Peregrine Diamonds Ltd. PGDIF

Pole time...and I don’t mean the stripper version...well

[griefman]

Just wondering if people here would hazard to guess, in a very simple way or somewhat longer, what will Peregrine do for the next round of financing?

My guess: Rights offering.

[griefman]

Sorry POLL time

[northmark]

I’ll play kodi. I’m pretty certain that if the brothers don’t wish to lower their expectations then we are looking at another rights offering. If that’s the case and depending on how they truly feel about us retail folk, you could see a roll back followed by a discounted rights offering to shake a few more of us loose. 

[ekim]

1/2 agree with northmark. Would Eric and team do a small rights offering just pay the corporate bills only as they put the project in waiting mode. That would test the patience of shareholders and also go slightly away from Robert's persona of drill drill drill...which is no where to be seen so far this year anyway. LONG...PGD EKIM

[northmark]

Thanks ekim, I’ll take 50% approval at this stage. Still like this resource but with no direction from management it’s getting more difficult to project outcomes.

[griefman]

I think we all know the saying, or somewhat the saying, you can treat your family worse than friends, and maybe that’s the issue here. In hindsight,  maybe big bro getting involved with a different set of priorities and style, has damaged this play to a degree. Something is not kosher here that has nothing to do with resource, I mean, c’mon, it’s becoming so obvious.

[mill44]

A rights offering will lead to more rights offering. If they considered going alone, they will issue more rights. If not, there is no reason. From now on there will be decent risks associated with rights. It would be dumb not to consider that. The Friedlands will have no control where the rights end up. The rights will also bring a lot of supply of discounted shares. The more money is spent on the

[racer-x]

There may be tax advatages teaming up with Lucara rather than going it alone, more write-offs available to either party, the taxes are a major negative giving away half the profits while building our own road

[cudjo]

PP, Sprott is where needle is pointing, another rights will kill this forever but may be the only option now, LUC is interested in NAR, not PGD, family and present ownership tells you all you need to know there, the bros price would be too high for LUC IMO.  If what we are peddling now is not enough to attract a partner with a fair deal, raising the 27 mil needed for 'pre' (a joke at

[racer-x]

Nar is dead nothing there, its like Deadwood why do you want to sit back and play cards ...