Post by
oiltar on Feb 13, 2015 3:18pm
A costly mistake
Waiting for PGD to prove out its district is going to be a costly mistake.20 cent share will be gone in a heart beat:
Think about this:
Peregrine Diamonds Ltd. (PGD) dropped one cents to 17 cents on 200,000 shares. Peregrine, 13.5 cents in mid-January, rallied to 22 cents two weeks ago when stock guru, John Kaiser, called the company's Chidliak play on Baffin Island "the most undervalued collection of diamond fundamentals" he has seen since the 1992 discovery of Ekati. The modest -- and brief -- rally pales in comparison with Peregrine's surge to $4.65 in 2009, when Mr. Kaiser compared Chidliak in a favourable light against Ekati. Results since then have borne out his comparison for grade and value, but investors are still waiting for the tonnage to increase
Comment by
mill44 on Feb 13, 2015 3:37pm
So then not buying GENE late January, early February was a costly mistake? My significant other calls PGD a costly mistake, but never blamed me for GENE, though.