Peregrine Diamonds Ltd. PGDIF

50 Shades of Despondent

[angryolman]

Our new shareholders are probably homeless DD investors who pine for the days when that puppy wallowed around $11. But it must be hard for them to sink their teeth into the depressing stuff on here: up 50% from the last dime offering and we can't muster anyone (short, long, shorting) who has anything nice to say about this play or its fearless leaders. Think I'll go and self-medicate. AOM

[Kidlapik]

I have lots of good things to say about the project and the company. But I am also very well aware that financing is the biggest unanswered question and so far management has not been able to land a partner. Given that MPVD and SWY are trading at/near 52 week lows and multi year lows I find it hard to believe a partner would be willing to pay what Robert/Eric want for it at this point in time

[ekim]

I don't think it is fair to compare the performance of SWY and MPVD to PGD. Chidliak is very different then Renard and Gahcho Kue. Gahcho Kue sat on the shelf for a long time and MPVD with 49% ownership of it still had to come up with full capital contribution by the time construction came to a greenlight. They chose to finance the whole lot with aggressive payback mechanisms. That system

[ekim]

As far as being depondent. No one here is getting excited. IMO, the longs here won't buy into a sustained rally until it happens. A small rally is not something to really clap about...although from a new reader..a stock going up from 12 to 14 cents is a massive rally when put in terms of % gains. So they might be a bit odd seeing the lack of enthusiasm on here. With a small rally, even the

[mill44]

Actually, the longs should be the ones getting excited with the small move. The extra couple of cents should be enough to provide an opportunity for management to finance their next step with rights offering without completely destroying the SP. Unless my fear was warranted and the end goal is minimal share price. But if their greed has limits, then 10c is the worst we will see. No partner, 10c

[cottons]

Well, I have nice things to say about the project.  WE have diamonds BELOW the 600m drill cut-off, with the POSSIBILITY that some of the pipes connect further underground, all coming from one primary source (POSSIBLY a LOT MORE DIAMONDS!!) We probably have a few NICE COLORED DIOAMONDS!!  PINKS and GREENS, maybe OTHERS!!! POSSIBLY other valuable resources on the lease (GOLD, SILVER