Peregrine Diamonds Ltd. PGDIF

RE:RE:Short Positions for PGD

[greex27]

Agreed. The SP reflects the downside much more than the upside, a discounted offering will pull us back down and that's a real risk...If the market felt like a JV or buyout was imminent we'd start to creep up but the past has suggested that the downside of what PGD might decide to do is greater than any upside. I think PGD will look at debt as a downside option vs a discounted offering. They've been very quick to point how they've managed this far with no debt and while I'm not sure there was any debt at any level available to them in the past, it does speak to the fact that it is another mechanism that is probably much more real today than at anytime in the past. Borrowing $15,000,000 against the asset value doesn't seem like much of a stretch. I do think that a JV is most likely but PGD should be able to cover the downside with some level of debt if that's what it comes to. I think quiet is good news...we'll see.