GREY:PGDIF - Post by User
Post by
jr_resourceon Jul 07, 2016 1:33pm
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Post# 25032412
Averaged up GAME ON
Averaged up GAME ONJust tripled my position at higher prices. I have been following the stock for over 5 years based on John Kaiser's recommendation. I took my first position about a month ago based on JKs estimated NPV and IRR for the mine and expected strong PEA results. Today I tripled it. JK is the most knowledgable of all analysts in Canada when it comes to diamonds. He understands the geological, and technical data better than anyone else. I would suggest researching him and deciding who is more knowledgable about PGD and diamonds, JK or the posters on this forum. Keep in mind he charges almost $1000 per year for his service and has been running Kaiser Research for over 20 years.
Today's news blew past my expectations due to the extremely conservative nature. I'm actually shocked how conservative they were. I have been investing in junior resource companies for over 10 years and have never seen such conservatism. Makes me think the Friedlands may try to take PGD private. DDC takeover is definitely also a possibility, they literally said they are interested in acquisitions less than 24 hours ago. DeBeers is gonna swallow their pride and come back knocking too I'm thinking given falling production.
Buckle led up boys and girls and get ready for a ride!!! GLTA