Peregrine Diamonds Ltd. PGDIF

RE:RE:The market

[mill44]

I don't see how the results can be as bad as the market thinks. There is no real reason to believe that we won't get close to what we have already found.
The problem could be the timing and that the big guys never supported the price. it was never in their interest. If you have flow through shares, took advantage of the uptrend in the market and booked some nice profits, selling here to take advantage of tax loss and tax deductions, hoping that you still have time to get back in might mean a free ride with all the money you get back. It is worth the risk. Add to that that materials are pummeled, funding is as hard to get as it can be, and a take-over is out of question and you really cut risk to nothing.