Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Peregrine Diamonds Ltd. PGDIF

"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

Comment by cudjoon Oct 27, 2017 11:02am
94 Views
Post# 26868114

RE:RE:There is NO funding for PGD

RE:RE:There is NO funding for PGDthey will be broke soon and shareholders will not be able to fund anything unless deep pocket bro kicks in and partners, or the results from the summers program convince the "sideline" company who they "thought" they had a deal with last fall are enough to convince "that" corporate to come on board.  On the new corporate presentation, strange it is out before any results from the drills, could just mean they will update it, or could mean they do not expect much more from it at all. Not sure if any interest will come from the outside to mine underground based on what we have seen, considering the extra costs involved to go underground. Everyone needs to remember, they could not sell the last PEA, unless drills suggest outstanding diamonds, the next PEA, that will have an underground component won't be sellable either. Note the timelines and the 'pre feasability' starting - possibly Jan, they will need 30-50 million for a FS, they will be flat ar$e broke come January.  It is obvious that a white knight is required, and the new presentation kinda looks like a fishing expedition, or this is dead money, the bros can park it for the next 10-15 years if they want, if so, dead money, kinda like what it has been for years now anyway, unless you play for percentages only.  Will be interesting if they announce another financing before the end of the year, they surprised shareholders before, may try to ride any sentiment from retail longs that drill results will spike sp, remember your history.  Good luck.
<< Previous
Bullboard Posts
Next >>