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"Peregrine Diamonds Ltd is a diamond exploration and development company with interests in diamond exploration properties located at Nunavut and the Northwest Territories in Canada and The Republic of Botswana."

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GREY:PGDIF - Post Discussion

Peregrine Diamonds Ltd. > A lot of smoke?

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Post by ekim on Mar 12, 2018 12:26pm

A lot of smoke?

But is there fire?

Speculation is a bit rampant...wouldn't you all agree.

Why not speculate on a new fact to see if anyone comes up with something plausible?

Peter Meredith will be dropping from the board in 2.5 weeks from now.
PGD will be reducing the number of board seats by 1.
History has shown that PGD has reduced the board seats by 1 in the past and subsequently added someone to the board. This increase does not require Shareholder approval in between AGM's.

So....what say we? Why is he leaving? Will the position be replaced after the AGM?

Peter has been with Robert through Ivanhoe mines and some consider Peter to be Robert's right hand man.

LONG...PGD

EKIM

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Comment by griefman on Mar 12, 2018 1:09pm

That is interesting, where did you find out that he was leaving? Thx

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Comment by cudjo on Mar 12, 2018 1:11pm

news before news? Robert shifted 111 million shares back in Dec. Robert getting bought out? Question, If Meredith is dropping, why hasn't been announced publically? Making room for DeBeers? Good luck

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Comment by mill44 on Mar 12, 2018 1:32pm

Without Robert Eric would have been done a long time ago. Without his money Pgd will have no way to raise funds for future work, leaving it with the only option of selling off its assets. Not a good position to be, with your back against the wall. Him leaving without a replacement would be worse than when deBeers left.

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Comment by robybob on Mar 12, 2018 1:34pm

IMO, probably retiring, 35 years with Deloitte. Then Ivanhoe to present is another 19, that is almost 55 years. I am sure he has decided to relax. He has earned it. No smoke. I am still on the fence on what is going to happen. I have taken my profits from the dime offerings, fool me once etc. Should have on the past offerings as well, but lesson learned. Still have lots in ...more

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Comment by griefman on Mar 12, 2018 1:47pm

Piggybacking on Cudj, was it announced or?

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Comment by griefman on Mar 12, 2018 2:34pm

From Mikes Chidliak blog: Potential Acquirers There is no mistaken that many junior exploration companies will end in the hand of a much larger company before any mine becomes a reality. Chidliak and Peregrine Diamonds may be the exception to the rule, but more likely than not the end result will be a takeover of the company. A partnership is also a strong possibility once the ...more

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Comment by griefman on Mar 12, 2018 5:40pm

Not sure why Mike has not answered the questions about how the info on Peter Merideth leaving is in the public domain? Or is it not? maybe he’s out enjoying our spectacular sunny warm weather! I know I am....

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Comment by ekim on Mar 12, 2018 11:39pm

Nice day for sure. It is on SEDAR. Just look over the last 7 days. AGM Mgmt info package. LONG...PGD EKIM

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Comment by griefman on Mar 13, 2018 12:54am

Ok thx Mike...

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Comment by cudjo on Mar 13, 2018 3:05pm

appears robybob has it right, not standing for re election, retirement then IMO as well. Keep forgetting about Sedar. Volume appears to be drying up, maybe a PDAC bounce afterall. Waiting for news. Good luck.

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