Bullboard - Stock Discussion Forum Peregrine Diamonds Ltd. PGDIF

Metals & Mining Industrial Metals & Minerals

"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."

Add To Watchlist

GREY:PGDIF - Post Discussion

Peregrine Diamonds Ltd. > I told you so about DDC

View:

Post by oiltar on Dec 29, 2015 7:53am

I told you so about DDC

From: james flannigan	12/29/2015 7:51:13 AM
	of 11849

I told you so, they want to fire Gannicott and Bell because they ignored the chance to do a deal with PGD.The new board will meet with Eric and Robert as they have put out to the market they want a miner to enter the project to build the mine.I suspect Eric went to PGD but was shown the door.But with the clout and connections Robert has,he is very likely active in trying to bring in a mine operator to Chidliak.I was told by the big guy he wants a mine operator to partner with PGD.DDC is in the running: FP/wire say K2 Associates targets Dominion Diamond 2015-12-29 07:22 ET - In the News The Financial Post reports in its Saturday, Dec. 26, edition that an unnamed source says K2 & Associates plans to ask for several seats on Dominion Diamond's ($14.03) board at a meeting with the company planned for early January and will seek to put forward its own slate of directors if it cannot oust the miner's chairman and its chief executive officer. A Reuters dispatch to the Post reports that K2 said in a filing last week that it believes Dominion's policies have hurt its share price. The group, according to the source, are unhappy with the performance CEO Brendan Bell and chairman Robert Gannicott. On Thursday, Dominion announced the surprise resignations for "personal reasons" of two independent board members -- Dr. Fiona Perrott-Humphrey and Ollie Oliveira -- who have a wealth of experience in the mining industry. BMO analyst Edward Sterck says he has no reason to doubt the company's statement, but added that the timing is likely to lead the market to believe the events are linked to the pressure from activists. K2 has cited concerns with Dominion's corporate governance, business strategy, capital allocation and other issues. Dominion's stock is down some 40 per cent since early June.