And now, for the rest of the storyI think maggie pretty much summed it up, the get rich penny flippers don't understand today's news, that is good. Serious longs are waiting for pretty news, and pretty pictures, will come with bulk sample in January IMO.
Oiltar has it right, IMO, there is a, or are, suitors on the sidelines watching, and today's news will be discussed in board rooms other than ours.
Bulk sample results will come out early January, and therw will be some hopeful posts here stating "if a big stone pops out, it will be material and we will get early news", don't bet on that, company has spoken, early January, take that to the bank.
What we see today is a continuation of confirmation, mouthful, but it is what I see.
Maybe there will be some tax loss selling through to the end of Nov, then a spec rally through to bulk results. Then it is buck stops there time. If it confirms what the longs hope, I expect suitors will start lining up.
Reality in front of is there will need to be more financing, January will tell us if the Friedlands can do it with, or without deeper pockets.
The diamonds are there, profit margins will be greater, valuations are there, cpt is increasing, were close or above 20 million carats, were open at depth, and the meat and potatoes of diamond mining is what will been seen come January.
Calmly tell your friends and family to do some serious dd on Peregrine over the next couple of weeks, buy some stock for your lovers for Christmas, watch it grow as the story grows.
Never ever take investment advice from me, this public board, or any others, do your dd.
Enjoy the people around you, learn something new everyday. I have tried, its been a great ride.
Thanks to you all here
G
MHR