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. > no volume

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Comment by ekimon Jul 17, 2017 3:21pm

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Post# 26477961

RE:RE:RE:RE:no volume

Yeah. Pending results..ie. intersections at depth..their may be very little rights available.

The brokers in America will do anything possible to sell the rights in those accounts for cash assuming there is a market for rights.
Those brokers would sell to Canadians over the market who then could exercise the rights.

I would not assume that the log of American investors would create a big pool of rights available. It could if there is no liquid market of the rights.

However, there will be a few PGD holders in Canada who willfully or naively ignore the fact that they have rights in their accounts and those would go into the pot...unless there are some proactive canadian brokers.

...and speaking off...the bids at half penny just went up 3 million in size.

Anyone on Level 2? I would suspect that is 1 single bid at 3 million rights.
Someone willing to buy about 1 million shares at 11.5 pennies.

LONG...PGD

EKIM