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Peregrine Diamonds Ltd. PGDIF

Metals & Mining Industrial Metals & Minerals
"Peregrine Diamonds Ltd is a diamond exploration and development company with interests in diamond exploration properties located at Nunavut and the Northwest Territories in Canada and The Republic of Botswana."


GREY:PGDIF - Post by User

Peregrine Diamonds Ltd.
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Comment by bullwhip29on Jan 05, 2011 12:35pm
414 Views
Post# 17927837

RE: buy

RE: buyGarnair, what results are you referring to?

More micro diamonds and/or pipes are not material at this stage of the game.  The economics of this whole project are front and center now. Last year's CH7, CH6 results were potentially game changing, but unfortunately the numbers we got were inconclusive.  BHP's decision to not up their stake didn't help either. Whether they knew these results prior to making their decision is a debate for another day. IMHO, the stock is creeping closer to a major breakdown below the 200d MA and I'm not sure where it ultimately bottoms out. In addition, there is now a natural resistance point at $2.50, so these guys have got some work to do in the coming weeks/months. Will continue to watch and wait for now. At the very least, there will be one more major trade in this stock in 2011.

see previous post
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=28962019&l=0&r=0&s=pgd&t=list
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