Peregrine Diamonds Ltd. PGDIF

Maybe

[mill44]

Silverwhere's mocking posts would be funny if the 130k bids down to 14c would not make the whole situation ironic. I don't know how many of the long term shareholders feel like laughing today.

[Kidlapik]

As a long term shareholder I feel fine, and thanks for asking Mill.

[mill44]

Good for you, Kidlapik. I always admired people who showed blind faith despite everything. I myself would feel better if the SP were above 20c.

[Kidlapik]

Thanks for that back-handed compliment Mill. Though I am not entirely sure what you are referring to, as I hardly call seeing Robert & Eric Friedland owning combined 40% of this company and Eric Friedland (Chairman of the Board) put up $1,000,000 of his own cash for 0 shares as a "blind faith" leap....but whatever.

[mill44]

There was nothing back-handed there Kidlapik. I am as long as you, have been for a long time. The difference between you and me is that for me the numbers are only one side of the equation. It is harder and harder to ignore the market and believe that the Friedlands will do the right thing eventually when there is little evidence of them even trying at all. You on the other hand only look at the

[Kidlapik]

I never said it would play out well for everyone. Just the people who can stomach the volatility and are fiscally capable of putting in more money as needed. PGD has given long term share holders first crack to maintain their positions and avoid being diluted. If you could not or would not pony up then fine, you had the chance FIRST. Management has never sold out the long shareholder (unless your

[ekim]

Kid....they just have forgotten the days when you would receive a share certificate for 100 shares in a comapny and if you wanted to sell it...while you would have to find someone on the street to purchase the certificate from you. Isn't it crazy how the industrial revolution started with all that shared ownership concept. Now we have Stephen Hawking announcing humans only have 100 years

[mill44]

Waiting for evidence does not mean that you have to miss the move. With most meaningful moves you can capture 80% of the gain by waiting for evidence of a turn, both up and down and manage to reduce your risk substantially. Even if your drawdown is just temporary and on paper, it's not worth it. With IVN that was between 80c to 1.10$ and around 4.40$. That is a three bagger and at least 60% of

[griefman]

I hear this quite often and I would like someone to explain to me why maintaining, or trying to maintain their share %, is really an issue with most retail investors? When I purchase a stock, and maybe I'm the crazy one, thinking about how my investment relates to the totality in a percentage wise, never enters my mind. I don't think, gee, I want 1% of this company and no matter what, I

[mill44]

Kodiboy, the other question I would ask is what percentage are you maintaining in this case. What is the final value of the company? What if the company gets privatized or sold to one of Friedland's shell companies for 50c? Then the percentage you maintained in a 1.5B company turns into a percentage in a 150M company. That would be a dilution in my book.

[mill44]

People like numbers here, so here is one: in 2013 50% of PGD carried a market cap that was twice of today's 100%, after 2 drillings and the PEA. Maybe percentage is not everything.

[Kidlapik]

For me it was about being given the opportunity to participate in financing at the same terms as other lenders. Though in every instance of this kind of funding in PGD's case there have been windows where shares could be purchased (without warrants mind you) at a lower price then the offering. Even at the 0.10c offering there was a small window to purchase shares at 0.095. For me I have always

[griefman]

Those are good points, but would you be so enamored to maintain your percentage at all costs? Its a good reminder that cash is king and if you don't have any at hand, you may not be able to take advantage of offerings now or in the future. Those that can't afford to take advantage financially will be left behind under water for a long, long time, or forever. As one of my previous post

[mill44]

There is a bit of contradictory statement in your post. Fair rights offerings and confidence in management's interests would not have created opportunities for you to lower your average. The opposite did.

[Kidlapik]

You are absolutely right Mill you should sell all your shares immediately!

[mill44]

Would you buy them? Actually, you don't need mine. There are plenty for sale.

[Silverwhere]

Inbox me mill if you want to end your PGD misery. I will buy your shares so you can have some closure & move on, and begin your long(er) journey back to normalcy. Just ask cudjo how his healing process is going. Yikes.

[cudjo]

when the trolls have nothing of value to add to a discussion, and reality is looking back at them, insults are the only way forward.  This is an adults game, not for children. Congrats to the longs on their faith and resolve, it will be many years, good luck