Peregrine Diamonds Ltd. PGDIF

DDC is a buy

[oiltar]

From: james flannigan	7/19/2016 7:31:25 AM
	of 13385
DDC is a no brainer strong buy. while I do not like the JAY pipe from an economic stand point,they stock is very undervalued.The stock trading is not all that liquid trading ony 100,000 shares yesterday.Given the fact that the company will buy back $70 million or 6 to 7 million shares starting Wed its a great chance to buy shares today before the company can and know you have a future buyer at a much higher price. Regardless if DDC has or has not a great future the market has handed investors a future capital gain as the stock not being liquid caused the 52 week low SP range and that situation will reverse if a larger volume of funds flow from investors combined with the company funded buy back. James

[justanormalguy]

IMO.  Be very careful with DDC. The only reason they announced a share buy back and an intention to look at increasing their dividend was to counter the dud Jay Pipe results.  That is the only reason the stock price is holding.  One small unfavourable change in their input variables will put them at risk of even paying their fixed costs, and putting the mine on care and maintanance