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Strategies & Market Trends : Dino's Bar & Grill

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To: pocotrader who wrote (8723)	8/25/2014 10:54:13 AM
From: Goose94	Read Replies (1) of 203951

What caught my eye in John Kaiser report: "Peregrine Diamonds Ltd offers the best speculative value among advanced diamond juniors, which is something of a puzzle because companies associated with Robert Friedland do not usually offer good speculative value. But that also was the case with Ivanhoe Mines during the midst of the 1998-2002 bear market. Ivanhoe subsequently transformed itself from a measly buck into a $20 bill. Robert owns 18.6% of Peregrine's 143.8 million issued shares, while brother Eric owns 13.6%. By the time a rights offering is done to fund this summer's $6 million program, their percentages will likely be higher." Peregrine has done rights offerings in the past, and may likely do so again. But this time around it will need a guarantee by somebody with deep pockets like Robert Friedland to coax capital out of a fatigued existing shareholder base. My recommendation to Spec Value Hunters is that they should take their cue from what the Friedlands do, because the current valuation qualifies as rock bottom. Don't worry about huge dilution, Friedland brothers create PGD into homerun. Goose

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