GREY:PGDIF - Post by User
Comment by
shnepson Dec 17, 2017 7:16am
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Post# 27173142
RE:RE:I have a bad cold and I'm bored,so............
RE:RE:I have a bad cold and I'm bored,so............Only reason I say the decommission equipment would be relevant is if DeBeers were to be the JV partner. Who knows if DeBeers has been accumulating shares over the last three years. They are a private company and have no reason not to build their holdings up to the 9% without disclosing. Peregrine has stated they separated amicably, including using the DMS in Sudbury (after the JV split), sponsoring them as the only junior explorer on the Canadian Diamond Bourse. Tom has stated they speak regularly with DeBeers.
There are many computations that could present themselves when it comes to what happens next. If Peregrine proceeds with the trenching and DMS plant I believe this will force their hand, due to financing needs, to see what the future holds.
Fingers crossed.
They don't provide alot of food for fodder that for sure.
Cheers