Peregrine Diamonds Ltd. PGDIF

RE:RE:RE:RE:RE:RE:RE:Kaizen Discovery?

[greex27]

This doesn't need to be a critical moment in the story but we would all like it to be. PGD can figure out how to fund the winter program but the hope and we have to assume PGD's intent is to figure out how to fund to production. To EKIM's point, if they find the path to funding then it's just about executing a long and boring path. For many of the longs here, de-risking the story at this point will be a welcome event. If it doesn't happen, all is not lost, we'll just revisit this at the same time next year. PGD overplaying their hand has always been my biggest fear...who needs who more? I know what Robert's answer would be and that worries me. DeBeers struck out with CVV, which is terrific news but what if they hadn't...our valuation would have changed in the eyes of the market, opening up a whole new field of opportunity. We have a moment in time where we're back to being the prettiest girl at the ball and we best play a wise hand. A straight buyout would be difficult for both parties to come together on, a JV makes good sense to me, if at some point the value becomes a little clearer then you accept a buyout for the balance... Happy New Year!!