Peregrine Diamonds Ltd. PGDIF

RE:RE:RE:RE:RE:"Full Technical" Report - Thought

[mill44]

Agree, you want to have a stake in it, but an announcement about a partner is the only upside. Forget about reports and such. So unless you are counting on it, you shoud not be too invested in it. Even with an average return on your investment somewhere else, with that compounded over the years and reduced risk, in 20 years you would need to get 4-500% gain in PGD and still might not be worth it.
I am not saying that you should not invest in it, holding is a bad strategy. Getting out before rights would have saved you the 50% drop the company caused, or getting out with 50-70% of gain on your rights after if you decided to hold through would have yielded better results.
You are right about fast turning, I count on not less than 50c/sh if a deal happens. But that is also a problem for us. You have to find someone willing to pay that much.