Peregrine Diamonds Ltd. PGDIF

30% gain

[RusticHit]

Buying at 10 cents right and price at 13 cents 30% gain already when right holders can sell ??any time or any restriction ,??? ,,,as

[ekim]

no restrictions at all. This a discounted rights offering. Strike price of the exercise is not directly related to share price of stock. The 30% gain you talk about is superficial. The only area it counts, and not superficial,  is the over subscription allotment. LONG...PGD EKIM

[robybob]

RusticHit, according to my broker, shares won't be in the retail accounts until late August.   Those of us who are long, and have exercised, doubt they will take 13 cents, I won't, but all the new retail shares could hold this down through the news cycle expected.   Some longs may sell them through a rally to help with actually booking a profit.

[ekim]

Late August? Wonder when the oversubscription breakdown will be known. LONG...PGD EKIM

[Trekewl]

my broker said to check back Wed or Thurs this week to see if any new shares are showing re:oversubscription.

[robybob]

I was surprised he told me shares wouldnt be in my account until late August, that is when they expect them to arrive from Peregrine. I bought more rights as I wanted my cash to go to advance the project and not just flipping dollars in a retail trade, price wise, 6 of 1, half dozen of another. Tomato Tomatoe. .05 to 1 Once the financing is all done, I do expect a rally, especially with Sprott