Peregrine Diamonds Ltd. PGDIF

RE:RE:RE:RE:RE:More EKATI Layoffs

[griefman]

Not sure what you’re sighing about?

Look at the worlds demand for all types of SUV’s, that has caused Ford to sell only a few models of sedans going forward in the next year or so, one being the iconic Mustang. As a result many makers are showing a cash discount on sedans on-line even before the negotiation process begins in the showroom.  Auto makers are more than happy to make as many SUV’s as possible because their net net profit far exceeds what they make on a sedan.  They’re happy campers!  Higher profit margins, high demand, makes a nice business to be in right now, as long as you have what people want.

Just like sedans, it seems the worlds desire for a diamond is decreasing, thus a lower value right out of the gate, but getting that commodity out of the ground has remaind the same or has become even more expensive.  If the demand is lower and the supply is lower, then it will balance itself out. If the demand is high and the supply is low, then than sets up a case for higher prices.

Does the world really need a new diamond mine right now?