Peregrine Diamonds Ltd. PGDIF

discounted rights offering

[cudjo]

if management is seriuosly thinking about another rights offering, a little promotion, lets say at PDAC, would help, maybe, lift sp up to the 17/18 cents to try and keep it at a dime again?  If that is the plan, or going it alone was always the plan, pretty short sighted to forget about all those millions of dime shares in the float.  Is this destined to be so bloated it will never float, and dont forget that doing rights is not dilutive, lol, just dont tell everyone. Price wise, this is looking very weak, and "the market" is expecting hundreds of millions more shares shortly IMO, good luck.

[griefman]

Cudj...u know weez not friends, but weez friendly (at least lately), but I gotta ask you: Why are u continually harping on the same issue concerning, well, pretty much everything in yer last post? respect ya, butttttttttt....

[schocor]

Greifman is right; the only one talking about a rights offering is Cudjo. I don't think the rest of us are hiding our heads in the sand either; management has - and CONTINUES - to stress that they are looking for a strategic partner to fund further development. A rights offering might be the only option available at the time we need money, but AGAIN, the only one talking about that is Cudjio

[griefman]

If Cudj was standing in front of me, I’d say I know, I know, I know. Its great to have someone who maybe is playing the devils advocate, but c’mon, we get it already! Cudj, I truly respect you, I do, but we KNOW....we really do.

[schocor]

I will cut him - and myself - a little slack. There is just not that much to comment on in-so-far as PGD is concerned at the moment, so the comments can and do get a little repetitive. If you want more news in the junior mining sector - you need money to generate it. So lets get that partner! Management has said they had one lined up and that fell through (I believe it was Dominion Diamonds and

[cudjo]

actually i am not the only one, your guru has stated it as well,  and for a "discussion board", there is a great deal of anxiety it seems, about actual discussion? My point question is simple, what do you think about PDAC as a promotional tool to get the sp up to keep the next rights offering at a dime?  What are the chances the bros can come to terms with a partner?  All

[schocor]

PDAC is a good promotional tool. I reject your premise that a rights offering is a foregone conclusion. Chances are the that brothers can come to terms with a partner are 100% - given a long enough time frame in which the junior mining regains some of its luster (sell your pot stocks people).

[cudjo]

fair enough, as for the 100% chance at a partner, when do you expect this to come about, you mention given a long enough time frame, is this spring too soon, or longer, if so, what happens between now and your predicted partner? Any thoughts on potentials?  Thanks.

[schocor]

As I have stated MANY MANY times - I am lacking plausible partners; Rio, DeBeers or some third party (diamond marketer, rich person, other miner etc). I am 100% confident they will produce a partner before 2049. I am ~20% positive they will find a partner before 2019. I am 100% positive they will not announce a rights offering until after/during PDAC. Or course I am just making up %'s. But so

[cudjo]

lol, sooo this just sits until 2019, or, until after PDAC for a rights, cirling back to my first post.  Excellent.  As for 2049, I do predict ekim will be still promoting pgd  :

[schocor]

Who said it was just sitting? PGD has announced a program plan for 2018. Are you just making stuff up?

[cudjo]

schocor, announced a plan for 2018?  Other than a new PEA by June, please show me that NR, as for sitting, on the financing side of things, to actually do something.  It is beginning to appear that longs here are expecting millions of more shares, lets hope PDAC does spark a bit of a rise, shorting would be a good payoff for non Canadians then eh? :)    Good Luck.

[cudjo]

but then again,  pompoms here have been woefully incorrect for many years, contrainian advice may be the play.  Fun and games, thanks for the discussion. Good luck

[mill44]

Anyone heard of the Indian bank scandal? If they enforce the rules, don't even have to tighten them, demand could be significantly affected. India is a pretty big buyer. An other thing to consider.

[cudjo]

i do agree with your pot stock recommendation  spec rallys are finished IMO,  Aurora looks good as  hold... but that discussion is for those boards.

[mill44]

Eric would have cut a deal already if not for Robert. With him on board, with the premise that he is willing to build a mine (and all signs point to that for now), the chances of a fair deal that takes in consideration market conditions are slim. Diamonds are out of favour and they are luxury items, they are not like industrial metals, you cannot count on cycles. There is absolutely no

[mill44]

The market is already spooked by previous rights offerings. Te likelyhood of a deal with a third party diminishes with each of them. They have to start taking steps toward building a mine and Robert is not going to take this close to one then give it up. They migt be waiting for retail to capitulate, let one of their friends like Rick Rule pick up 10% in a rights offering then just take it private

[Kidlapik]

Given the history of the company and market conditions I believe that any longs should be prepared for a rights offering. I have participated in 3 rights offering and am holding cash for a fourth if it happens. If its a partner great, if not I have the funds available to once again increase my position significantly at 0.10 as I believe that is the absolute lowest PGD will finance at.

[schocor]

I agree with Kiflapik - all longs should be prepared for a $.10 offering. But if you are not long - I don't think you should take it as a given.