Peregrine Diamonds Ltd. PGDIF

RE:RE:SnapLake on Care and Maintenance!

[ekim]

Snap Lake produced 1.2 million carats last year.

I'm sure unprofitability was the main reason for closure.

Anglo is just about to cuts it dividend...A company trying to pay down debt and not go broke in this cycle= desperate moves.

On the flipside...De Beers is trying to curtail production on purpose to try to reduce supply in the market.

Best way for Gahcho to continue full steam ahead is to ensure it is in the top half of profit margin for all of De Beers mines.

If I was a KDI shareholder...this is the amount of Due diligence I would do and you all know I do a lot to begin with. MPV shareholders...DD goes without saying.

What happens at Anglo...happens at De Beers....happens at Gahcho.

LONG....PGD

EKIM

ps. profit margin is KING always!