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"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."

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GREY:PGDIF - Post Discussion

Peregrine Diamonds Ltd. > ROLL BACK ?

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Post by oiltar on Jul 20, 2016 2:27pm

ROLL BACK ?

Got to wonder if PGD does a roll back of shares? They can not gain any traction

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Comment by ekim on Jul 20, 2016 3:16pm

Rollback doesn't solve Friedland's 20% + Security restriction rules. That stays in tact. LONG...PGD EKIM

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Comment by Kodiboy on Jul 20, 2016 3:50pm

Roll back = price dilution....which is better, stock dilution or price dilution? Cant see it yet...

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Comment by ekim on Jul 20, 2016 4:30pm

An all paper deal with DDC would make the number of shares outstanding totally irrelvant. It is just a question of value of DDC shares in exchange for value of PGD shares. LONG...PGD EKIM

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Comment by Kodiboy on Jul 20, 2016 4:48pm

Yes, of course you are correct Mike, but I don't think thats what James was alluding to...

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Comment by ekim on Jul 20, 2016 5:22pm

I know Kodi. But if a paper deal with hypothetically imminent...there would be no point in contemplating a share consolidation to begin with. LONG...PGD EKIM

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Comment by Silverwhere on Jul 20, 2016 8:33pm

Also, announcing a rollback now would be viewed by the market as meaning no deal will take place anytime soon, compounding its adverse effect on share price.

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