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@ekim Robert has moved his shares in $PGD from Newstar securities SRL to Newstar Securities Investments Ltd.
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@ekim Robert Friedland tweaking his wholly owned subsidiaries (names). Showing up in end of year insider reports. Newstar Securities SRL now --> Newstar Securities Investments Ltd. Evershine SRL now --> Evershine Securities Ltd. HHC Holdings SRL now --> Horizon Holdings Capital Inc. not sure if it is all legal jingle stuff or what. What did SRL stand for anyway? $IVN $PGD
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@ekim I have posted a blog page on stockpiling --> https://chidliak.blogspot.ca/p/stockpiles.html Most mines, stockpiling is a cost and not a benefit. With the big values in kimberlite material and the differences between the kimberlites...it may be a benefit for Chidliak.
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@marketwired Peregrine Provides Board and Management Update @marketwired/peregrine-provides-board-and-management-update $PGD Chantal Gosselin comes on board as a director and Peregrine CEO Tom Peregoodoff is appointed president/CEO of Kaizen Discovery in what is described as a "cost reduction" move (R. Friedland a major shareholder of both companies) $KZD #diamonds
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@marketwired Peregrine Provides Board and Management Update @marketwired/peregrine-provides-board-and-management-update $PGD Chantal Gosselin comes on board as a director and Peregrine CEO Tom Peregoodoff is appointed president/CEO of Kaizen Discovery in what is described as a "cost reduction" move (R. Friedland a major shareholder of both companies) $KZD #diamonds
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@marketwired Peregrine Provides Board and Management Update @marketwired/peregrine-provides-board-and-management-update $PGD Chantal Gosselin comes on board as a director and Peregrine CEO Tom Peregoodoff is appointed president/CEO of Kaizen Discovery in what is described as a "cost reduction" move (R. Friedland a major shareholder of both companies) $KZD #diamonds
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@marketwired Peregrine Provides Board and Management Update @marketwired/peregrine-provides-board-and-management-update $PGD Chantal Gosselin comes on board as a director and Peregrine CEO Tom Peregoodoff is appointed president/CEO of Kaizen Discovery in what is described as a "cost reduction" move (R. Friedland a major shareholder of both companies) $KZD #diamonds
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@marketwired Peregrine Provides Board and Management Update @marketwired/peregrine-provides-board-and-management-update $PGD Chantal Gosselin comes on board as a director and Peregrine CEO Tom Peregoodoff is appointed president/CEO of Kaizen Discovery in what is described as a "cost reduction" move (R. Friedland a major shareholder of both companies) $KZD #diamonds
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@ekim $PGD had 1 small paragraph in its recent earnings about discussions with other groups. This last news release is finally public and descriptive to the news channels. (not hidden). Here is the key paragraph. "Since Peregrine Diamonds announced its positive Preliminary Economic Assessment ("PEA") for the Chidliak Diamond Project, Nunavut, Canada on July 7, 2016, the Company has been in discussions with a number of diamond producers and capital funds concerning the on-going development of this very valuable diamond asset. The Company is continuing discussions with various entities regarding options to finance future work programs and advance Chidliak towards commercial production. There can be no assurance that these discussions will be successful." ...and early in December this is from Rio Tinto's CEO: Quote from the new CEO (Dec 6th, 2016) - "“I would like to have more diamonds, to be very explicit. That’s a priority area,” CEO Jean-Sebastien Jacques said in an interview with Bloomberg Television on Tuesday." Bidding for a ticket on the Chidliak train is wide open. Rio, $DDC, DBC, $LUC and probably a couple of the capital funds of the 100's of funds out there. My leaning would be Haywood would be in the running. #diamonds
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SEDI_bot Peregrine Diamonds Ltd. $PGD just filed 3 reports. View full report: SEDI:PGD
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@TheBeach @ekim, Socrates is turning bullish on $PGD. "Sunny days ahead my friend...Sunny days" are you still in?
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@ekim @TheBeach - Sometimes there is light, even in the dark -- https://pbs.twimg.com/media/C1VAmvPWIAAxd5M.jpg:large Yes, all in. 2 months now and they should be trench blasting and LDD drilling and Core drilling. Between now and then...the money issue will need to be resolved. This should be the largest winter programme in Chidliak's history. $PGD #diamonds
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@TheBeach @ekim if I ever see the northern lights that up close and personal, I'll be flat on my back in awe of it all, probably wailing like a baby...
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@ekim More buying by Haywood today 14:36:53 T 0.245 0.01 6,000 62 Haywood 7 TD Sec 14:36:53 T 0.245 0.01 3,500 62 Haywood 7 TD Sec 14:36:53 T 0.245 0.01 11,000 62 Haywood 9 BMO Nesbitt 14:32:09 T 0.245 0.01 14,000 62 Haywood 9 BMO Nesbitt 14:32:09 T 0.245 0.01 1,000 62 Haywood 39 Merrill Lynch 14:32:09 T 0.245 0.01 83,000 62 Haywood 7 TD Sec If Haywood is going to be involved a PP at some point..they will want all these shares to be in the green as Chidliak gets developed into a mine. $PGD #diamonds
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@ekim Deal near? Looks like things are heating up, especially with a large single 600K block today 12:23:39 T 0.23 1,000 7 TD Sec 39 Merrill Lynch 12:23:39 T 0.23 4,000 7 TD Sec 2 RBC 12:21:42 T 0.23 500 1 Anonymous 2 RBC 12:18:51 T 0.235 0.005 600,000 1 Anonymous 1 Anonymous 11:43:36 T 0.23 1,500 62 Haywood 79 CIBC 11:43:36 T 0.23 26,000 62 Haywood 79 CIBC 11:43:35 T 0.235 0.005 1,000 39 Merrill Lynch 79 CIBC W 11:43:35 T 0.235 0.005 16,000 62 Haywood 79 CIBC W 11:42:07 T 0.235 0.005 1,000 62 Haywood 39 Merrill Lynch 11:42:07 T 0.235 0.005 22,000 62 Haywood 7 TD Sec precursor to news? #diamonds $PGD
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anonymous What kind of deal do u have in mind @ekim
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@ekim So many options..but why not? Rio Tinto takes on 51% and becomes active operator for Chidliak in exchange for paying for Chidliak through to construction and operation with payback of PGD's share of the Capital cost through operating cash flow. Shortly after, Haywood does a PP for 10 million shares at 75 cents to paid the treasury of PGD to roughly $9 or 10 million and they can explore elsewhere while chidliak is developed. Or Rio Tinto just buys out PGD for 80 cents to a dollar a share and the technical staff they want to keep are just moved over to Kaizen.
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@Fried Robert Friedland Tribute Video - CMHF 2016 A video tribute to 2016 Canadian Mining Hall of Fame inductee, Robert Friedland https://m.youtube.com/watch?v=pWu8ijePCXI $IVN $CDB $KZD $PGD $GXU $COPPER $GOLD $SILVER $ZINC
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@ekim Rumour mill suggest PGD mgmt might be in Africa. Technical visit to Botswana or maybe a JV discussion visit with Petra Diamonds or Bruce Cleaver and De Beers? #diamonds
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@T @JKaiser..... $pgd?
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@ekim @T missed the live show today...But saw your question. Did JK comment on pgd at all? Thanks.
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@T @ekim no, I asked right at the end so it didn't get answered. hadn't heard of any update from him in a while so figured I would ask. Not sure if he has written anything recently or not
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@ekim Thanks @T Quarterlies out last night. They have about $1.5 million give or take right now. Need to get a deal done soon.
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@T thought they had more cash than that. do you have any guesses as to what the deal may look like @ekim? im seriously surprised that we are still sitting at .20. yes the everhang blah blah but this company just seems like it has so much potential and worth way more than the $65M they are valued at right now.
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@T also do you know anything about what is going on with their property in botswana?
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@ekim @T at the very least, we know the botswana play is not dead. -- "Sampling for kimberlite indicator minerals occurred on an additional ten new kimberlite-like geophysical targets. Results are currently pending and will inform potential plans for 2017. " They have left the door open for possibilities. Sounds like they must be looking at the theoretical side of the results before spending $$s there.
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@ekim @T it is frustrating with the market cap. If the market valued them at $150 million (which I would consider reasonable)....they could easily dilute 10% and raise $15 million this year and again next year if they wanted to...and still go it alone. It is tougher with $65 million market cap let alone the $35 million they have been at in the past.
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@ekim Still waiting for final confirmation of approval on the water permit amendment. I'm not sure what NWB is taking. Comments closed a month ago and all comments were either no comment or good. No concerns at all. It is really the last item to make the march/april/may winter programme at 'Turn-key' operation. All equipment and supplies will already be onsite and this permit confirmation should be the last thing. I wonder if the need for the it being 'Turn-key' is a pre-requisite for any deal to be signed on the dotted line.
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@ekim I would probably not suspect PGD will not be a bought out. I think Eric and team still want to keep the name and team together for further exploration (including Botswana). Chidliak is getting to the point where it will need a developer/operator to spend $$'s and work on it. I don't think PGD has the right skillset to really advance this to a full operating mine. A Joint venture I think is in the best interest for the investors and also the best thing for the PGD team. If they can get a MPVD/DBC deal done similar to Gahcho (not exactly similar...but the likes of that)...that leaves PGD to focus on other things whereas the JV would takeover operating the project. This is where I see the flaw with MPVD. In my books...they are not the operator of Gahcho Kue and are basically a company trying to reap profits from Gahcho Kue while doing nothing else. Why isn't MPVD looking elsewhere for exploration or other projects...it makes little sense to me. I think MPVD just wants to be gobbled up and disbanded.
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@ekim $PGD worth only 2x $DVI? Regardless of what one thinks $PGD should be worth with the PEA, etc....it sure as h$ll is worth a lot more then 2X $DVI.
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@ekim I see $DVI is also popping up in advertisements on Stockhouse. They must be on full on promo
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@ekim Time is ticking to the winter programme for early March. They have cash in the bank for about 5 months without adding to the coffers and foregoing the winter programme. My current guess is an all out buy out of $PGD by Rio tinto. JV might be still on the table...but if the likes of Rio tinto already think Chidliak is on the small side...why would they want only half of it. News within 2 weeks?
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@ekim New corporate presentation $PGD -- https://www.pdiam.com/assets/docs/2017-03-01_pgd-pea-investor-update.pdf A few extra slides showing superior coarse distribution over benchmark pipes. They will be at PDAC with a booth in the investment area over the last 2 days. Same booth that Auryn resources is using for the first two days. #diamonds
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@marketwired Peregrine Diamonds Completes Internal CH-6 Open Pit and Underground Mining Study and Revises 2017 Work Program @marketwired/peregrine-diamonds-completes-internal-ch-6-open-pit $PGD
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@Vaughan Past pick number 3: peregrine diamonds $pgd . Discovery is one of the best in years. Its on baffin island close to Iqaluit. No caribou issue kaiser says but it has been a disapointment. $sbb on the mind John? #marketcallPDAC
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@ekim JK also said -- "One of the best diamond discoveries in the last 6 years." in the interview. --Link to video -- http://www.bnn.ca/video/john-kaiser-past-picks~1071826
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@CautiousNow @ekim Fingers and toes crossed that not another way below market rights offering. It looks like the program is designed to enhance the size of the project in order to entice a buyout. Given the fixed costs for the initial development (e.g., the road), a modest expenditure that enhances the scale and reduces the risk offers a very attractive potential incremental return. They should also be allocating significant effort on the political side to try to obtain some sort of joint funding for the road.
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@ekim @CautiousNow great points. I get the feeling that the news release yesterday wasn't for us, the retail peons...but for all the players interested in getting into Chidliak before it becomes a $1 billion NPV project. This game of chess is killing me and it sounds like Eric/Robert are still inviting players to the game. Incremental, high value, revenue will benefit any project. CAD$2 billion of 250m to 500m underground material should do absolute wonders to the bottom line.
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@ekim They declared a discounted rights offering when the share price was over 40 cents..but they did not declare a pricing on it...but declared that it had a full stand by agreement. That lake of share price confused the retail investors to no end. The share price drifted down to 29 cents before they announced a discounted from that 29 cents to 21 cents. The whole...we are going to finance...but we are not naming a price yet...ugh. This recent press release did not announce a discounted offering...however, it did announce a firm commitment to the ability to raise at least CAD$7.5 million...but again is lacking in detail on pricing/how. Market is shrugging off good news about the potential underground option because of this uncertainty. More confusion. This confusion is probably the #1 reason why the stock is stuck at 19 to 20 cents...it is just stuck.
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@ekim A bit of an update on the blog with the summer field program announced -- https://chidliak.blogspot.ca/2017/03/2017-summer-program.html #diamonds
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@zeus There is a lot of venture money floating around in the world .... can someone explain why PGD is in a constant struggle to find even a small silver of this available capital? Goldquest just received 23 million from a major ....
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@zeus small sliver
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@ekim @Zeus I have been scratching my head on $KDI 's news release on Friday..let alone $PGD 's options. Fundamentals are sound at Chidliak and the a 10% dilution would generate a lot more money at a market cap of $150 million versus the $70 to $75 million they sit at now. The plus side is that they have been down in the $30 to $35 million market cap not that long ago. I suspect a 10% dilution inclusive of some premium flow through maybe in order as $PGD goes it alone for another 10 months up until the updated PEA shows the project even more robust then ever.
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@ekim Updated the list of potential acquirers for $PGD #chidliak with the addition of this Washington Group of companies ($DDC) -- https://chidliak.blogspot.ca/p/potential-acquirers.html This same list would be relevant to other diamond players like $NAR $KDI $DVI $DIA etc. #diamonds
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@ekim CIBC just bought a small chunk 15:42:19 T 0.205 0.01 27,500 79 CIBC 7 TD Sec 15:41:46 T 0.205 0.01 38,500 79 CIBC 7 TD Sec 15:41:46 T 0.205 0.01 3,000 79 CIBC 7 TD Sec 15:41:46 T 0.205 0.01 6,000 79 CIBC 124 Questrade 15:41:46 T 0.205 0.01 10,500 79 CIBC 7 TD Sec 15:40:56 T 0.20 0.005 2,500 79 CIBC 19 Desjardins 15:32:54 T 0.20 0.005 6,000 79 CIBC 85 Scotia Stock has significant support and also significant resistance. Stuck
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@CautiousNow Seems like yesterday when I was sitting at a Cambridge conference in Toronto worrying whether I was doing the right thing by selling 3,000 shares at $4.28 that I'd bought at 50 cents....Where's a time machine when I need one?
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@ekim @CautiousNow I remember the 30 cent rights offering before that and was wondering if I should buy more shares as I had an abysmally small amount of shares. It rallied to $2 on the CH-6 then Kaiser on BNN took it to the stratosphere then it fell back to earth in short order. $4 x 72 million shares for 50% of Chidliak gave an enterprise value of Chidliak at CAD$576 million. Now Chidliak has an EV of CAD$70 million with a NPV (after tax) of a half billion Canadian with more to come. The CAD$7.5 million programme this summer could really raise the NPV to CAD$1 billion after tax NPV...but as always..I don't know what Enterprise Value the market should give. It was over optimistic at $4.28...so no reason it can't be overly pessemistic at $0.20. I would suspect the reason it went to CAD$600 million is that it drilled through the super high grade of CH-6 and there were a lot of geophysical anomalies around and no one knew if there are other twins to CH-6 in value or maybe even better. That didn't not turn out to be reality..but I don't think the speculation was misplaced..maybe a bit exhuberant.
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@CautiousNow Yup....Not sure we'll ever see that type of enthusiasm again post 2008. I remember one on the AB Exchange before Bre-ex that I think went from 17 cents to over $20 in two days based on "visible metal in core". Think it may have been Cartaway.
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