Peregrine Diamonds Ltd. PGDIF

RE:RE:RE:Like Diamonds - PGD is a story of survival and growth

[mill44]

Charni, the DeBeers perspective is right, in my opinion, too. They were going through restructuring at that time. But that's the last thing that was acceptable when it came to the minority shareholders. The rights offerings helped the company survive. The pricing got us where we are, not the rights offering. And when a major stepped back because of the market conditions, other companies issued a release stating that it was not due to the project. PGD had a dry announcement that DeBeers decided not to go forward. That's it.
I am not accusing anyone, just stating things. If you look at the whole thing objectively, you can see how it was not in Robert's interest to move the project forward with his money and to preserve the SP. Management did everything by the book. The only thing you can say against them is not doing anything to save the SP. The pricing of the rights, the timing of the financings and so on, they all led to a huge pressure on the price.