Peregrine Diamonds Ltd. PGDIF

Debeers

[oiltar]

Will return to Chidilac with a take over of PGD now that GK has its ducks in a row.A bidding war between DDC/RIO and Debeers  could erupt at any time for the CH-6 prize.

PGD would not give Debeers a free look but they have it now before their eyes.That is a very strong motive to open up a new diamond disctrict to dovetail the closer of Victor.Some of the Victor plant could be moved and reto fit to the Chidilac site.

[rob1237]

i think Debeers walked away causePGD is 14 cents...good call on their part...they know its going no where.  Kaisers record speaks for itself...high spec juniors all worthless now like PGD

[mill44]

DeBeers is caught up in internal politics. Anglo is a public company that has to do what's best for the shareholders. So they cut spending, maybe buy back stock and increase the SP. Cannot afford to gamble. The CEO cannot sell big spending without instant return, so no PGD. That's it. If PGD turns out to have been a mistake, that will be after collecting big bucks, options and bonuses for

[Longinvestor123]

Kaiser said buy Probe Mines. Not sure how it has done?

[mill44]

Would have been a nice buy a month ago. Now it is overextended in all timeframes. Keep an eye on it, let it rest a little. But pullbacks as long as the trend is solid.