yes he did. according to stockwatch he has put a buy on it 10 times and if you put $1000 into it each time for $10,000 in total you would only have $2 grand left today. personally I would prefer not to lose 80% of my money but thanks for sharing.
Peregrine Diamonds Ltd (TSX:PGD)
Shares Issued 226,213,480
Last Close 2/13/2015 $0.21
Monday February 16 2015 - In the News
John Kaiser, writing in a Jan. 26, 2015, Spec Value Hunter Comment, says buy Peregrine Diamonds Ltd. at 14 cents. He said buy 10 times between Aug. 28, 2008, and Feb. 24, 2014, at prices ranging from 31 cents to $2. An investment of $1,000 for each of the 10 buys would now be worth $2,035. Mr. Kaiser says Peregrine has the most extraordinarily undervalued collection of diamond fundamentals that he has seen since 1992, when diamonds erupted onto the Canadian resource scene with the discovery of Ekati. He says spec value hunters should take advantage of this temporary slump in market interest and information flow to acquire "a bargain-value position" in Peregrine, on the assumption that the Friedland brothers will finance a 2015 bulk sample at the company's Chidliak property in Nunavut, or find a third party to invest in the project for a minority stake. Mr. Kaiser says he does not expect any sharp price increases, but when the disappointed shareholders of the past four years have been replaced by new shareholders, who can see the potential for five to 10-fold gains, he says Peregrine will develop an uptrend. The uptrend should continue, he says, until the fourth quarter of 2015, when investors will want to see results confirming Chidliak's grade, tonnage and carat values.
Source: Stockwatch (Feb 26, 2015 19:58:07 EST)
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