Peregrine Diamonds Ltd. PGDIF

No worries guys

[ekim]

I'm holding tight..but that is obvious.

The company is actively looking and I assume considering several alternatives to cash the project up.

We may have already heard from them by now (possiblity...doubtful though)..but I suspect we are delayed indefinately from hearing anything until the royalty is cleaned up....not sure how long that will take...weeks, months.

If Peregrine were looking for a hypothetical partner who wanted 49 or 51% of the project...that royalty in flux issue is a bit of a snag.

If Peregrine can get the royalty it will be in a better position to look at the alternatives.

LONG..PGD

EKIM

[Fivecarat]

Whenever I worked for a company or boss who kept their employees in the dark, it was inevitable that a level of paranoia crept in throughout the organization.  This situation feels similar and its unsettling and reeks of poor management procedures. It's to bad really, that they cannot, or are not willing to kept SH informed to the extent they are allowed to. Not sure Mike why you believe

[ekim]

Don't intend on doing all due diligence for everyone. Y'all have the right to ask questions direct to Peregrine's mgmt. Fivecarat - If you are so left in the dark...why don't you phone or send email's to Peregrine's mgmt asking the questions you desire. They are mostly responsive...and if they are not responsive...they probably have a specific reason to be that way

[Kidlapik]

I am lost. What news was to be expected in this window in time? CH-7 bulk sample results and valuations are pivotal. That is what could push this up. Diamonds are not like other metal deposits, knowing diamonds are there is a step, knowing the grade of diamonds in that deposit is a step and knowing the average value of those diamonds in that deposit is a step. With CH-7 we know there are diamonds

[ekim]

Hey Kidlapik. I agree with you CH-7 is critical in knowing what we have. Based on my meager NPV calculations...even more material is maximum conversion of all TFFE material to Inferred for CH-6. The summer core drilling could be adding $100 to $200 million to NPV...which is about the same as what CH-7 may be adding..although, like you said, we don't know enough yet. The  $$'s I'