Peregrine Diamonds Ltd. PGDIF

Do not rule out a bid by RIO

[oiltar]

For DDC:

From: james flannigan	2/23/2017 1:07:10 PM
	of 14594
Now that Bell is out I have to wonder the "in bound interest" that DDC had last year by a major diamond producer was or still is RIO.IF RIO does not get more inventory its Diavik mine is shutting down in 2023 and that results in RIO out of the Canadian diamond production business.With RIO on record of wanting to expand it diamond business a large project is likely its target.I had heard rumors last year that RIO was in fact kicking the tires at DDC.Patrick Evans with the hostile investors wanted to get a change with a view to consolidation in the Canadian diamond business that Patrick said was going to happen. So we must at least question if the weak share price of DDC could bring a bid take direct to shareholders by that "in bound interest".The stock buy back has failed to produce capital gains for DDC shareholders who would likely tender to a $17 bid.

[greex27]

Thanks Oil...You may have confused the DDC board and the PGD board. The title may still prove to be relevant to this board...we'll see. 

[ekim]

Rio could make a big push if they wanted to....including Chidliak. Rio can never get to where Alrosa and De Beers are...but they have the clout to be a strong 3rd player with the rest of field far behind. LONG...PGD EKIM

[mill44]

It is all about how they see the faltering demand in diamonds. If they consider it a temporary weakness, then this is the time to push harder and secure the supply. But if they think that it's the trend, then they will be ok with having no irons in the fire. They were ready to leave the game once already but reconsidered. Since then the situation has changed and not in favor of the diamonds

[griefman]

Mill, as a current SH, you must believe it is not just a trend, because you still believe, by holding on to your position, that it is indeed temporary, yes, no?

[ekim]

Watch the 10 minute clip by Bruce Cleaver from recent quarter. Unless he is lying, it is quite clear that he says that 2016 was a significantly better year for diamonds then 2015. LONG...PGD EKIM