GREY:PGDIF - Post by User
Post by
bullwhip29on Dec 08, 2010 1:07pm
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Post# 17818954
thoughts...
thoughts...Kaiser already put a ch6 update out
Seems to me that this could be dead money for a while. the announcement of more diamondiferous pipes along the lines of ch44 should be a given and isn't really material at this stage in the game. I guess there's always the chance of a wild surprise, which we didn't get when they announced CH6.
PGD keeping its head slightly above 50d MA and recent offering price, but I'm not sure if this is just a simple (and expected) dead cat bounce of sorts. I am guessing that if we were to breach these levels, a major gap down to the $2.00 - 2.25 range is possible.
We need more numbers and that's what 2011 will be all about.