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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

Comment by Gauwdon Sep 09, 2015 12:31pm
111 Views
Post# 24089332

RE:RE:RE:RE:Rush KIM5

RE:RE:RE:RE:Rush KIM5Kodi, answer is in the NR, they will not have ANY grade results on ANYTHING from the winters bulk sample until January.  Processing of the concentrate won't start until November, nothing material could possibly be reported before the samples are processed.

"The company expects processing of the CH-7 bulk sample to a concentrate to be complete on or before Nov. 30, 2015"  How will you get material news out of this?

Then, "Final diamond recovery is expected by early January, 2016" - Diamond recovery is expected by early January, they have to pull the diamonds out of the concentrate for anything to be material, this will start after Nov 30, means, 3-4 weeks to see what diamonds are there, remember Christmas, not sure how the SRC works thorough this time.

Then they finish with this quote:  "initial diamond grade results being released shortly thereafter"

If you want to believe that diamonds will be littering the SRC floor coming out of KIM 5 in the next 2 weeks,  drink the same koolaid Oiltar is drinking, drink some pink and fancy yellow koolaid as well.  It is obvious he does.

If you in, and believe, and have some cash, pick up some more as we go through tax loss selling season, nothing from the summers program will excite shareholders, unless it is big.   Thats about the only hope of any material news before January.

MHR
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