Peregrine Diamonds Ltd. PGDIF

I think

[oiltar]

We are going to hear this week about the winter program.
I have emailed DDC many times and told them buying back stock on a shrinking asset base is never going to result in a higher DDC stock price as ore being mined out every day is throwing good money after bad.But if DDC does a deal with PGD soon then the buy back on a growing asset base like Chidliak was the right move in the long run.I think DDC delayed the much expected dividend hike in Sept to go after Chidliak with its free cash flow rather than raise the dividened.If DDC does a deal with PGD its stock price will weaken over the short run and serves cheaper prices to buy back but not for long as the market will value the DDC moves as smart to replace reserves at the same time during a buy back.If DDC does do a deal for Chidliak then PGD will get a whole new list of coverage as numbers would be plugged into the DDC/PGD JV.

Its all good from here.