Peregrine Diamonds Ltd. PGDIF

Musings

[Durkastan]

The huge price spike last year after the results from CH-6 went from around 85 cents on September 18 to an intra-day high of $4.65 on September 24 (or 25?). That's just a week shy of exactly 1 year ago.

We must be getting really close to seeing some initial kimberlite drill results. PGD has stated that the mini-bulk results won't be released until sometime in the 4th quarter, so fair enough, they are at least a month away. However, some of the results from kimberlites 17-18 must be due soon.

Also, I'm not usually much of one for technical analysis, but... I couldn't help but notice the 50-day moving average for this stock being making that nice sloping line up toward where we are today. Also, you could almost draw a straight trend line from the March lows of 2009 to the share price today, which is extremely reassuring to me.

In other news, an amazing close today at 2.46/2.48. This thing is definitely heating up.