Peregrine Diamonds Ltd. PGDIF

premature conclusion

[10moving100]

I now believe that mgt. has insight into the bulk sample, results are not in line with expectations, chidilak is currently to small and remote to be economic, focus is turning to Botswana, and they will have the funds to advance Botswana at the expense of share holders that supported Chidilak. 

Lac de Gras to Baffin Island to Botwasana = ?, evolution? 

Markets are not that diffrent from a game of poker, odds favor the house/insiders.

I'll get back in at 10c and hold for the next round of hype...

All the best, and only invest with disposable income!

[greex27]

I will play devils advocate... No free look for DeBeers, no free look for shareholders. If we don't exercise, Eric et al, increase their position...of what they know? If you assume they don't know, then it's prudent to raise money before the unknown is known. I suspect they know what they have but must react as if they don't, based on the SP and no backstop they are making it hard

[mill44]

There is no need for money in Feb. You don't need to give people more reasons to use your shares for tax loss planning. There was no real danger that the SP would crash before the valuations. They are the major shareholders, if they buy the rights, the offering is successful. As you can see, there are cons but no benefits. So what's the panic? Why a 10c offering? You can play any advocate

[Kodiboy]

Mill, how do you know there is no need for money in Feb?  

[greex27]

There is no need for money in February...okay, I agree. If the results are so so, when is it we'll see anything that will move the market to a better time where it will be easier to raise funds? If you assume the results are poor, therefore the PEA is poor and we have very little money left over to make an impact where PGD can recover. If Eric et al funded this themselves you'd be crying

[mill44]

Greex, if they want to keep it legal, there will be collateral damage, some will benefit with them. Until they decide that it is time to take it all and privatize. Because they will have to. At one point there will be little money coming from the masses, most of it will  come from them. At that point it will make more sense for them to get all of it. If all the risk is theirs, they might as

[mrrbc]

Mill, are you out? Or are you hanging on? I'm in. I'll subscribe at least half of my allotment. Let's see the results through Jan...it'll tell us enough about what the PEA is going to look like. Hey, I'm not deliriously happy...but this is the game.

[Kodiboy]

mrrbc, maybe he will answer you...

[mill44]

Out of what, Mr? What's left to sell? I have been here for the last 2 financings. With my  luck, every time there is something to undermine my better judgement.

[Kodiboy]

Mill, again, how are you so smart now and not before when you SAID you were long, or did you EVER, say you were long?  Are you?

[greex27]

I don't disagree however we're all in the same boat today so we have to play the ball where it lies. If we do our part then the minority doesn't lose ground. If we don't, we lose ground and we run the risk of getting run over. I don't believe PGD is going to mine Chidliak so I feel like we're at or near the end of the line anyway. PGD will continue to improve the resource

[mill44]

I agree, Greex, 10c cannot be bad for this play. If you are new, jump in with 3 feet. Mortgage the house if you have guts. The worst case, they privatise at 30-40c. If your average is 12-14c, that's still a win. But if you are a long, a real long like Gauwd and Alberto, there is very little in the future that says that you will ever see your money again. And if anyone is wondering what the

[Kodiboy]

Holy cr&p batman? Mill so smart yet so poor. What about all those .21 PP shares snapped up, are they not immediately destroyed by the same people who snapped them all up and saved this company? What are they thinking?

[ekim]

Depends on if they want to trench CH-44 in the feb/mar/april timeframe. IMO, they didn't have enough $$'s to complete that work...now with the end of January timing of financing...they probably do. Trenching is a lot cheaper then the RC drilling...I just don't know how much cheaper. LONG...PGD EKIM