Peregrine Diamonds Ltd. PGDIF

RE:RE:RE:RE:RE:Cash position

[Silverwhere]

“If they cannot convince the market of the project's value, then they should shelve it until they can raise enough money to build a mine themselves.” 

What’s with the constant fear mongering? By the end of June comments like this will most likely look rather silly. Let’s wait for the numbers to come in before passing (hot air) judgement like this.

This is how some of us feel about these types of questionable comments being posted:

mill44 wrote: The last 5M came at a cost of 25% dilution and more than 3M came from them.
For the next phase they need 30M, impossible to raise at 18-20c through share offering, at least not without asking for 50M. That would hurt a lot of shareholders. Even the ones like Ekim and Kidlapik would probably find it hard to stomach if they had to increase their holding by 100%.
Going for less would just erode the market's trust completely and destroy any value left in the stock.
A JV, a sale or a PP at 25% premium would be the only acceptable deal at this point.
If they cannot convince the market of the project's value, then they should shelve it until they can raise enough money to build a mine themselves.