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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 Kodiboyon May 07, 2016 1:59pm
114 Views
Post# 24850827

RE:9 years for SWY from PEA

RE:9 years for SWY from PEAA lot of good points raised today.

I doubt James bought 10's of millions of shares by himself, but maybe he did.

As I pointed out before, Pgd is still just an exploration company, so they need to explore.

They need to raise funds to do so, and as I pointed out before, rightly or wrongly, for SH, Swy issued over 3 billion shares in a good market place at the time with a strong local govn acceptance plus strong native leadership and presence and acceptance.  SH of Swy screamed bloody murderr, at least most of them on the forums, about that fact, but they have their mine. A lot of people, nonetheless, made lots of cash on the way, probably lots lost, probably like any stock situation with the averages against you.

MPV has the TIGS, lots of cash along the way, and yes Mpv was once a 50 cent stock, mind you many moons ago, but I guess if you were a SH at that price and still are, are you happy your 50 cents is now 5 bucks after 15 years? Probably yes.  The F bro's are not that much different in that regard, so will you be happy with your 20 cent investment now if in 10-15 years it's 2 bucks?  I will be ok with that.

Most SH or potential ones, want as much info as possible along the way, thus more exploration, a PEA and so forth, nothing unusual here. How many people thought exploring in the north was a sane idea at the time Mr Fipke stumbled upon his find, with some help of course.

As Mill pointed out, the F bro's are in this deep for a reason and you can be rest assured, they will be rewarded one way or another.  There is a saying in retail that you promote to your staff, think like an owner (provide good customer service) and the same philosophy translates to this situation as well. It's a simplistic view, follow the money, but in this instance not necessarily a crazy one.
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