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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 robybobon Jul 05, 2018 6:41pm
76 Views
Post# 28275170

RE:RE:"Full Technical" Report - Thought

RE:RE:"Full Technical" Report - ThoughtSchorcor, sorry if I put words in your mouth, not my intention, but you have posted here that you would be okay with more rights, that is what I mean by More of the Same.  

If your position has changed, perfect, I concur, people change thier minds, myself included.

To your "great project" comment, this project will only be "great" if they partner, if they continue down the path of all by myself, there will be too many shares to ever make it great.

You said it your self, 2 to 3X more tonnes to make this a mine, 20-100 million more needed to FS.

Even in 20 years, if they do this alone, you won't be ahead, and you won't be here, lol.

Parking your money that long for no gain is laughable, unless you have more than you will ever need now, and if you did, I guarantee you would not be on SH.

I agree that we will know what the brothers intentions are by/after the Sprott conference.

It is my opinion that Sprott will give me a chance to dump the rest of my dime rights shares at or around 17 cents, before another rights. 

Then my decision will be, do I use that profit, to participate again, hope that the sp will rise 30/40% above the strike price, so I can dump those at a profit and attempt to get back to close to even.

If that happens then I will sell out and will never look back. My money has been parked too long here. Share price IMO will be then doomed, not the project.

I am 90% convinced the brothers will not, or can not, agree to terms with potential partners and they are attending Sprott to boost the profile, raise the sp briefly, then slam it with more destructive financing via another rights.  

In all likelihood, back stopped again by Sprott.  Why they would do it for another potential 23K and more worthless warrants is a question for another day, if it happens.

I could be wrong, I hope I am wrong, we will know soon enough.
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