Peregrine Diamonds Ltd. PGDIF

All done

[angryolman]

They got their money. Now, let's see if they spend it wisely. GLTA

[mill44]

Even if they get the full 7M, what do you think they can do with it to make a significant impact? My hope is that someone will show interest and that the participacion in the financing convinces the market that PGD has to be taken seriously. Waiting for more results will not get us too far.

[cudjo]

Seriously doubt they will get the full 7.  Almost 10 million rights being offered, zero bids.  Retail will bail, and if they pick up all the rights in the floor, which I doubt, the burn rate will require more financing at lower prices.  7 didn't cut it, if the PEA is not delayed it will hardly be sellable as there isn't enough diamond yet.  Rights are worthless and this

[mill44]

It is not so clear cut, Cudjo. I don't think that if I put another 10k in this it will convince the market that there could be something on Chidliak, but if the Friedlands put 4 more million in, that might make a difference. The market knows that there are diamonds on Chidliak, where the doubt comes in is if they will ever leave that place. You have to take in consideration that the people

[myview1]

Mill, that 7 Mil. will be gone soon, once all the bills, salaries, processing fees and the cost of the rights offering are paid. what is left will be needed to keep the doors open.

[mill44]

I agree, the 7M won't save them if that's what they were counting on when they did the financing. So why did they do it? The closing could give us an idea. Now it all depends on what conclusion will the market draw. It's worth a gamble.