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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 oiltaron Aug 24, 2017 11:37am
102 Views
Post# 26616993

Big jump

Big jumpIn CH-6 diamond inventory.
But the story can not get any traction due to the 3 last financings at lower prices to the market.
So it seems to me the market has factored in the increase of inventory but has a frett on about what happens next this winter when the company will need more money.

It is my thinking the market wants a producing partner and is not going to reward the company no matter how much more inventory is added.

I think if this program does not produce a higher SP the big holders might be forced to take it private.I have no idea what they would offer the minor shareholders.

Its very sad to see such a high quality asset get no respect.
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