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Peregrine Diamonds Ltd. PGDIF

Metals & Mining Industrial Metals & Minerals
"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

Peregrine Diamonds Ltd. > almost 2.5 billion in diamonds in CH6
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Comment by mill44on Apr 07, 2016 11:31am
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Post# 24740926

RE:RE:RE:RE:RE:RE:RE:almost 2.5 billion in diamonds in CH6

RE:RE:RE:RE:RE:RE:RE:almost 2.5 billion in diamonds in CH6We did not need money right now. I have not heard any plans for capital spending at Chidliak, and Botswana should not see any penny from PGD, not without a spinoff.
This churning is just through the second financing, we have not even started to deal with the first. If we ever do, that will be the first sign of hope for the longs. That will be your clue to accumulate, to buy and hold. Until then, if you sell, sell everything, or at least half of your position. Any partial sale, especially if your holding is not from your lunch money, is working against your remaining investment.
About being a long, my advice is still the same. Be one if you are willing to participate in any upcoming financing.
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