Peregrine Diamonds Ltd. PGDIF

2.334 million shares

[cudjo]

short position, Aug 16, good luck

[mill44]

I am happy to hear that, Cudjo. That's a good thing. It can only help the SP,  will not hurt it. Those shares are already sold and the SP is still above the rights' price. Now they will be bought back or covered with the new shares. If bought back, that's buying pressure. If they are covered with rights, those 10c shares just turned into 13-14c shares by the short.

[cicerelli]

Nice explanation, mill. Really liked and appreciated it

[ekim]

I expected even more in the short pool for this time frame. As Mill stated..it is a good thing as these will be delivered directly into the shares rec'd...so those shares will not have a chance to be liquidated into the market as they were basically pre-liquidated by the short. That short position should disappear to almost nil come August 31st. LONG...PGD EKIM

[shneps]

Well stated Mill

[mill44]

It is hard to look at things and not be influenced by your bias. That's why I don't understand why do people prefer to have only cheerleaders on their forum. You want more views on something, just to see if there are any flaws with your idea. The sooner you realize that, the better for your wallet, so what's wrong with that?

[griefman]

Ideas and info should be encouraged, as should opinions, good or bad, just don't use them to make your trading decisions based on what you read here....and lately personal attacks have dwindled dramatically on this forum, wonder why?  I feel lucky I was able to substantially add to my position without effecting the SP in any way, worked out in a positive timely manner. Now off to da

[Silverwhere]

Less drama since you are in Hawaii Gerry.

[griefman]

no'u ka hau'oil hui hui mahalo

[cudjo]

Thanks mil, I concur, thought it may be higher, lets see what the next chapter is here. Good luck