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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (2707)	10/12/2013 7:30:49 AM
From: Goose94	Read Replies (1) \| Respond to of 203951

Peregrine Diamonds (PGD-T) tanked on news that diamond giant De Beers has decided not to exercise an option to earn 50.1% of the Chidliak diamond project, in Nunavut. The 508-tonne sample, which is currently being processed, will give it a large enough parcel of diamonds to assess diamond value and calculate an initial resource for CH-6. Peregrine expects to have results from the bulk sample, including independent diamond valuations, in the first quarter of 2014. Peregrine last raised money in June, with a $3.5-million private placement of 10 million common shares priced at 35 cents apiece. More than 70% of the new shares were issued to related parties of the company.