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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 Feb 09, 2018 4:01pm
68 Views
Post# 27536145

RE:RE:2.2 mil working cap

RE:RE:2.2 mil working capSedar, see: https://sedar.com/search/search_en.htm

do a search for Peregine, put in a date, and viola, MD&A is there as well, dry read, but full of info, don't remember there being a "community" paragraph in the past, could be wrong.  They have more cash, but suspect that is already called for for the PEA, permits etc.  What is left, or "working capital" wont go far unless Eric decides to loan again, (remember the road) to start a spring program, pretty much run out of time to engage in a winter program, remember the arguments with slippery last year, Nov through to Feb?  Spring is only 6 weeks away.  Any "spring" program is rapidly falling short of time for funding,  Maybe sooner if they announce a partner, but look to the MD&A for clues.  Doubt it very much now, I could be wrong, but don't think the bros have it in them to give up what would be required to ink a deal (sans Ivanhoe).  If they do another rights offering, and IMO they will, the long term retail longs are dead in the water, pretty much up to their noses now, another one will kill the deal with paper.  This stock is already weighted heavily with paper at this stage, another 20-30 million to get through FS at a dime?? or less?? scary....  can you say "roll back"?  IMO, start thinking update resource, PEA, with a share roll back, 10 or 20 to one, between, or after.  Then a flurry of fund raising to get through FS, a gazzlion new shares, but all the longs will continue to say, it is the only fair way.... without a partner...nothing but roll backs and more paper IMO. good luck.
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