Peregrine Diamonds Ltd. PGDIF

Optomism - feels good

[schocor]

Well that was quite a good little week. Share volume was up, price was up, there seemed to be a steady hand (or hands) buying into the story of Canadas next and best diamond mine. Funding is obviously out biggest concern moving forward; my gut is telling me this weeks moves do not relate to pending financing news (hope I am wrong) but rather word getting out about the project and its robust economics. If mgmt can continue to tell the story and keep the shares price relatively strong, we are in an infinitely better position for the rights offering should that be required; my least favorite option. We are getting close to my cost position; well we will need a few more weeks like this but I am optimistic!! The diamonds are there, lets get them out.

[griefman]

Your guess is as good as any,  and when you really think about it, this uptake if indeed was a result of some kind of immanent financing announcement, then there’s most likely a leak, which i would find far fetched. So maybe you are right on, but yea, a few more smiles this Friday!  

[mill44]

Yeah, let's because otherwise this will be another reminder for the longs how stupid is to hold the stock. If there is another rights offering it will be what, the third, forth time for the longs that they are giving a 100 - 150% gain back, there will be only one word to describe them. So let's hope this time is different.

[Kidlapik]

Thanks for the judgement Mill so since holding a stock is stupid tell me right now...what should I do? No hindsight 20/20, right now, today. What should I do? Sell or hold? Easy to comment after the factor as you and cudjo are so quick to do yet I never see you guys express what someone should do before. Hard to be wrong that way eh?

[griefman]

Mill is never wrong, in his mind. Mill never gives advice, in his mind. Mill never makes predictions, in his mind. So, one has to wonder what on earth does he talk about?

[griefman]

One thing, for me anyways, is made clear by their response or no response at all to this uptick, is that it’s obvious who is so underwater that they can’t see anything positive in a SP of .175, and I guess you can’t blame them, it doesn’t feel good to lose money on the market for most. 

[cudjo]

kodi, dont know anyone who enjoys losing  money in the market, simple fact is, everyone does and it is rare anyone admits it, kind of like doing an interview at a casino exit, nobody loses to the house, good luck

[griefman]

Cudj, of course you are correct, no one wants to lose money, especially when doing nothing would have been a better choice... I owned my own gift shop with a partner way back when, but for 20 yrs, as a side investment, and we used to go on buying trips all over the world.  Sometimes we bought nothing and that upset me and my partner reminded me that as a buyer, not buying is just as

[cudjo]

kid, if your on BB looking for investment advice, you should not be investing, period, game, set and match, period, end of story, enough said, period, stop, etc., can I make that clearer???  This is a discussion board, if you want a circle jerk, go join a seminary.  Variety of opinions are an excellent way of viewing the world, if your preference is all one sided, you will never learn

[griefman]

Cudj,  maybe you have never heard Mill claim to be always correct, but I’ve never heard him say he maybe was wrong...do u see the difference?   As as far as attacking posters, at times, almost everyone does it to some degree, some more than others, but that’s included in an argument as well, is it not? Having fun is important, having fun at someone else’s expense is kinda wrong...but

[Kidlapik]

Thanks for the feedback Cudjo, here I thought he was simply implying all longs are stupid when he was actually facilitating a meaningful debate. My bad. My rebuttal. I believe that we are likely to have another discounted rights offering at this stage however I still feel that holding and participating in said discounted rights offerring is a better play than selling everything and waiting for

[griefman]

Kd, you hit it on the perverbial nail. To me, and maybe others, its not wether this will be a mine, it’s more about how are they/we going to get there in a financial way.  The product is there without a doubt now, and that’s not rocket science nor am I telling anyone anything new beyond someone’s understanding of what it takes to get there. We all should know by now why the SP is where it

[cudjo]

kid, I dont spend my weekends on BB, checked Sat morning as I was curious to see if there was going to be chatter on the sp.  As for you post.  On another rights offering, you have to look at 50 million to take them through a FS, 50 million at a dime is 500 million shares more than double the float.  IF they go that route, this stock is dead as an investment, close to a billion

[mill44]

Kidlapik, there was no judgment in my post. I just expressed the same hope schocor did that this run up has everything to do with news coming. As history shows, if they announce a rights offering, you cannot expect better than 10c. Then, just as before, if you traded the stock, you are OK. If you held long you are left to hope for next time. And even if you don't want to admit it, the chances

[griefman]

Mill said “there was no judgement in my post”. Huh? This is what he said ” Yea, let’s because this will be a reminder for the longs how STUPID is to hold the stock”. Huh, STUPID is not a judgement? He won’t admit to being wrong, wanna bet?  Gee, who does that sound like?

[mill44]

Kodiboy, that was no judgment. It was a simple statement. How would you call someone who gives up a 100% gain over and over again? Maybe my vocabulary is not as big as yours because I can only come up with a few words: foolish, gullible, crazy, dumb, stupid. IF there is a new rights offering.

[griefman]

Definition of judgment 1a : the process of forming an opinion or evaluation by discerning and comparing   careful judgment of the odds b : an opinion or estimate so formed   is not worth doing in my judgment 2a : the capacity for judging 

[cicerelli]

I’m here for a jv or a buyout 

[mill44]

That is my favorite outcome, too. Let's hope that is why the Friedlands are here as well.

[griefman]

Dino, u r here because you’re a follower that reads these posts on these forums and have no clue what is truly going on.