Peregrine Diamonds Ltd. PGDIF

RE:Todays Price - Focus Moving Forwards - Partners

[cudjo]

basically more of the same and or expected.  I was wrong on my thoughts they would have announced the micro with a resource update, but basically results are in line with expectations, voilia, low volume and a half penny drop.  Been wrong before and will be again, but discussion is never about right or wrong, that is emotional and has no place when investing.  The micro diamond result is fleshing out an underground senario with all those costs, doesnt change the cheaper extraction of the top, the expectations that another 7-10 million to raise to do a winter trenching program is a heavy burden, the assumption that the bros will not give up much to gain a partner is a heavy burden, and the paper, and expected millions more in the short term is heavy heavy heavy.  Those are a few reasons zero institutional interest etc.  Not to menton FS costs etc. The green diamond is interesting and the first time a fancy, very tiny broken fancy, has been actually acknowledged.  That sets up for a lot of fun here IMO. Find more fancies and it changes the game . What will be interesting for me is too see if this will be enough for a Sprott to backstop the next financing, get involved by owning and possibly start to promote pgd. As for partner news, they still need more diamonds IMO.  Good luck to all.