Peregrine Diamonds Ltd. PGDIF

RE:RE:Options granted @ 30c

[ekim]

Well...that was the last shoe to drop.

I see Eric loaded up with more options. That is fine and I'm glad they didn't pull this out when the stock was at or below 21 cents as I was half expecting.

These options are probably for 5 years..which takes Chidliak to a mine...but these won't be exercised until the end...so any cash infusion into the company is a mute point, but it does add financial incentive to the staff.

The industry has been hit hard and salaries have been cut with no pay increases, etc.
I'd hope that this is a way for Peregrine to reward it's key employees and haven't been dishing out big raises year after year in the mean time.

Eric just gets more % ownership in the company if these options get exercised.
Robert and Eric own 42.2% fully diluted assuming all options get exercised.

Now that the last shoe has dropped....they've gone and put other shoes in the meantime.
Financing done, flow through done, options grant done...that was my expectations last year.

Now, we have Botswana and spinco and other shoes to figure out.

LONG...PGD

EKIM