GREY:PGDIF - Post by User
Post by
charnion Jun 29, 2018 7:50pm
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Post# 28254652
Speculating on PGD
Speculating on PGD1) We are in a very poor resource market again - whether it is diamonds or gold, copper, base metals, cannabis, blockchain - the selling is continuous on any "pop" in the upward momentum of a stock even on announcing good/excellent results.
2) Only buyouts are of any significance for shareholders based on recent market news. And even these results are not what would be available in a rip-roaring bull market.
3) In PGD's case, have confidence in the management regarding this project - the most advanced nonproducing diamond project in Canada. If no confidence - click of the button and sell. So easy these days and only for $9.99/trade. No use being miserable and anxiety-ridden if you lack confidence.
4) Look at IVN as an example - one of the boys involved with PGD raises $733 million above the market and the stock price drops a dollar over the next 2 weeks. In most market conditions when a bargain comes by - we buy. In the stock market when a bargain comes by - we sell. We throw out " the baby with the bathwater". This is bargain hunting time - "catch the baby".
5) You have the leader of IVN backstopping PGD, the brother leading the charge and exceptional management with real results. The damn market is hindering shareholder value below what it should be. Is this a bargain is all you have to decide. and then you take the risk (or you don't).
To Everyone - have a fun-filled Canada Day weekend and to the Americans a similar great July 4th.