Peregrine Diamonds Ltd. PGDIF

RE:RE:KDI results out in 2 or 3 weeks

[mill44]

Kidlapik, I don't think that the market cares enough to compare PGD to anything. If it did, you most likely would be right. I am sure that Ekim is as puzzled by KDI's valuation as he is by PGD's, but maybe he should not be. Dermot spent over 2.5M on the open market just this month to support KDI's price, so it is fair to say that the SP is not really the market's value on the project but his. I would say that PGD's SP is not necessarily what the market would put on the project but what the company forced on the market. Why would the market suddenly care about PGD then if KDI released some bad numbers? First PGD has to come up with 7.5M at a premium to 20c, Then the summer program has to confirm the expectations that CH6 goes to 500M unchanged, then there is the question about how to go forward from there. PGD has a lot of questions to answer and those answers won't come from KDI, but the Friedlands.