Peregrine Diamonds Ltd. PGDIF

Is PGD up for sale?

[oiltar]

From: james flannigan	1/6/2017 10:14:00 AM
	of 14395
I think the market has missed the past few comments by TomP and now the NR this week were PGD is in talks with other diamond producers.Tom stated last months in an interview were the PEA has the attention of industry players who view PGD as a "growth platform".A growth plat form only comes with a sale of PGD as a 50/50 JV is smallish to Canadas other Diamond majors.Now were get confirmation of talks are being held with diamond producers who we can conclude is looking for a growth platform. Then JK states that Chidliak is too small to attract a JV by a major a few months ago.Well in the eyes of RIO DDC or DBC a phase one mine with 1.2 million cts JVd at 50/50% is only 700,000 cts per company in any JV.This is too small for RIO or DDC or DBC. But on the other hand a full ramp up of 2 million cts per year is a bite size strong crash flow it you owned all of it with the bonus of no ORR.This would mean that PGD is much more likely for a full buy out rather than JV. Debeers made a big mistake not taking out MPV for say $500 million earlt in the game and get the full 4 million ct production rather than a 2 million ct from GK.The cost to take over MPV now to get the other 2 million cts would now cost $1.5 billion to get Desmond to sell.As its turns out instead of Debeers making a pass on its $2 billion investment in Snap they could have bought MPV for a fraction of that and gained a 4 million ct mine production. So with the new Chantal position who PGD points out to a key to the sale of PGM.And given the fact that TomP told me he could not finance a mine at 25 cents it clear to me PGD is up for sale. While a JV is always possible it seems to me an out right sale may be in the works as PGD is in a very similar postition just prior to the PGM sale to Still Water.The track rescord is the F bothers are mine finders not miners.I suspect that will be true in the case of PGD. At any rate I feel we are about to conclude the final chapter of the Chidliak story A JV or sale of PGD will result in capital gains off this current price.

[griefman]

I guess as an investor and wanting to pay as low as I can it would be great if all the experts in the field didn't notice Toms comments, but I find that highly unlikely and wishful thinking to boot, but if you think that's why it's still under a quarter because y'all smarter than everyone else, wellllllllll.

[ekim]

Wishful thinking maybe....but even though the news release was much more clearer on the discussions going on over the small paragraph in the earnings report...it is still half way down the news release and the news release title has no relation to that part of the news release. They may still be trying to put the silencing cone on the retail market. LONG...PGD EKIM

[griefman]

I don't think this will be an outright buy out, but JV or some kind of other financing (obvious) is in the works.

[oiltar]

ekim the company has multiple CAs and is trying to alert PGD shareholders to expect some kind of a deal but not trip a breach of the CA. This is very likely the last window of cheap PGD stock.Over any weekend a deal could gell before a Monday open. Then the window is shut and a share chase starts for those who did not see what Tom was trying to tell them. With multiple diamond producers in PGD

[Kidlapik]

I wish I got a nickel everytime james said "last window of cheap PGD"

[pennyoilking]

PGD is going to pop soon. But I also expect a JV and not a buyout especially after bringing the connected broad back into the equation.  In a JV situation Tom will also be able to handle 2 companies with vast potential a lot better.

[Silverwhere]

Would be most awesome if those were US nickels. I could use way more of those.

[ekim]

Multiple CA's I agree. The news announcement about multiple players in the game wasn't not just for the public...but also a negotiation tactic to tell each player...that they are not the only one. Whether that has any clout...no idea. LONG...PGD EKIM