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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 Jul 23, 2018 12:18pm
121 Views
Post# 28353418

RE:RE:RE:RE:RE:RE:RE:No bidding War

RE:RE:RE:RE:RE:RE:RE:No bidding Warmy bet is many of the tired hands freed up thier capital to find greener pastures, the smart money that jumped in between the dime financing and the 16 cent average are gone IMO. I would bet that the "long" longs are waiting another couple of weeks to see if a white knight comes to dance, and will surrender shares at the close of PGD business.  As an example, if you were holding 250,000 shares, the bid is 23.5, the offer is .24, selling into the bid means your okay to leaving up to $1,250.00 on the floor just to get out, as well as the trading commission. I can wait till September.  Little risk, doubt if DeBeers would pull thier offer, I am sure they have done thier dd, and if someone decides to take a run, even better.  I haven't seen any insider trades, so my guess is they will wait to move on in Sept as well.  Congrats to the smart money, to the long longs, this has forced you to move your capital into something else, the dream never materialized and the train never left the station, sucks, but there is always another dream out there, stay positive, thanks for the fun.  Good luck all.
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