Peregrine Diamonds Ltd. PGDIF

RE:capitulation

[oiltar]

Your wrong I have never gave up on Chidliaks gelogic data.I simply state my opinion that I" THINK"
the road  might be giving pause to a partner to fund Chidliak. $8 million is chump change to a major diamond producer yet no one he stepted in YET.To make matters worse SWY and MPV are not living any were near the FS.PGD points this fact out in its corp presentation.Snap had to be closed and JK states that diamond JR investing is not investible because the market will not give a proper valuation to PGD.Now should we tar and feather JK who supported PGD a hell of a lot longer than me?No JR investing is risky and things and market conditions are fluid and changing all the time.

The issue of the road funding will need to be addressed before we can even talk about funding a mine.THATS A FACT.

No one here can dispute that the pace of Chidliak moving to a mine has slowed big time with no winter program and now a scaled down summer program that has clearly pushs out the time frame well further into the future and the 4 yr time frame Eric gave me near 4 ys ago in not going to happen.Tom even moved that time frame to 8ys on the NOV propaganda interview of a major $15 million 2016 winter that never happened and thats when Tom moved out the time frame to 8 yrs.

Now some "wise" men her will tar and feather me for this opinion. But I can not change the facts and if you want to tar and feather some one then do it to the management of PGD who let their sharholders down.Blame those who issued shares from 40 cents to 20 cents,the proceeded to issue more shares from 20 cents to 10,and you will find your answer to the question why does a in situ value on its way to $5 billion trade at 16 cents?

Then ask if NWT would not build a road to supply 4 diamond mines at Lac de Grass, Why would NVT do it for one mine?We could argue QB did it for Renard but the tax paying population base is thousands of times as big as NVT.In the Chuck Jeaness interview he points out the free ride on the public road lowers cap X and increases IRR.

I stated my view that PGD is dirt cheap if it can get road funding,but dead money if it can not.As a steward of my own capital who for over 5 yrs have no gain on my PGD position then does it not require me to change my mind on my invement if other uses for that money offer a gain in another project?

Yes... who can fault me for that.Most JRs never make to to a mine thats a fact investing in JRs.
So let me make my self clear if PGD gets a proper funding on the road issue I will then increase my position in the shares.I still hold some PGD just not as much.

No one should sell PGD based on my posts here as "I think" the SP has reflected PGD as a no go already unless you see a better idea for the money.But if you like me did not make any money on the PGD invesment then you can not fault me. But if you want to find some one at fault get a mirror.

I can not chage facts that are this project is not open for and ice road and private money will be needed if NVT does not a see fit to build a road to a non govnt entity when its town runs on diesel generators.