Peregrine Diamonds Ltd. PGDIF

RE:Ekim

[ekim]

Hey Mill,

I do try to use the blog as chidliak specific ...not peregrine diamonds.
I do sometimes highlight a risk/reward aspect periodically.

People can go to peregrine diamonds website to learn about the company and the financings and other plays.

I don't disagree with the concept of the rights offer and the pricing mechanism and having a fair structure amongst shareholders.

I will concede the point that going to the shareholders 3 times for an extended bulk sample program is a bit much. (original rights, the warrants many months later, and now the current offering).

It is tough to expect your shareholder base to generate excess cash flow in that quick of a turnaround. No problems for the Friedlands. I suspect even some of the worker-bees insiders are feeling pinched.

The ch-7 results might turn out to be so great, this third iteration is a no brainer. But not myself or Cudjo or rocketboy can predict with any accuracy the outcome of the results. They may come out horrible too. There is a reason they do these bulk samples...because micro to macro conversion theories are just theories and need confirmation.

And if anyone believes they can...all the more power to them.

The ironic thing is, if this thing ever takes off or gets bought out at much higher prices, I will have to thank Cudjo personally for trying to push the share price down single handedly.

If the price continues down and the company goes bankrupt... ..then Cudjo gets put on a pedestal.

Cudjo either gets a big thanks or up on a pedestal. Sounds like he is a winner either way.

Easier to bash then put your $$'s on the line.

LONG...PGD

EKIM