Peregrine Diamonds Ltd. PGDIF

.16

[madmann]

Throwing good money after bad?,  

I'm in, WTF!

 Averaging down.

[Longinvestor123]

A good purchase IMO. It would be very interesting to see how many shares each of the regular posters here have 

[mill44]

Only if you can sell it for a gain.

[madmann]

nibbling away here: Not much on the sell side to .18 315,000 on the bid at .15 after my 10k more get filled 9,500 0.155 0.160 12,000     315,500 0.150 0.165 2,000     14,000 0.145 0.170

[mill44]

You are right. Not much on the sell side (that you can see). The problem is that the 10-20.000 at 16c has been there since the morning and 250.000 shares have been sold since. Plenty of supply, even if it's not clearly visible.

[madmann]

True, I just took out the 9500 @ .155 and another 14,500 showed up at .16. However, if I cant sell them at > .16, then guaranteed no one is exercising warrants @ .21. I see a tax loss selling opportunity, right or wrong, they are the cheapest i've ever bought. A fool and his money.....................................?

[mill44]

I keep searching for signs of the light at the end of the tunnel, but all I can find is hope to unload for less loss. Go with US small caps if you are looking to getsome of your money back.

[ekim]

Don't look down the tunnel. The Diamonds are in the walls and back and floors. If you keep looking forward, you will forget to see what is all around you. LONG...PGD EKIM

[mill44]

I am looking at your picture and what I see is a fairy tale, unfortunately.

[ekim]

Don't worry, I also see a Disney copyright lawsuit happening. That will cost me way more then the PGD shares. LONG...PGD EKIM

[mill44]

Unless it's the chipmunks who come after you (for peanuts like the PGD shares).

[ekim]

Can never tell if you still own shares or not. Historically, I would say you still do..but that would be a guess. LONG...PGD EKIM

[mill44]

I wouldn't be here if I didn't. I don't consider that much fun laughing at people who lose a fortune.

[Fivecarat]

Paper loss if you stay the course...

[mill44]

The only reason I am not selling is because I know they will build a mine there. I just don't know if that will help us. We will definitely get more for our shares than this, but it is hardly a reason for joy. I guess it's all about how you look at it, no? There are people who give money for sick kids to realize their dream. We are doing almost the same, no? Just forget that it is

[racer-x]

Question is how to raise the money I can think of three or four ways better than this.

[mill44]

Better for whom?

[Fivecarat]

Exploration spec stock=high risk high/low reward...

[Gauwd]

fivecarat, maybe at 15-16 cents high risk = high reward, but to the investors who have been a number of years, in and out and in for me, low reward is more likely the outcome now because of the low financing price.

[Fivecarat]

Gauwd, agree unfortunately for long term holders but the same, warning if you will, was in effect way back when, and way into the future. It's the nature of the beast, and buyer beware. I hope I'm not sounding like I'm unsympathetic to long term holders, I am, even at .15/16 cents, it's still a risk of course.

[mill44]

If it keeps making new lows, soon even a 10 bagger won't get most of the longs out of red.

[ekim]

I consider warrants as leverage. I've bought most of my shares already that I had $$'s set aside for the warrants. Now I have the shares and I still have the warrants. Warrants are worthless right now...but do constitute significant leverage to the upside. $10 million out of the warrants for PGD vs. $300 million out of the warrants for SWY. I like PGD's leverage opportunity better

[mill44]

There is the obvious catch for anyone than plans ahead and does not go with hope alone. Buy PGD with the goal of making 4c, or just go with something else? I can only believe in an SP over 21c for the next 6 months if I see it.