Peregrine Diamonds Ltd. PGDIF

RE: RE: nice bid/ask apread at end of day.

[Durkastan]

Well, gscratch, it's hard to say what the best entry point is right now.

News will be rolling in semi-regularly for the next few months. Since you're looking at getting in, then you clearly are optimistic about this company's prospects overall. The way I see it, you are faced with event risk.

Are you more worried about:

A) Drill results being released soon that show impressive results from one of the new kimberlites, giving a large boost to the SP, thereby making $2.10 seem cheap,

or

B) A couple of successive releases showing disappointing results from several of the new kimberlites, putting selling pressure on the stock and giving you a lower entry point

There will almost certainly be a large boost in the SP at some point this season, whether it's from new kimberlite results or the results from the CH-6 or CH-7 mini-bulk samples. It just depends on which of the above events you see as more likely in the near term.