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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."

GREY:PGDIF - Post Discussion

Peregrine Diamonds Ltd. > EVer happen open before
View:
Post by NoSkynet on Oct 07, 2016 1:30pm

EVer happen open before

Has anything like this ever happened? Let's say ddc jvs with us and as they discover more then ddc buys out the rest of PGD?
Comment by ekim on Oct 07, 2016 3:44pm
At the historical option deal with De Beers. De Beers was going to get a 50.1% ownership directly in the project...but also bought some shares of Peregrine...so technically another venue into the ownership of Chidliak. DDC could partner for 50% and then buy 19.9% shares in PGD shares directly for a deemed interest or leverage of 60% in Chidliak. Beyond that 19.9% they would ahve to take a run ...more  
Comment by indeed12 on Oct 07, 2016 6:48pm
pure wishful thinking!!  Indeed!!
Comment by pennyoilking on Oct 07, 2016 7:48pm
So what is PGD doing now? Are they just gonna hold on until a deal finally comes knocking? With $4 million in the bank they could just sit. Or do they spend half of that and do some exploration?
Peregrine Diamonds Ltd.