Peregrine Diamonds Ltd. PGDIF

RE:RE:RE:RE:Optomism - feels good

[Kidlapik]

Thanks for the feedback Cudjo, here I thought he was simply implying all longs are stupid when he was actually facilitating a meaningful debate. My bad. My rebuttal.

I believe that we are likely to have another discounted rights offering at this stage however I still feel that holding and participating in said discounted rights offerring is a better play than selling everything and waiting for that given the off-chance a deal is made. Especially for long suffering longs who may still not be above water. Really depends on what your average share price is after 3 rights offerings and if you have the funds to fully participate in another $10-20mil rights offering of worst case 0.10/share.

I believe the argument for opening a position now is only valid if one has the funds to be able to participate in a rights offering if management goes that route and no-one should buy this stock on pure spec assuming a deal is a foregone conclusion.

I see the risk of selling and waiting for a lower entry point as valid for people who are above water now but comes with the risk of missing out on a deal that has an off-chance of happening. Would really have to come down to how one views the project and potential gains as well as ones ability to deal with another discounted rights offering.

In the end what can we really debate here? Hope and belief are not strategies however this does come down to being able to ask yourself do you think this will be a mine? does management have our interests or their own at heart? will their be a discounted rights offering or a deal?

Purely speculative and purely a matter of opinion.