Peregrine Diamonds Ltd. PGDIF

RE:RE:DDC buy out price

[ekim]

Kodi,

The point I brought up recently...maybe not on this forum...is the lack of support on the stock and why?

The support comes from buying on the public market...so you have to ask yourself who has that ability?

Us retail crowd...yes. Up, down, up, down, speculation, worn out, excitement, applause, oh no...etc.

Others?

Robert Friedland? - Not likely, he is well over 20% (around 25%) and can't just walk up and buy shares on the open market to add to his position because of securities rules. The only easy exemption was the discounted rights offering (fair for all..so he doesn't have to try any loopholes)

Eric Friedland? - Not likely, again, he is well over 20% (with options exercised)...so still falls into that same crowd of...oh no....more securities rules. Again, the discounted rights offering avoided all this.

DBC - Signed an option and a CA (confidentiality agreement) with PGD. Knows a lot of information. Might be able to buy in the open market...but if they did and then did a buy out...might get in trouble. That assumes Anglo would let them buy more shares.

DDC - IMO, they may have been the Plan B or C that was referenced when DBC was chosen as Plan B. Again...probably a CA agreement signed. If oiltar is right and DDC is seriously looking at PGD and negotiations are going on...Another CA or blackout period. DDC may not be able to buy shares on the open market.

IVN - Any deal with IVN/PGD would already have to go through some careful tiptoeing based on the a shared insider. Robert is only an insider of PGD by ownership...so that helps. I can't envision IVN buying PGD shares on the open market because of this.

So, you are really left with institutions that are still being sold on the PEA and probably doing their little DCF models and share price targets and may take into account a potential buyout premiums. The analysts themselves do have some access to a little bit of money...but most of that is client money and probably need to do a report and convincing before any of tha that happens..plus a lot of that will want to be a fixed rate PP.

So, the point is, the key stakeholders that may have the clout and cash to actually go and buy up as many shares on the open market as they possibly can.....probably can't. Their hands are tied.

The 24 cent pricing seems to be at the full control of retail only.

LONG...PGD

EKIM