Peregrine Diamonds Ltd. PGDIF

PGD now in play! Bidding war is on!

[pennyoilking]

Folks, I, think this is just salvo number one! Waiting for better offers

[cudjo]

no war yet, need another one interested first or your just playing with yourself, lol, it is possible, this is expected to close in Sept, so about 6 weeks for a white knight, seen it happen before, if your long no sense in selling at this point IMO.  Wonder if they folded the tent at Sprott, will watch that site today, what does Tommy have left to say, sold it for 107 million folks, thanks

[griefman]

Still waiting for a post or two from Mill amd Mike (Ekim)....

[cudjo]

kodi, IMO, ekim is in shock, he has a lot of time and money in this and I am sure he feels cheated on every level, his blog, his efforts, all going for a fraction of what he thought it is worth, still possible a white knight could come in and bid this up,  mill is counting his cash and will wait for a bidding war, like all good longs should.  See there was about 63K in shorts here, not

[griefman]

Not sure about Mill counting his cash? Agree, more than anyone, perhaps on any board on SH, ever, Mike has put his heart and soul into this company, so much so, that he was accused of being a PGD employee.  He was/is a class act and I have a HUGE amount of respect for him. The offer does seem low and open to a potential counter by some other entity.

[mill44]

This is what happens when you play from the position of power, without actually having the power. The second time Robert is beaten by the big guys. Oyu Tolgoi did not go the way he hoped, got forced out of that one, now DeBeers got 100% for the price they offered PGD 4 years ago, with the benefit of having the company invest 25-30M in defining the project. Unless they are trying to force the hands