Peregrine Diamonds Ltd. PGDIF

Market is fearing

[oiltar]

Another financing I think.I hope they will NOT do it again before we see the PEA.Thats likely the reson we can not hold over 20 cents.

[mill44]

The good part is, Oiltar, that if that fear disappers, it will act as a huge catalyst. If people waiting for a better opportunity realize that it is not coming, they will be buying at any price. Let's hope that loyalty and patience will be taken in consideration this time.

[MrBigger]

Naw they always run these jr resource stocks up before a financing so they can short back down to the finance price. Look at SBB, CNL, etc. If PGD was running up to mid 20's then I would call financing.

[oiltar]

There is no doubt they will need more money well before year end as they are going to deep drill the CH-6.The market is only seeing it coming and will not run the share price up even though the geologic data is outstanding. With two majors walking away dundee bailing out and two low ball financings the recent data should have sent the SP higher,but  it did not. PGD needs to work on

[mill44]

MrBigger, there is no question about PGD needing money, and a lot. The question is how will they get it. For a JV, a sale or even PP, you need interest from the market. Will they see any? If not, are the Friedlands willing to wait to see some or just put their money to work? As you see, the market thinks the odds are in favor of rights offering.