Peregrine Diamonds Ltd. PGDIF

Rush KIM5

[oiltar]

They are starting KIM 5 as I expected they would so we might not get diamond grade until early OCT.But its clear they are telling us its the top priority.If the grade exceeds the CH-6 it will ba a material event so its will be disclosed ASAP.

[oiltar]

Kaiser says KIM5 by Sept.So its a 10 ton per hour DMS plant and KIM5 is 22 tons so it wll be finished on Sept 14.So we could get a nice NR before the end of Sept.Grade of 3 to 4ct should give the shares a lift.

[Gauwd]

Oiltar, not sure if your rerad the update or not, either that, or your faith in JK goes beyond platonic, btw, JK has yet to make anyone a dime on PGD, if you follwed his advice on this stock you would have penned him a poison letter years ago. It is very clear from the company that there will be no diamond results from the bulk sample before January, for those of you to lazy to go and look, here

[cudjo]

Thanks G-Man, think you nailed in, January.   Oiltar has clearly demonstarted that he is a pumper dumper, think about it, he is pumping KIM 5 results, a biggy coming in September, now he has to say October, so much for his little birds.  That isn't going to happen.   IF he isn't pumping and dumping and the guidance from the company is what ACTUALLY happens, then instead of

[xDeBeers]

In places with regolith (soil) diamonds are concentrated on top of the kimberlite/lamproite. The Marsfontein dike in south Africa was running at 3000 carats per hundred ton (CPHT) at surface only. Unfortunately glaciers have stripped this enrichment away at chidliak. We assume the same facies (distinct geological parts) have homogeneous diamond grades. What we do have is kim 5. This could be our

[Kodiboy]

Ok, I guess I could jump on the bash the James bandwagon for looking like he was wrong about dates, but I won't.  What I think he is really saying concerns the rest of my post, but who knows, just being a little bit of a devils advocate for him... What I would like to do is find out from someone who might really know, concerns James statement that if grade of Kim-5 was like a crazy grade

[Gauwd]

Kodiboy, go to the NR, it tells you everything you need to know, there will be no results from the winter bulk sample until January, nothing early, final processing of the sample to a concentrate on or before Nov 30, final diamond recovery expected early January, results after that. They will not process KIM 5 to a concentrate, and then do diamond recovery just for KIM 5 in the next 2 weeks

[Kodiboy]

Gauwd, I understand, my question is just this, is the company required to announce any outstanding grade results immediately, as material, as James has suggested "could" be the case? I don't believe so, but I'm not sure and thus I am asking...

[Gauwd]

Kodi, answer is in the NR, they will not have ANY grade results on ANYTHING from the winters bulk sample until January.  Processing of the concentrate won't start until November, nothing material could possibly be reported before the samples are processed. "The company expects processing of the CH-7 bulk sample to a concentrate to be complete on or before Nov. 30, 2015"  

[xDeBeers]

We don't have a traditional diamond enrichment zone at CH-6 but kim 5 is a reasonable facimile. This will help a great deal with mine economics. I understand the financial types in suits like to get their money back faster at the start of the mine life. So many $ in such a small volume of rock at kim 5 -if the latest results confirm previous results.