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Peregrine Diamonds Ltd. PGDIF

Metals & Mining Industrial Metals & Minerals
"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

Peregrine Diamonds Ltd. > Your discussion G
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Comment by mill44on Feb 09, 2016 5:06pm
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Post# 24541467

RE:RE:RE:RE:RE:RE:RE:Your discussion G

RE:RE:RE:RE:RE:RE:RE:Your discussion GI am not saying that streaming should be their first choice, but they need money to get to production. CH6 had no fancy yellows, we don't know about CH7 yet, but how much do you think Tiffany would pay for those rights in current market conditions, even if we had plenty?
As long as you don't show the market another option beside equity financing, hoping for more than 20-21c is quite optimistic. All the fundamental data has been out there when the rights closed, a confirmation that whoever went for it was right would only be enough to get enough buyers for the shares from the financing. You need more than just that to think of 30c.
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