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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 Apr 25, 2018 9:21am
57 Views
Post# 27936779

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Institutional buyer

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Institutional buyerdrinking the bros koolaid mil, when a company discounts 50% and issues, not once, not twice, but three times, hundreds of millions of penny shares, it is dilutive, call it anything else, that's fake news, period.. When they were at a 60, 80 - a buck, PP to institutions would have ment tens of millions of new shares. Massive difference, simple, dilutive. Pompoms will say they had no choice, market is terrible for diamonds, bull, not terrible for good projects, the bros just want to have control is all.  This company destroyed the share price with 3 discounted rights offerings and now have close to 500 million shares, now we need 50 million to raise for a FS, so, IF at market, means close to a billion shares outstanding, and with nothing but a HOPEFULLY/EXPECTED bankable feasablilty study in hand. Then either a massive amount of new shares or a half a billion or more of debt, if a bank will even loan, just to start to dig........I  okay, you can retch now..... IF that is the direction this goes, paper tiger that will never be tamed without a big roll back. Project is good, management and ownership has credentials, it is just a paperweight. Partner now is the only thing that will give retail longs anything to cheer. Good luck.
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