Peregrine Diamonds Ltd. PGDIF

RE:RE:RE:RE:RE:RE:JK

[ekim]

I wouldn't say that is the same difference.

I think Kid points out the JK - US investor thing.

I have made the mistake over the years thinking JK is Canadian and based in Canada as a lot of his work and research is very, very focused on Canadian commodity companies and I would assume he has made a lot of subscriber money off of Canadian investors over the years as well.

Either way, I think the Discounted rights offering is off the table as is a PP.

I would still think they are on the table for a post-funding padding of the treasury.

Yes, PGD can sign up a JV to take the heavy lifting of Chidliak bills and may even be able to charge mgmt fees (some salaries) to the JV partner as they did with BHP in the past....but no, they can't get the partner to pay office expenses...mgmt salaries as a whole and any other projects that PGD may have their eye on (botswana, grassroots, lac de gras).

Assuming the share price rallies from a JV doing the heavy lifting with Chidliak...the PP or Discounted rights offering should, in theory...be done at a much higher price...with a much smaller % of dilution attached to them.

LONG...PGD

EKIM