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Bullboard - Stock Discussion Forum 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 Discussion

Peregrine Diamonds Ltd. > Never ending dumping continues
View:
Post by mrrbc on May 10, 2016 9:49am

Never ending dumping continues

Cudjo, you are certainly living up to your frothing dog handle.Dump, dump, dump - and yet the price is not eroding to oblivion. It would be a very dangerous game to short pre-PEA. I'd recommend you purchase some protective puts, but alas there are none to be had. GLTAL! Beware to all shorts.
Comment by mill44 on May 10, 2016 10:26am
You can say the same about Oiltar's posts. If this were so obviously undervalued, you would not struggle to find buyers at 18c. It is clear that the market is equally interested in the other set of numbers. They know what's under the ground, now they want to know how much to dig it up and how will they get the funds for it.
Comment by mill44 on May 10, 2016 10:39am
With the last set of news it is hard to imagine this ever going back to 10c, but the market is not ruling it out. I think the big question is 500M or 1B. Ekim says margin is king, but the market seems to say that no matter the margin, there is no way that PGD can get their hands on 1B, or not without major blood loss.
Comment by MrBigger on May 10, 2016 11:31am
PGD has a hard time getting their hands on 7 million let alone muliples of 10's of millions. This is not a KDI. Price being supported at these levels indicates another financing is imminent. I called it on OILTAR's SBB and also on CNL. Both boards pooh pawed the notion as both companies had 10's of millions in cash and within day's of my prediction. BOOM!! Financing's ...more  
Comment by ekim on May 10, 2016 11:39am
I agree with another financing...especially if they can't line up a partner. With the PEA finally out in the public, my suspicion (as already mentioned), is that a handful of analysts will start following PGD. Analysts usually want to be able to buy in bulk at a fixed price. Aka. Private placement. If they have pre-determined a price, depending on how the market reacts, it could stifle a ...more  
Comment by Kodiboy on May 10, 2016 11:57am
Another financing at whatever price is agreeably a notion worth consideration at this stage of exploration and development and should not be looked at as a negative event, but as an opportunity to buy in some more if you believe in the play and I for one would welcome a ten cent financing again now that I have some extra funds to take advantage of such a welcoming price, just like our resident ...more  
Comment by ekim on May 10, 2016 11:50am
Interesting timing with that KDI financing. Send all the potential stakeholders to site and close the deal before the initial bulk sample results come out. At that time, KDI has an accelerated schedule. the PEA for KDI was going to even beat PGD's PEA and a whole FS was going to be done by the end of 2016. NI43-101 was going to be done by XMAS of 2015. Once they got that big pile of cash... ...more  
Comment by Kodiboy on May 10, 2016 11:31am
Mill your observation is again so self serving and ridiculous concerning James and Cudjos post. James post had comparison numbers between Diaviks pipes and Pgd's CH6, and Cudjos post was a personal attack on James for being a pumper...where is the valid justification to compare those posts? As far as this being undervalued or not, all stocks seem to take a breather now and then, and thus it  ...more  
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