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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 cudjoon Jan 04, 2018 1:35pm
103 Views
Post# 27281946

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:DeBeers

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:DeBeersshneps "If the DMS plant comes to fruition this is just the beginning of exploration...." DMS is going to cost millions they will need to raise, FS studies will cost in the order of 30-40 million which they will need to raise, and it appears the permitting which is in place for a supposed winter 2018 or summer 2018 program (it is getting late in the day to announce a financing and a winter program) will all cost millions..... that they will need to raise.....it is an endless suckhole, then, of course, pumpers will consider all the "other" riches, oil, gold, etc etc., rotflmao, sorry, the trading floors are "literally" littered with "other" psychosis induced promises hopes and dreams of surrounding riches.  Fact is CH6 is a small, (moved from TINY to SMALL this past summer) VERY nice pipe, 7 will be feed, and the other 8 potential, are just that, potential.  A little more research will also tell you that no institution will touch this, no analyist will touch this, despite what all the pumpers are claiming, because of the huge mound of paper, a part time pres/CEO and office, and the fact that they need more diamonds. There is hundreds of millions of more shares in your immediate future, on top of the hundreds of millions of dime shares here already, toxic as an investment, toxic to institutions, toxic to analyists, toxic to all but the main shareholders.  50% discounted rights for the next round means what? 6 cents?? That is why your shareprice has flat lined at 12 cents DESPITE the summers program and your claim of doubling the resource, which any major will tell you, drills are interesting but the proof is usually somewhere much below expectations when the rock starts coming out of the ground.  Longs keep hoping against hope that the next NR wil lead them out of the graveyard, sorry. The only thing IMO that will lead you all to the promised land, (and a shareprice higher than 12 cents) and mil has already mentioned it, is they stop exploring, just build the "damn" mine to go after 6 and 7 with a partner.

These are some of the practical considerations everyone must deal with when doing research on this company.  Dreams are just dreams and color the glasses a rosie tint, pretty and fun, and really, what is life without dreams, we all should have dreams, but there is no place for dreams to overtake reality when it comes to investing.  Best of Luck in 2018, may your dreams come true.
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