Peregrine Diamonds Ltd. PGDIF

Rights

[mill44]

The only explanation that I can see for the way rights are trading is that some people have no option but to sell them. Most likely cannot exercise them.  Too bad because I think they areholding the SP back. At least this time one can say that the offering was somewhat fair because you could at least sell them.

[mill44]

Although the fact that TD is the one selling them  would point to the other explanation, that someone lacks basic math skills or any understanding of the rights.

[cudjo]

don't see this going anywhere until rights are closed, then there will be the added burden of millions of dime shares to hold back any rally on good drilling news. Rights are trading so that is a positive compared to the last offering when no one was picking them up, will look for percentage owned by RR after, and if the financing is fully or over suscribed, they do have the added cost of