Peregrine Diamonds Ltd.

I understand the share price drop was due to a fund going under and had to rid themselves of all their shares and so they were dumping into the market.

As for the recent NR it probably wasn't as good as most were expecting but with the 50 ton bulk sample results to be out soon as well as an update on the 2010 exploration program and with BHP on board at least through 2010 I think the upside is tremendous.

I think this is a great buying opportunity.