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Peregrine Diamonds Ltd. PGDIF

"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

Comment by cudjoon Mar 07, 2017 10:10am
169 Views
Post# 25943173

RE:DE BEERS DE BEERS DE BEERS

RE:DE BEERS DE BEERS DE BEERSpossible potluck, don't hold your breath for the year though, still much in front of DeBeers with Snap coinage wise and the budget they announced for 17 was around 30 mil worldwide, pretty small for DeBeers.  DDC stated a while back that they were looking but would not "overpay", fits here, busy spending thier cash buying thier own paper anyway. Regardless, that type of announcement, if at all, is miles out IMO.  What is obvious to all now, I concluded it when they released the downsizing announcement, your welcome, everybody, that "pockets et al" told them they did not have enough.  The Aug PEA recommended bulk sampling to move more to indicated, more core drilling to possible convert to mineral, the pit and environmental studies.  What the 'summer' program, ahem, will be targeting is core drilling, pit and road, bulk sample to move more to indicated shelved.  Now the NR stated a secret study initiated in December - remember the downsizing NR? - is telling them to drill deep and look at underground mining and the study was spectacular, but secret.  So after PDAC, and you may see a bit of buying, PDAC does that, btw anyone following crystal?  After PDAC, slow boil?  Slow roll?  Watch for ops, but then there is Ollie, the consummate contrarian, mils point is a good one, let us see what the financing will be, if a PP and not Robert, a couple of thought there, 40 million flow through shares, look out below in 18 months, discounted rights offering?  Still the fairest considering 40 million plus shares will be added to the float for the summer program, doubt that one though, unless the big guys see an op for more, don’t see any rules of one man or company owning more than 21% do ya? but were in front of ourselves, and oh, remember the padding of the golden parachutes?  Maybe a "tell" in there as well. good luck.  
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