Peregrine Diamonds Ltd. PGDIF

RE:RE:Cold hard facts

[ekim]

Another discount financing?

I believe it is easy to push through a discount financing at 1/4 ratio without too many loopholes.
Above that and you need to get extra special permission.

So, at 339 million shares and they do a discount at 1 to 4 gives another 84 million shares.

If you discount that to 20 cents. Then you raise just over $16 million.

With the $3 to $4 million left in the ban k...you get close to $20 million.

And as indicated...that budget from the technical report is not actually work plan.
The work plan could be very different then that.

Yes, that is another plausible outcome.
If they are at the point of doing a conference call and inviting analysts on it....some of those will absolutely have US clients and as we know with Kaiser's dismay at the rights offerings...those analysts will not be pleased at getting phone calls from their US clients after a rights offering is announced.

We will see.

Might be an eye to watch sedar like a hawk each and everyday.
One of these financings one of the provincial bodies jumped the gun and disclosed a document ahead of the financing announcement.
Could easily happen again...although I'm sure they will be doing everything possible to not make that happen again.

LONG...PGD

EKIM