Peregrine Diamonds Ltd. PGDIF

Diamond prices.

[ntagain]

We are all talking about De Beers entering a JV or a take over bid for Peregrine. Oiltar believes that Anglo cannot turn down the argument hat De Beers will give. I have grave doubts. Anglo put the kibosh on the previous JV as the commodity market was bad and consequently their balance sheet and SP was bad. They were not about to commit these funds to something that did not have a more immediate return. The situation now, is worse. Commodity prices are far lower. As a long, long PGD shareholder, I hate to throw gasoline on the fire but I cannot see any hope of DeBeers coming into this scenario in the very near future. Hope I am wrong, Its been a LONG wait.