Peregrine Diamonds Ltd. PGDIF

Eric steps up

[oiltar]

Tom told JK PGD would not issue any more shares to do a drill program.

Eric steps up with $1 million of his own money and tells us to expect a funding deal.

So two outcomes could be at hand a partner funder/producer? Or Robert kicks in the balance of $ 6 million as to NOT have any more share issues.

7,000 m is a big drill program and the borthers kicking in the funding IS BIG BIG NEWS!!!!!

[mill44]

It would be, Oiltar. Except we don't know that. At least not yet.

[robybob]

Finally some news, interesting that Eric would lend money out prior to financing, I don't think I ever heard of this before, except when discussions were taking place.   A PP could have been done months ago, same with flow through, but instead we get a million dollar loan, then to expect financing news (deep pocket IMO), loan repaid by end of Sept. Sounds like more than just a simple

[oiltar]

If Robert does in fact kick in the balance PGD could double very quickly on the idea PGD keeps 100% and the next funding is in place with no further share issue. That would cause a major jump in the SP of PGD well before any drill results!!!!

[griefman]

Don't get me wrong, this is important news, not great, not bad, but news worthy...and more importantly, we know, somewhat, what is happening....finally! Now James jumping on the bandwagon makes me feel ill, as only a short while ago he said this: My hopes For a summer program is fading by the day. Summer is short were they are so if no NR by months end  then its clear the project