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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

Comment by cudjoon Feb 16, 2018 12:41pm
74 Views
Post# 27573105

RE:RE:RE:Not so stupid

RE:RE:RE:Not so stupidyes 500 sharers is only a $75K investment, the trouble is the millions and millions of dime shares ready to backfil the 500K on offer now, this stock, despite the update, is really struggling, a couple of reasons, see above, and the capital reqired to move forward and the clarity, none at this point, of how that will be raised etc., that is why, at the moment, essentially dead money for the longs. If they clear this up, then you will have an idea of direction, not before.  They are going to need 20-30 million to complete a FS which is the next step. Lets see, 30 million dollars at a dime or less rights puts the float where??? OMG, .... Good Luck.
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