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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 Apr 25, 2018 12:05pm
43 Views
Post# 27938341

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Institutional buyer

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Institutional buyersure guys, it is possible they want to do much more exploring, lets see how this works for shareholders, assuming they would want to do the same amount of work plus 5 mil or more for a DMS plant puts next winters budget at 17 million, at a dime that is another 170 million shares, assuming a dime works, based on sp today, more like 8 cents.  Then they have 610 million shares plus outstanding, with that float where is share price?  You all believe higher than today, too funny. share price is not going to go anywhere, it hasn't today with all the great news, then what, a pre feasabilty, then a FS, and another 500 million shares or more.  So now the float is 1.1 billion shares, but remember, its not dilutive....  The point is simple, IF you do not see a partnership merger or buyout soon, the paper will kill this stock, IT IS killing it now, LOOK at the shareprice to understand this, it is staring you in the face,  it ISNT the market for diamonds that is killing it, the pumpers have all said it here hundreds of times, the greatest, highest margin, best diamond field today etc etc etc.  All true???? but the share price is 16 cents......... the 16 cents keeps getting filled, with hundreds of millions of dime shares..... that is the koolaid your all drinking, it is the paper, period, simple.  If you do not see this, you have your heads in the sand.  BTW, for direction, the company already has shown us, in the last presentation before the PDAC one, after last winter results, they had pre feasbilty in the presentation. If they continue down the road of only exploration, without deep pockets, dead in the water until a massive share roll back.  Good luck.
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