Peregrine Diamonds Ltd. PGDIF

RE: RE: RE: all 34 duds?

[Durkastan]

All your post tells me is that the DD you did on PGD was extremely limited. You're making assumptions without any factual support at all. Management never promoted CH-6 as being a 1.5 ha pipe. Yet you're disappointed that it didn't show up on some list of >1 ha pipes. 

You know what they say about assuming, right?

Going back through the old press releases, the market was never "tipped off" about CH-6's grade - there was no way to know beforehand that it was going to yield such nice results.

Similarly, there is no way of knowing what the results of the remaining 35 remaining new pipes this year (and it is 35 - 33 more from Chidliak and 2 from Qilaq). Maybe they'll hit something substantial. Maybe not. But you can't say that they WILL or WILL NOT from any information that is available today. All you can do is guess, hope, pray, bash, or whatever is your fancy. Your suggestion that there is nothing worthwhile to come out of the 2010 drilling program is really nothing more than your "gut" feeling - you have nothing with which to back it up.

You made another profoundly dumb statement earlier about the location of the new pipes, suggesting that because they aren't near CH-6, they must be duds. That is just a ridiculously bad argument. I personally see the discovery of kimberlites far away from CH-6 as being a good thing - it means that there is potential in multiple areas of Chidliak.

I don't know how you could see PGD as anything other than a long-term play. The whole story for this company won't be told for many years to come. CH-6 itself is not going to make a mine - we know that already - we're going to need some larger kimberlites to be proven economic. These things don't happen overnight.

If you're going to have a negative view on this company, fine - I have no problem with that. But making outlandish statements, while clearly demonstrating your limited knowledge of this company, its history, and its prospects, only makes you look like an moron. Not to mention you can barely piece together coherent sentences.

Good luck buying in at 40 cents. I'll be the first to congratulate you if that ever happens. Until then, gtfo.