Peregrine Diamonds Ltd. PGDIF

RE:RE:RE:RE:Dominion Diamonds

[robybob]

thanks schocor,

I have been here a very long time, and I have participated in the financing (s).

It doesn't take a rocket scientist to know I am still under water, and the prospect of raising up to 25 million to "see" if this becomes world class, at a dime or less makes me want to puke, to put it bluntly.

Shelve it or a hugely bloated float is what you see in the future, cudjo's billion+ shares, 25 million at a dime puts the float around 700-750 Million before any FS, that is a LOT of dime, or less, shares just to see if this is world class.

That makes it very difficult for the share price to ever recover without a major rollback. 

It may be time to roll over and die IMO, the junior market has been dead for a long time, not much life left in it for diamonds, not when you can make them yourself and have Hollywood market them for you.

I am thinking that selling my shares into any PEA volume is looking like the only way out now.

With the senario you outline, not sure how any retail "long" as in us old timers here, can possibly make any money. 

Thanks.