Peregrine Diamonds Ltd. PGDIF

Not so stupid

[angryolman]

Would it be irrationally exuberant to say that the share price is 58% more ridiculous than it was? Here's some math: Previous NPV $471 mil times 1.58 divide by 2 assuming a 50/50 JV divide by yesterday's market cap of $64 mil gives you a multiplier of 5.81. Multiply this by yesterday's closing price of $0.145. I get 90 cents but I'm cheating. I added 3 cents for the other 74 pipes. Makes buy-and-hold look a lot less stupid.

[cudjo]

angryolman, you could get your 90 cents, but not without a partner, waayyyy toooo much paper on the horizon otherwise,  it is that simple,  good luck

[mill44]

On the other hand a pattern of devaluing your on stock makes buy and hold look really stupid. Unless you want to pay to build a mine. That is why you have 500k shares up for grabs at 15c even when your math shows that they could be worth 90c.

[cicerelli]

500k @ .15 is only a 75k investment. It’ll get eaten up in a flash when the time comes. 

[cudjo]

yes 500 sharers is only a $75K investment, the trouble is the millions and millions of dime shares ready to backfil the 500K on offer now, this stock, despite the update, is really struggling, a couple of reasons, see above, and the capital reqired to move forward and the clarity, none at this point, of how that will be raised etc., that is why, at the moment, essentially dead money for the longs.

[schocor]

Is $30-40 million dollars invested in this project - AT THIS POINT - a good investment or a bad investment? I reckon it is a good investment - a terrifically good investment with the project PEA being what it is. End of story. Cudjo you seem to be stuck in the past; but he future looks bright. IPO investrors might never get back to even ($4). That's why you always keep some powder dry and don&

[cudjo]

thanks schocor, good investment, but the paper mountains it creates on top of the one already here is the concern for the lowly retail investor.  Also, you must let reality soak in on the PEA and future FS, always overstated when the glitter starts to come out of the ground.  Keep the powder dry for after the next financing announcement, IMO, I totally agree with you on the long term

[sunspec]

This post has been removed in accordance with Community Policy

[cudjo]

agree, good results, not unexpected, things indeed look brighter and better, all depends on what management does with this going forward, partner, things will start looking up, go it alone, more discounted rights, roll backs and dead money. Good Luck.