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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. > CH-6 Underground expansion potential
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Comment by mill44on Mar 13, 2017 3:40pm
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Post# 25972955

RE:RE:RE:RE:RE:RE:RE:RE:CH-6 Underground expansion potential

RE:RE:RE:RE:RE:RE:RE:RE:CH-6 Underground expansion potentialNo, risky for them, possibly ok for small shareholders. They said that they were in talks with several parties. I assume the talks went nowhere because the price was too high. People keep talking about how Chidliak's numbers are better than anything else around.. With a rights offering at a discount, 15c or under, at least 50M new shares would be issued. How many  shares and rights would come up for sale because of that? Not to mention the supply on the way up to 30c after. Do you really think that those interested parties would not use an opportunity like that to try to get at least 5-10%? Why would the Friedlands risk that? Might as well do a PP,  the bulk of the money would have to come from them either way. Or a loan from Robert, with 7-8% interest.
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Dealroom for high-potential pre-IPO opportunities