Saturday, February 28, 2015

Peregrine Diamonds Rights offering share turnover

The rights offering for Peregrine Diamonds expired on October 8th, 2014.

Since then, we have seen 32,612,076 shares trade hands (to Mar 6th, 2015).

I have estimated ownership of Peregrine Diamonds to come out with a public float.
Here are the details -- Peregrine Diamonds Ownership

The public float is calculated as 79.33 million shares.
Somewhere in here includes Kaiser's ownership, but I have no idea how many he may I will leave his shares in.

What we can infer from this is that 41.1% of shares of the public float have changed hands since the rights offering expired.

This 39.9% occurred at an average price of CAD$0.17

This is a significant number that has moved from weak hands to strong hands.

Technicals are turning up and Chidliak has excellent fundamentals.

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