GREY:PGDIF - Post by User
Post by
Fivecaraton Feb 11, 2015 11:41pm
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Post# 23420812
From Will P stockwatch
From Will P stockwatch Eric Friedland's Peregrine Diamonds Ltd. (PGD) dropped one cents to 17 cents on 200,000 shares. Peregrine, 13.5 cents in mid-January, rallied to 22 cents two weeks ago when stock guru, John Kaiser, called the company's Chidliak play on Baffin Island "the most undervalued collection of diamond fundamentals" he has seen since the 1992 discovery of Ekati. The modest -- and brief -- rally pales in comparison with Peregrine's surge to $4.65 in 2009, when Mr. Kaiser compared Chidliak in a favourable light against Ekati. Results since then have borne out his comparison for grade and value, but investors are still waiting for the tonnage to increase.