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Bullboard - Stock Discussion Forum 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 Discussion

Peregrine Diamonds Ltd. > You have to
View:
Post by mill44 on May 18, 2016 1:05pm

You have to

give some credit to Oiltar, at least he brings some arguments to the table, unlike the clowns who all they can do is try to make  fun of sceptics, while ignoring that people here were told that CH6 bulk sample would change everything. Then it was CH6 valuation. After that it was CH7 bulk, then valuation. While those managed to add value to the project, they added nothing to the stock.
So where is the clear evidence that the clowns are right? The SP is struggling to hold 18c. There was some buying in the gold sector but that is hardly an indication that companies are looking to buy in diamonds.
I agree that the PEA is a major step and it could really change things, but for that to happen everything has to line up. Cost has to come close to Ekim's numbers and not to the average of previous mines. The management has to hold off on any attempt to raise money from shareholders. The turn in the resource sector has to hold, to be more than just an oversold bounce. These are just some of the problems that can derail at least the recovery in price, if not the whole project.
So yes, there is a chance that we finally reached the turning point, but I don't see any evidence that would give you the confidence to laugh at everyone who does not agree with you. And if you think it's only a couple of people on this board who think like that, then explain the selling once we are over 18c.
Comment by Kodiboy on May 18, 2016 1:19pm
Mill, your argument rests on what the clowns have said and for some reason you just don't get how this works.  This is not a horse race like the Kentucky derby, over in a few minutes, this is a marathon and not for everyone, so stop treating this like a race and stop giving people the impression that you are suffering finacial losses here, like your buddy Cudj, who can buy a new car on ...more  
Comment by oiltar on May 18, 2016 1:59pm
I have a saying by Warren Buffett. "the stock price is there to serve you not be your guide".