Peregrine Diamonds Ltd. PGDIF

RE: RE: Any further insight?

[beachbum1]

There is no doubt it was oversold ... on the one hand i find it hard to believe that it sold off as much as it did ... but on the other it is somewhat understandable. This is a make or break year for this stock. We need to see some very solid results in terms of concentrations from the sampling that is done on existing pipes ... and really we need a couple of finds at least in the magnitude of what you mention EKIM (in terms of pipe size). Either that or we need to have a few of the pipes that are very close together be proven to have high concentrations ... otherwise this thing may not be able to pay its way. This is where missing the boat on the BHP buyin last year really hurts us.

I think we all know that the fall will be proving ground for this project, but it would be nice to have a few new large size Kims with some significant potential to soften the blow of any negative results.

Looking at past years we would be seeing some news now ... it is a little bit concerning that we are not even getting new kimberlite updates. I think at this point even news releases of insignificant finds would help move this thing along, as at least then we know what is going on and aren't assuming that nothing is.

Lets hope for news next week.