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Peregrine Diamonds Ltd. PGDIF

"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

Comment by oiltaron Jul 29, 2015 8:00am
112 Views
Post# 23970594

RE:RE:RE:RE:RE:WillP

RE:RE:RE:RE:RE:WillPMoney in the bank?I know what I would do with it.I would keep just enough of it to reach the conclusion on the CH-7 results.Robert says the shares of PGD are undervalued.So then take that money and buy back undervalued shares to reduce the float now before they increase in value.Then post the CH-7 results to boost the share price.Then re-Issue the bought back shares at higher
prices than PGD paid for them to fund the PEA.Any other use of the money will not produce any market moving share price news as the CH-7 is already in the can.

But buying back $1 shares for 19 cents will give a mich higher funding share price to fund the PEA rather than letting it sit in the bank.We should all email PGD to do a buy back now while the share price is in the tank.
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