Peregrine Diamonds Ltd. PGDIF

RE:RE:Eric steps up

[robybob]

Finally some news, interesting that Eric would lend money out prior to financing, I don't think I ever heard of this before, except when discussions were taking place.  

A PP could have been done months ago, same with flow through, but instead we get a million dollar loan, then to expect financing news (deep pocket IMO), loan repaid by end of Sept.

Sounds like more than just a simple financing to me, reading between the lines, they are waiting on an announcement from other parties, then fall into lock step with PGD in my opinion.

Timing wise, Eric had to announce something or the predictions of shelving the summers program would have become louder and he had to support the shareprice, summers tomorrow.

It will be interesting to see action on the sp until we know where money is coming from.