Peregrine Diamonds Ltd. PGDIF

RE:RE:RE:RE:RE:RE:RE:RE:RE:another new low

[Kidlapik]

You are absolutely right about Momentum. What direction are we currently heading? I would say we are heading down, would a news release stating oil prices are down, the canadian dollar is down, here are some small results from our prep year and our finances stop that? I say no they would not.

Instead I would wait until January, when people have room in their TFSA / RRSP and any tax loss selling is over and then build momentum that would be designed at achieving a share price that favours people utilizing their warrants. People who currently have warrants just shelled out all kinds of money for that right. Are those same people going to quickly exercise those warrants?
IMO no they will not. So any news release and momentum building should be designed at winning those people over so as to avoid having to go out for further funding which is not only bad press but costly.

So I say again, why promote in December? I would release the bare minimum required now. Then start the momentum up fresh and hit it hard Jan-April.