Peregrine Diamonds Ltd. PGDIF

this thing is over

[Trader24]

garbage

[shneps]

I haven't ignored anybody for along time. Thanks for making my day : ) A 30% increase over the a couple weeks. Garbage................yah.

[ekim]

You are lucky shneps. My ignore button seems to be doing nothing for me. LONG...PGD EKIM

[Kidlapik]

Okay Ekim why do you think we are getting a move up? Anticipation of the PEA? News coming out today? Guess?

[cudjo]

PEA anticipation is my bet.  Volume has been good since tax loss effectively ended, rougly 10/11 million shares trading hands since mid Dec, 10/11 mil of the float not held by insiders. Which is, rounding and taking some liberties, about half, or 220 million, lets say for arguement sake, roughly 5%. Not bad for 6 weeks.  Outside looking in, some bets are being placed, IMO, on some kind

[Kidlapik]

or maybe someone is just temporarily pushing it up so they can issue a discounted rights offering at 0.10 again. The circus continues!

[mill44]

The PEA will make the numbers official but won't change or add much to the picture. With so many cheap shares and talk of more exploration I don't think that anticipation would do much to the SP.

[ekim]

CIBC has been accumulating and cleaning up the sell side a bit. JK has been hesitant to say anything about PGD for quite a while. Rick Rule hasn't said anything since July. What I do see in the market (even with VRIC and Roundup on right now) is that a lot of juniors that have had various people push them are giving a lot of chunks back to the market right now. A lot of these have no

[shneps]

I agree with your estimate on the HG. Unfortunately ( I believe it is partially due to holes that were not completed) but the HG pinched down in the two dimensional sections. We never did get a three D model and that's where my concerns in HG lay. Not long too wait for the revised PEA which should come close to doubling the resource.

[shneps]

Interesting thing I have noted is that as the SP got above 13c the volume of shares in the ask hasn't been loading in. I have seen in the past over a period of time several accounts buying in cheap and then they reconsolidate under cover of normal trading. Will certainly be interesting to see that if a JV or sale occurs, who the majors shareholders are. Cheers

[ekim]

If we do end up with another Rights offering and it is backed by Sprott/Rule....there is a disclosure section in offering indicating how many shares the backstop investors already have in the stock. So even if Rule/Sprott own less than 5%, we would get a glimpse into their position to date. Other then upcoming news or the ongoing NDA partner discussions, the only thing out there in the news

[cudjo]

if they do do another rights offering, meaning essentially going into a FS without a partner, anyone who bought this over 15/20 cents will never see the light of day, the tonnage of paper required to raise 30/40 mil will ensure pgd place as a true penny stock, the only way out of actually penny status then is a share roll back.  Longs need to pray to the partner gods that that wont happen

[Hopeful123]

Maybe they should focus on DO 27....or a gold play. or get Eira Thomas on board.

[ekim]

How about: Copper Lead Zinc Silver Platinum Palladium Nickel Still a lot of untapped exploration in and around Chidliak. Especially if that road gets built. I don't believe I have seen reference to Gold....so they have to stick to being a non-gold company. Eric/Tom need to convince Robert to bring in some of that HPX technology to site. LONG...PGD EKIM

[mill44]

Do they have access to untapped source of funds? Exploration requires money.

[ekim]

Exploration does cost money. It is not free. True dat! LONG...PGD EKIM

[mill44]

I am just saying that if you are looking for things that would boost the SP, spending more money they don't have is not one of them.

[Hopeful123]

Well said at least give the shareholders who have been in this play for 10 years and counting some hope..

[cudjo]

hopeful, if you have been a long here for over 10 years, you need a miracle.  Good luck

[robybob]

Hopeful123  "Maybe they should focus on DO 27....or a gold play. or get Eira Thomas on board." DO27 - sell it to help fund Chidliak, not enough good diamonds etc., to start it up, only value is in selling it, do a deal with the new private DDC Gold Play?  No gold, and I don't recall any of the other minerals ekim mentioned in anything from Peregrine, just wishful thinking

[cudjo]

ekim "If we do end up with another Rights offering and it is backed by Sprott/Rule..."   Sprott is getting the proverbial backside kicked hard over at NVO, bought a ton of paper over there at or above 8 bucks, trading around 3 now, btw ole slippery was predicting $300.00 sp over there.... and Ollie was dumping on it, now pumpin...., don't expect much appetite for this by

[ekim]

Bottom line with an increase in the HG zone is a higher IRR then the original PEA. Adding more tonnes from CH6 to the mine plan (regardless of HG or NG) will defer the breakage-compromised CH-7 results and that will also increase the IRR. There will be a bit more capital for the UG section..but the combination of UG capital + CH6 tonnage will still outweigh the IRR of CH-7 material. Higher IRR

[Kidlapik]

Im still not very hopeful we will see a JV. The diamond market is in pretty rough shape, especially Canadian diamond companies. MPVD and SWY at 52 week lows and going lower. Pretty bad time to argue YOUR diamond deposit will somehow out perform the estimates when the other two have under performed.