Peregrine Diamonds Ltd. PGDIF

Would Debeers not have plans since

[Irishpotluck]

Snap Lake is flooded i think an important fact that time is money....So would it not be feasible to put Snap Lake equipment at site for DO 27.....and hope through more exploration and follow up of two other kimberlites.....i see the claim as one of the few left in the area with good chance for future exploration. 

GLTA news is certain to flow soon as its so late in coming.

[ekim]

We are definitely in a shortened window for money news. About a 9 week window to go. KDI just released annuals. They had just under CAD$8 mllion in working capital as of January 1st and need to spend CAD$15.8 to complete its January 1st to July 1st 2017 program. They are also short about CAD$7.5 million too. Apparently the market is so good that these companies can rely on JIT financing. Just

[ekim]

Also watching NAR as well. Between KDI, PGD and NAR...they are all hunting for money. Now that Gahcho and Renard are in production...if worse comes to worse and all 3 of those companies above fail to raise any money at all. (for whatever reason)...the whole Diamond exploration/development in Canada comes to an absolute standstill. Pretty amazing that there is so few development/exploration

[shneps]

Appreciate the responses. Would a consolidation of juniors be of any benefit to one another or merely fight on your own for what little financing there seems to be available. With all the Canadian diamond juniors somewhat in the same boat it will be interesting to see who can swim to the top. My bets are Chidliak. Just when. Argh.......

[madmann]

I spoke to Tom P. at PDAC re using used snap lake equipment etc. He said by the time you relocate it, it would cost more than a new set up..........so thats off the table. Good idea though, my thoughts too!

[Irishpotluck]

Did anyone notice Mar 17/2017 Debeers sells a piece of pie to Anil Agarwal.....2.4 billion this transaction looks like the lead up too Debeers making a move in the industry.....Consolidation of remaining projects is very possible. Wonder what Debeers has planned? GLTA