Peregrine Diamonds Ltd. PGDIF

700,000 NOW

[oiltar]

From: james flannigan	3/22/2016 8:54:19 AM
	of 12502
Lets guess CH-6 current 8.5 million cts increase to 11 million cts CH-7 4 to 6 million cts? Taking the totals to 15 million cts only for the upper portions of 6 and 7. James

[mill44]

Oiltar, based on the data available it would be foolish to expect surprise announcements, no matter how hardcore of a believer you are. Unless you know something that others don't, the risk/reward is not favorable here. The only surprise you can expect is a deal, and for a few, even that won't be a surprise.

[ekim]

The risk/reward was better at 10 cents...obviously...but I would still say it is still favourable. On the eve of a PEA/IRR/NPV that will advertise what Chidliak is capable of that implies a yearly cash flow at >> today's stock price. Where is the risk/reward problem? Are you looking at history and inferring to the future. I'm looking at the future and inferring into the future :)

[mill44]

If you or Oiltar can do a napkin calculation and come up with numbers, why would you think that others would not do the same? Or you think that because those numbers will move from the napkin to the news it will shock the market? Lots and lots of shares were bought at 10c and even more at 21. Eventually it will come down to how much people will want for those. Beside the cash flow, people will

[ekim]

Numbers did not budget for SWY and that was at an EPCM level. Anyone could have done those numbers 2 months ago and the same numbers now and calculating an increase of CAD$300 million in value? The fundamentals and robustness is there and a lot of investors turn a blind eye to it. However, I would strongly suspect (IMO) that a lot more eyes will look at a PEA versus drillhole data. Case in

[mill44]

Swy just makes my point. It's the change in sentiment and not the data that makes an impact on the price. I am not saying that you should sell your shares if you are unfortunate enough to be a long, but talking about 70-80c when people obviously don't want to take chances with the stock seems a little premature to  me.

[Kodiboy]

Mill, you just made my point, why would you invest at 70 or 80 cents two years ago?  When the risk was even greater.

[oiltar]

Don't look were a stock has been look were its going.PGD should be much further ahead of KDIs market cap.The depost quality of Chidliak is much much higher margin to Kennady. The valuation gap is going to close big time here and make a lot of fools out of some.Count on it. As Warren Buffett says "you don't know who is swimming naked until the tide goes out" The PGD tide is on

[Kodiboy]

James you may be right, you may be wrong...we don't know what we don't know, but isn't that what makes this so much fun and exciting?

[mill44]

I agree, you should be looking at where it's going. But right now there is little indication that it's toward 50c. But maybe you are a visionary and you will be right, then what's the harm for someone missing 4-5c of gain while waiting for a confirmation that the tide really has turned?

[Kodiboy]

Mill, I agree.  If we are in for a major uptick, then maybe waiting those 5 cents or so may not be that harmful if missed, but if I can read between Oiltars lines, I'm thinking he believes we will make an enormous leap forward in very short period of time...besides, maybe those 4-5 cents have already passed since the 10 cent days of doom and gloom, known as the Cudjo era. But y'all

[Kodiboy]

Mill, what I find hard to fathom, and I'm not bashing, is how you could get envolved in this stock when you did, based on this post about risk/reward not being in your favor right now. When was it in your favor? What would make it in your favor? Most I believe, would understand how risky it is investing in a exploration stock early in its discovery phase with the notion that the risk was in