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Peregrine Diamonds Ltd. PGDIF

Metals & Mining Industrial Metals & Minerals
"Peregrine Diamonds Ltd is a diamond exploration and development company with interests in diamond exploration properties located at Nunavut and the Northwest Territories in Canada and The Republic of Botswana."


GREY:PGDIF - Post by User

Peregrine Diamonds Ltd. > Do not rule out a bid by RIO
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Comment by mill44on Feb 23, 2017 1:41pm
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Post# 25884122

RE:RE:RE:Do not rule out a bid by RIO

RE:RE:RE:Do not rule out a bid by RIOIt is all about how they see the faltering demand in diamonds. If they consider it a temporary weakness, then this is the time to push harder and secure the supply. But if they think that it's the trend, then they will be ok with having no irons in the fire. They were ready to leave the game once already but reconsidered. Since then the situation has changed and not in favor of the diamonds. Demand and prices of minerals that constitute their core business rebounded and the future looks good there. In diamonds, it remains to be seen.
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