GREY:PGDIF - Post by User
Post by
xDeBeerson Aug 04, 2013 8:55am
312 Views
Post# 21649068
One mans journey with the PGD share price.
One mans journey with the PGD share price.Hello everyone. Here is my journey with Peregrine Diamonds starting at the very beginning:
- I worked for De Beers Canada and searched for kimberlites on Baffin Island in 2004. Alas we were at the wrong end of the island. :-|
- I left De Beers in 2005 and around the same time I noticed some very capable explorationists did the same and started working for Peregrine.
- Shortly after Peregrine started finding kimberlites in their Chidliak project.
- The geochemical and kimberlite indicator mineral sampling results on this project were fantastic.
- In 2009 I bought $25k of shares at 62c. A few weeks later the CH6 mini-bulk sample results were released and the share price took off. I bought $100k at $1.00 even.
- As the positive news kept coming I bought more up to $2.69.
- The share price went to ~$4.60. But alas, my research (and greed?) saw me ride this down to less than I paid.
So here we are now, and I am holding onto this thing until someone starts mining the diamonds from this group of kimberlites. Diamonds are rare don’t you know!
P.S. Glad I found this group. There are some very insightful and accurate posts here in my opinion.