Peregrine Diamonds Ltd. PGDIF

Short Positions for PGD

[justanormalguy]

Fyi, short positions for PGD for last year.

If anyone can post the net house positions for say the last 6 months, it would be appreciated. I'm mostly interested in RBC and MS.

png;base64,iVBORw0KGgoAAAANSUhEUgAAAGQAAABkCAAAAABVicqIAAAABGdBTUEAALGPC/xhBQAAACBjSFJNAAB6JgAAgIQAAPoAAACA6AAAdTAAAOpgAAA6mAAAF3CculE8AAAAAmJLR0QA55TjVOkAAABNSURBVGje7dAxAQAwDAOg+He4o3dtzEWeggTyCjIF2YLo0qVLly5dunTp0qVLly5dunTp0qVLly5dunTp0qVLly5dunTp0qVLl667XR+qxAaXO5sQswAAACV0RVh0ZGF0ZTpjcmVhdGUAMjAxNC0wNS0xMVQyMDo1OTo0MC0wNDowMIDBIjIAAAAldEVYdGRhdGU6bW9kaWZ5ADIwMTQtMDUtMTFUMjA6NTk6NDAtMDQ6MDDxnJqOAAAAAElFTkSuQmCC");">

Symbol	Report Date	Volume	Change	Shares Issued	% Float
T : PGD	2016-09-30	58,500	5,000	339,325,905	0.02
T : PGD	2016-09-15	53,500	-2,695	339,325,905	0.02
T : PGD	2016-08-31	56,195	-3,805	339,325,905	0.02
T : PGD	2016-08-15	60,000	5,800	339,325,905	0.02
T : PGD	2016-07-31	54,200	-153,000	339,075,905	0.02
T : PGD	2016-07-15	207,200	148,654	339,075,905	0.06
T : PGD	2016-06-30	58,546	-9,726	339,075,905	0.02
T : PGD	2016-06-15	68,272	15,172	339,075,905	0.02
T : PGD	2016-05-31	53,100	29,600	339,075,905	0.02
T : PGD	2016-05-15	23,500	19,500	339,075,905	0.01
T : PGD	2016-04-30	4,000	3,000	339,075,905	0.00
T : PGD	2016-04-15	1,000	-9,414	339,075,905	0.00
T : PGD	2016-03-31	10,414	9,751	339,075,905	0.00
T : PGD	2016-03-15	663	268	339,075,905	0.00
T : PGD	2016-02-29	395	-2,698	339,075,905	0.00
T : PGD	2016-02-15	3,093	-1,520,653	339,075,905	0.00
T : PGD	2016-01-31	1,523,746	1,162,546	339,075,905	0.45
T : PGD	2016-01-15	361,200	65,378	282,663,598	0.13
T : PGD	2015-12-31	295,822	161,322	282,663,598	0.10
T : PGD	2015-12-15	134,500	134,500	282,663,598	0.05
T : PGD	2015-11-15	0	-1,500	282,663,598	0.00
T : PGD	2015-10-31	1,500	-120,000	282,663,598	0.00
T : PGD	2015-10-15	121,500	113,500	282,663,598	0.04
T : PGD	2015-09-30	8,000	7,300	282,663,598	0.00
T : PGD	2015-09-15	700	100	282,663,598	0.00

[cudjo]

unlike the past, it would be risky to short at this point IMO.  The company is way too quiet.  Before PEA, there was a great deal of expectations, rumors and actual trading, right now, unless a large position decides to bail, because of a very quiet management group, which is possible, no good reasons to short.  Put a buy in at a price to take advantage of any bailing and wait for

[griefman]

I want to be able to sleep at night without the worry of what ifs and when ifs, and thus no matter what happens, my health and welfare are more important to me than making money, so I'm completely out of Pgd. For the longs who can muster the fortitude to stay the course, I truly wish you a good payday in the end.  If I am wrong, so be it, life will go on... If, if we see more paper

[greex27]

Agreed. The SP reflects the downside much more than the upside, a discounted offering will pull us back down and that's a real risk...If the market felt like a JV or buyout was imminent we'd start to creep up but the past has suggested that the downside of what PGD might decide to do is greater than any upside. I think PGD will look at debt as a downside option vs a discounted offering

[robybob]

interesting greex, borrowing the 15 mil wasn't top of mind, would any bank consider this with just the PEA?

[greex27]

I'm not well versed on resource lending and who'd be a good fit or not and on what terms. What I think you could find is a fund or an investor group that would lend the money for a couple of years on terms that would allow for possible upside on default. If traditional lending is available to PGD obviously the terms would be superior. If you believe in the asset you'd feel secure in

[robybob]

hmmm, maybe some time for debt, 15 mil against the potential 2 bill.  Any bankers in our midst?

[griefman]

Why would they go the route of borrowing the funds when they can increase their position in the company without having to borrow the entire amount?  Again, ride on the coattails of the retail or little investor and pick up the crumbs for next to nothing and be in a win/win situation.  More paper or JV, take your pick?

[ekim]

discounted offering is limited into what they can raise. Straight up as easy as pie..they can do a 1/4 rights offerring and get 46% (friedland's ownership) of that guaranteed only...all at a discounted price. 340 x .25 x .46 = 39.1 million x discounted price (14 cents?) =  $5.5 million. Last I checked, 5.5 million is less than 15 million. That is the #1 reason to not do a discounted

[griefman]

Mike, sorry for my lack of education, but are you saying that legally Pgd cannot do a discounted rights offering to raise $15 million to benefit the brothers % of the company?

[ekim]

TSX rules that came in last fall or the fall below allow for a 4 rights for 1 share offering (25 dilution basically) with basically no questions asked. Above that and they have to go through special hoops..get permission from the all the securities exchanges, etc. , etc. The system has been set up for quick and easy discounted rights offerrings within limits. It is these limits that I talk of

[griefman]

Mike, I really appreciate the time you took to explain, remind us, of the new rules in lay terms, thank you!

[ekim]

No problem. It is taking a while...but we will definitely see more of those rights offerrings in Canada as companies realize what is available to them. LONG...PGD EKIM