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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 Mar 12, 2018 10:29am
60 Views
Post# 27700149

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

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

kid, I dont spend my weekends on BB, checked Sat morning as I was curious to see if there was going to be chatter on the sp.  As for you post.  On another rights offering, you have to look at 50 million to take them through a FS, 50 million at a dime is 500 million shares more than double the float.  IF they go that route, this stock is dead as an investment, close to a billion shares, then the reality that all the promises put forward in the PEA's and FS, are typically a fraction of what is actually pulled out of the ground.  Another rights is a death sentence for the retail longs.  But you are correct, it is possible, as the majority shareholders do not care about retail shareholders, never have, and never will.  This is not PGD fault, it is the nature of the beast.  If a rights, your other points are valid, except the risk of selling and re-entry.  IF you participated in the last 2 dime offerings, and you believe another one is coming, you have no reason not to sell, take your profit from the dime rights, and buy back in when it crashes again.  As for me, I got back in at .125, shorted twice now before the last 2 offerings, lucky some would say, probably to a degree, but calculated, as if you read my posts, they didn't have enough diamonds.  Do they now?  We now have approx 22 million carats, not world class, think 50 million is the benchmark, it would draw interest IMO.  I see a partner, the only reason I have not shorted and I am holding my position.  If I am wrong, and I have been, and you are correct, if I am awake, I should be able to get out before a major loss on an announcement of rights.  As for this being a mine, yes, as it being a sound investment, depends on what happens between now and production, billions + shares that will kill it, only a share roll back will make this look interesting.  Good luck.

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