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Peregrine Diamonds Ltd. PGDIF

"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

Post by justanormalguyon Apr 03, 2015 11:43pm
121 Views
Post# 23596301

Shares and Warrants

Shares and WarrantsNot that I really care at this blip in time, it's interesting to note over the last 2-3 days of trading.

Why are there 3.8 million warrants for sale at .5 cent?  It appears that 3.4 milion of these warrants show up and disappear overnight? A "block"?

Why aren't they being bought or few warrants being bought at all?

Why does it appear that volumes for shares are higher and generally trading between 21.5 and 22 cents?  When people could I suppose derisk by buying the warrants and possibly for 1/2 cent cheaper.  Warrants can be bought/sold until noon ET Monday and then can be exercised til 5 pm ET Monday from my understanding.

Is it possible people want liquidity in the next few days of uncertainty by buying shares versus warrants given that our warrants are not liquid for trading after noon Monday and won't be liquid until they show up in our accounts (mid to late week according to TD)?

Next week will hopefully provide some answers.  Should be fun.

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