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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. > discounted rights offering
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Comment by mill44on Feb 20, 2018 12:22pm
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Post# 27587952

RE:RE:RE:discounted rights offering

RE:RE:RE:discounted rights offeringThe market is already spooked by previous rights offerings. Te likelyhood of a deal with a third party diminishes with each of them. They have to start taking steps toward building a mine and Robert is not going to take this close to one then give it up.
They migt be waiting for retail to capitulate, let one of their friends like Rick Rule pick up 10% in a rights offering then just take it private. They need a bigger shareholder to support them or propose it so they can keep their vote.
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