Peregrine Diamonds Ltd. PGDIF

Rights Offering

[k22k22]

If we look at the past offerings it's pretty easy to make an assessment of what would play out about 5 seconds after they announce another one, which is why I can't really see them doing it again, at least not for a discounted price. Longs are exhausted or frustrated. I'm pretty sure that most here would do exactly the same thing I would if they announced another discount offering; Dump and then pick them up on the market when they drop to match the discount price. If they announce another discounted rights offering then it should be absolutely clear to everyone where this is headed. Here's hoping for a NR by EOY, I think this has been one of the longest windows without an update, I hope it's because something is brewing, or maybe they're waiting to see if Mr T will impose tariffs on Canadian diamonds in his revamped NAFTA!