GREY:PGDIF - Post by User
Comment by
oiltaron Jul 11, 2017 1:35pm
113 Views
Post# 26456361
RE:RE:Rick Ruel or Rick Shmule?
RE:RE:Rick Ruel or Rick Shmule?>If you buy under the price one of the smartest investors paid, does that make you smarter than him?<
No it does not make me more smarter than Rick just maybe more lucky if I could buy at 8 or 9 cents.
I very much doubt Rick will sell his 10 cent shares at 12 cents.He likes a large gain in the 100%s of percent.
I don't think he would buy PGD with only a possibilty of only 20% for taking on a big exploration risk.
I will buy back a large postion if the price is lower than the 10 cent price buy only if I get the chance. If not then there is a big sea out there and its full of other fish.
I bailed out of PGD on the fear of a 15 cent financing in the 20s.But the diamonds are there and they are high quality.If PGD can get the road finacning issue answered or bring in a diamond producer the risk would drop big time.But at 10 cents the risk reward is discounted to the upside.