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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 mill44on Nov 27, 2015 9:00pm
159 Views
Post# 24333777

RE:Kaiser article now public

RE:Kaiser article now publicNot helping your case, Ekim.

"now there is a new delay linked to what CEO Tom Peregoodof calls a "big" concentrate, a problem that may have Robert Friedland wondering how he can buy more stock without running afoul of security regulations.
...
Peregrine management's body language suggests to me very high expectations for CH7 that are not reflected in the market's valuation.
I also believe that the body language reflects very high internal expectations based on a detailed technical understanding of CH7."

This might explain why people are a bit confused about the sudden rights offering. Say what you want but it will put a nice damper on any news coming out. If people were fine with their position before waiting for the news to come out, they would have to get awful greedy not to unload some or all of the new stock offered by the management. I am sure that a lot more longs would have been happy to hold on to the extra shares if they would have been offered after the results.
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