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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 cudjoon Feb 01, 2016 10:55am
76 Views
Post# 24512254

RE:RE:Valuations or Botswana

RE:RE:Valuations or BotswanaOnly news you will get from Botswana is they are folding up their tents because they didn't find any kimberlites, or,  they want to add another 300K to the budget because there JUST has to be some.  If they do release a kimberlite find in Botswana from the drilling done in Sept/Oct, expect lawsuits as that information they would have known months ago and would have been material to those shareholders who decided not to exersice rights.  So don't hold your breath.  As for valuations, go back and look at the CH6 pics and compare them to the CH7 pics, pompoms are going to pin all thier hopes on one stone, yes the 5 ct stone is valuable, and a couple of ugly yellow diamonds, almost half was bort, so valuations are not going to be near what everybody thinks they will be, sorry.  The company has no plans for the summer, they have none for the winter because they are low on funds, the only thing in front of you is an announcement after valuations that they are delaying the PEA because of 7 results, those results needed to be over the 1.3 cpt IMO.  They will need to raise more money to do some further exploration for more diamonds and another year is missed like the year they refused to play ball with DeBeers.  Share price has gone from somewhere like 80 cents to a dime since then, see you at 1.5 - 2.5 cents my friends.  Use your heads.  7 wasn't enough even if they try to do a marginal PEA, then think, they will have to try and sell something that may be marginally profitable into a diamond market that continues to fall badly. No bank is going to lend them a billion dollars, okay, you pompoms all believe 500 million, okay, play your game, no bank is going to lend them 500 million dollars.  So whats left, a white knight,  If someone like Luc decides to spend what they found in one or two diamonds, they may risk it, max you going to see then is 12-15 cents a share because of the paper.  If I see this, I will let you all know, and then you can buy more to average down and mitigate your losses a little bit. Your welcome.
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