Peregrine Diamonds Ltd. PGDIF

RE:RE:Where do we go from here?

[ekim]

They have all key equipment onsite for whatever variation of program they intend to do.

The only items they probably don't have are consumables.
Specifically Diesel..maybe some blasting supplies.

Sealift to Iqaluit runs until mid September I believe.

All that can easily be paid out of current treasury....so they still have the Sept/Oct timeframe to raise some serious funds for a serious program.

Point is, there is a good chance we may not see any significant financing announcements until the early fall.

I'd love to see a non-dilutive magically financing anytime now...but reality?

Got to give something to get something.

Debentures?? - Maybe tied to a conversion of shares = dilution
Rights offering - Shareholders have to pay to not get diluted. Dilute our wallets not our share %.
Partnership - Dilute PGD's physical ownership in Chidliak.
Marketing agreement with Tiffanys or such? - Raise some $$'s. Dilute future flexibility..not money.

We wait and see...That wait might be for a couple of months.

I think the next milestone is just the full details on the PEA technical report.
That may also be precursor to getting any financing in the market anyway.

LONG...PGD

EKIM