GREY:PGDIF - Post by User
Post by
charnion Jun 11, 2015 2:03pm
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Post# 23821168
Summary of Kaiser's comments on PGD
Summary of Kaiser's comments on PGDWorse bear market in mining history. Buy the leaders that are trading at levels seen only with "moose pasture type" exploration projects of zero value. Opportunity ? Sure hope so.
Partial summary of Kaiser's comments on a Stockhouse editorial today ( no reaction at all by the market) :
"
June 11, 2015
4 stock picks: John Kaiser targets mining success stories
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image: https://www.stockhouse.com/CMSPages/GetFile.aspx?guid=f1838740-4c7d-4164-aa72-258892a8a696&width=76
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Peter Kennedy, Stockhouse
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John Kaiser had a mixture of good and bad news for investors who attended the recent Cambridge House CanVest 2015 conference in Vancouver.
The California-based Kaiser Research Online publisher said the junior mining sector continues to be stuck in what he called “the mother of all bear markets.”
“There is going to be no rising tide that will lift all boats.”
In that type of climate, he said the market will focus on a much smaller group than it has done in the past. It will be looking for individual success stories that may be tied to themes such as process innovation, fiat currency debasement, security of supply, and new uses for specific metals.
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Peregrine Diamonds Ltd. (
TSX: T.PGD,
Stock Forum). Trading at 25 cents, Peregrine has a market cap of $72.1 million based on 282.7 million shares outstanding. The 52-week range is 46.5 cents and 13.5 cents.
The company said 71 kimberlites have been discovered at Peregrine’s wholly-owned Chidliak project, which is located 120 kilometres from Iqaluit, the capital of Nunavut. Kimberlites are carrot-like geological structures that sometimes contain diamonds in economic quantities.
A key asset being utilized in Peregrine’s search for a new Canadian diamond district is a proprietary database acquired from BHP Billiton that contains data from approximately 38,000 kimberlite indicator minerals covering an area of Canada approximately three million square kilometres.
“Peregrine is one of my favourite diamond picks,’’ said Kaiser."