Peregrine Diamonds Ltd. PGDIF

Long Road Ahead Yet

[k22k22]

History indicates that we should be down to around .10 in a couple of weeks, maybe sooner and then after the offering probably in the .07-.08 range.  At that point it must be getting very painful for many of the longs to accept how much of a return will be required to get back to their buy in price or whatever they have managed to average down to.  Even if the results are stellar in Jan it's still not going to warrant a price double or anything close, it's along road and even when the PEA is completed the mine has to be financed.  Everything that lies ahead will weigh more on the price than it will add to it.  That doesn't even take into account the effect traders and new entries at the .10 - .14 range will infict when they exit after their set goals.  Until the marco situation improves it's just going to be a brutally long road for any kind of play like this.  You could have sold everything on Monday and went all in on Square and come back here in a month and probably aquired twice the amount of shares with the same captial you exited with.  Many decisions to be made but one thing is for sure, it's a long road to building a mine and it requires money, figuratively and litterally in PGD's case.  After this there will not be much room left for another rights offering and any other financing will either add debt to the books or dilute the share price further.