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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

Post by cudjoon Jul 11, 2017 10:18am
97 Views
Post# 26454945

RE: No longer buy hold but a trade

RE: No longer buy hold but a tradethat is what is available now, unless your a stuck long,  think the rights caught everyone off guard, I was speculating that they were going to do another one but pulled when time extended past my comfort zone and it appeared something else was up. talks etc., the CC yesterday confirmed they were in talks, under the impression that they were going to make a deal until the dealmakers corporate pulled the rug out from under thier team, that is the impression I got from the call.  Leads me to believe they were talking to DeBeers.  Pick your spot now, my guess is any where between 9 and 11, buy up some half penny, or less Mr Bigger, good point, rights.  Traders here now have the upper hand, longs can play the rights game, but everything rests on what the drills find.  If the potential partners HO did not like what the first PEA presented and was offered in talks, a narrowing 6 will not improve thier hand.  Good Luck
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