Peregrine Diamonds Ltd. PGDIF

RE:RE:In all seriousness what hope is there here?

[mill44]

Highest premium to what? Where is the base? 12c? 5c? And the timeframe? What we know for sure at this point is that PGD needs about as much as its market cap is worth for further work. Then there is the capital to build the mine. So where are we on the Lassonde curve? For sure not where the speculators are entering, but did we reach the orphan phase? This was the first time that there was no speculation after a rights offering, so if more is coming I am sure PGD will lose its foster parents, too. 
PGD will reach the bottom when someone will take over the financing of the project. That will bring in the value investors, along with new speculators. That will help the SP but as to a premium for long term holders? You have to be a real optimist even if you just entered the stock to hope for a 5x return. The ones that have been averaging down would probably find 3x a miracle at this point.  Now if you are a dreamer, then you believe that PGD is going to make a new high one day.