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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 Jul 04, 2018 12:59pm
114 Views
Post# 28267778

RE:RE:Cudjo is it gonna be a .17 cent financing?

RE:RE:Cudjo is it gonna be a .17 cent financing?thanks Irish, in my opinion, this is now the direction we're heading, Sprott as an investor, the conference brings together bankers, juniors, developed etc., and I really don't think they are attending to make a partner announcement, makes no sense if money is secured.  To ekims note, a potential may be waiting for the official PEA, but don't look for nuggets that are not already in the public domain, a potential partner will know everything there is to know now via their DD anyway, if that is going to happen, but I am having serious doubts now.

As to price, Sprott would be looking for a deal, what has the average been over the past 3 months, 6 months, or typically, since PEA, because that is what the betting will be on for them.  Both parties want the best deal if it is going to be a financing.  For longs, the higher the price, the less shares issued, less dilution and longs have had enough, retail longs (see robybobs notes as an example), of dilution, call rights what you will, but it is dilution none the less.  What I will be looking for, and I am still long, is enough financing to take this past a FS that can be taken to the bank, or sold to the highest bidder after it is completed.  If they are just going to back stop another years of kicking rocks around, or what the company has called a "pre" feasabiltiy, which is a joke, get in or get out now, I have my stops in place and a shorting finger ready.  I am thinking a 25 million financing between 15-17 cents, but with a path forward, solid path to a bank or sale, longs have earned at least that. If Sprott gets in "big", then there is the promotional side of it, which is good news, I will stay long.  Anything less, move on forest. A partner? Bingo for everyone.... there is still IVN as well....that would keep it in the family. Big bro is a keynote speaker..... hopefully news soon, and....that will happen..... and give everyone more than just speculation to argue about, thinking next week.  I am heading to black fly country for a while. Happy Independance Day for any of "US" on the board, if I can get some dial up, lol, will stay tuned. Good luck.
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