen confirmation on that. I believe this would be kind of like Latimer picking up or selling all the odd lots.

Again, buying warrants on the open market now is too risky for the timeline.

Good luck all,

LONG...PGD

EKIM