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Peregrine Diamonds Ltd. PGDIF

"Peregrine Diamonds Ltd is a diamond exploration and development company with interests in diamond exploration properties located at Nunavut and the Northwest Territories in Canada and The Republic of Botswana."


GREY:PGDIF - Post by User

Post by cudjoon Oct 05, 2017 3:13pm
105 Views
Post# 26782367

institutions

institutions

at one time this company had around 12 institutional holders, representing about 40% of the float, now, that was some time ago, 2011 if my dd is correct.  DeBeers was still in the game, prior to big bro and the expectations were really positive.  Fast forward to today, zero institutional support and the mood from most of the longs I would guess would be reaching the same levels as back in 2011 in anticipation of the coming micro diamond results and "those" leading to a partner with the ability to move this to a FS and into production.  There are a few here that have been with this company that long, even longer, and you have to amaze at the commitment, emotionally, as well as financially through the long night which is pgd.  Mirrored that of one of the bros I guess.  I hope you’re richly rewarded, but.......  I expect to see some news regarding the diamonds within the next 4 to 6 weeks. Then, unfortunately, tax loss season kicks into high gear, which may, along with the millions of dime shares, hold any enthusiasm for the sp back into December, regardless of news. What I hope happens is diamond news is held off, Saskatoon appears to be really busy after all, until the middle of Dec, after tax loss selling, and trust me, there will be tax loss selling here.  If so, and your careful, you may be able to pick off some tax loss shares and ride a bubble into the New Year.  If micro results are enough to engage a partner on the bros terms, that potential partner would bring institutions back picking off the dime offerings as they come up on the offer.  That kind of news would make it worthwhile to become a long term long.  It is possible that  one is placing some bets recently/currently, we'll see soon enough IMO. Good Luck.  

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