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$PNPNF Power Nickel, Inc. is Powering Tomorrow: "The Critical Role of Nickel in Electrifying Our World"
DD link: https://reports.stocknewstrends.com/facing-a-20x-surge-in-demand-this-hidden-gem-could-be-sitting-on-a-potential-billion-dollar-nickel-deposit?utm_source=corporateads&utm_medium=affiliate&utm_campaign=pnpnf_us&utm_id=pnpnf_us
$PNPFF Power Nickel, Inc. engages is a Canadian junior exploration company, which engages in the acquisition and exploration of mineral properties. It is involved in exploring for nickel copper, cobalt, PEG group metals, gold, and silver. The company was founded by Verna Wilson on August 19, 1987 and is headquartered in Toronto, Canada.
PNPFF one for 100 reverse split followed by a 50 for one forward split:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
Here's another RS--1 for 100 followed by a forward split. So...it works out to a 1 for 49 RS?!?!
ROFLOL....
PNPFF: effective July 22,2016 a one for 100 reverse split:
http://otce.finra.org/DLSymbolNameChanges
Definitely a nice move today
$PNPFF
Thank you for your sentiments
In addition to a rather large stake ( for me ) with Pinetree
(1) I have an equally large stake in CEF* which has turned nicely
(2) A lithium ETF : LIT*, mired in the swamp for a long time
(3) A fertilizer ETF : SOIL*, also mired down for a long time
(4) A Uranium holding fund, URPT*, similar to PNPFF
(5) Gold Explorers ETF: GLD*, has turned nicely along with CEF*
( The THREE ETFs are from the Global ETF Family )
So PNPFF, which may be selling at a really nice discount - - but
we cannot know since Pinetree no longer publishes calculated
N.A.V.,ever, as far as I can tell - - PNPFF has not turned, but
CEF* and GLD* have both turned nicely for me at this time.
I think PNPFF is real gamble for sure, but since I took a large
stake 3 years ago - - AND SUFFERED BADLY AS A RESULT - -
to double down for only $700.00 was a simple move IMO
HAS GOLD BOTTOMED ?
Bob Moriarty thinks so :
http://www.321gold.com/editorials/moriarty/moriarty020116.html
. . . . perhaps for PNPFF as well :
http://www.321gold.com/editorials/gilburt/gilburt020416.html
Good Luck, gotta go to work
Until2017
until2017,
Maybe
just maybe - I have been in and out a couple of times
Gold is starting to break through some resistance levels, looking better all the time.
In the technology sector, I thought that POET would be further along by now.
If this is the bottom of the commodity sector, could get interesting. March of 2007 was real sweet, after that I was a little nervous hold any for too long. Need to understand the loan situation.
I am going to spend some time studying this one
Hope you see your double down play out before 2017, I may join you
Happy prospecting friend
$PNPFF
Is it time to double down ?
I bought 30,000 shares of PNPFF - - a little over 3 years ago - - at about
40¢ a share, on average, during that time frame.
BAD BUY ! . . . Bad TIMING ! ! ! !
TIME TO DOUBLE DOWN . . . See the image :
Doubling down cost me a little over $700.00. . . . EASY CHOICE !
GLTA
Until2017
I also am still following, don't own any at this point. Thanks for your input.
I do not own at the moment but do still follow waiting to see the next few reports if they clear up there debt will be a good buy
Stevebb,
Are you still following PNPFF ?
Price of Gold may have bottomed - world events may have helped to change that.
Could have an influence on some of PNPFF holdings
any thoughts
I notice that one of PNPFF's holdings; POETF is rebounding nicely today and was hoping that the trend in gold would continue and would be beneficial here also.
For now I watch closely
I sold out a while back I did like this at that time I have not read the direction the company is going since the debt holders took over
Stevebb,
Do you think it is a good point to buy some ?
Right timing on this one can be profitable.
The Case for an Explosive Surprise in The Price Of Gold
( By Rick Ackerman )
( Short short read, less than one page printed )
http://www.silverbearcafe.com/private/08.15/explosive.html
Late edit : ........ I DARE YOU by Bill Holter ( one of the good guys )
http://www.silverbearcafe.com/private/08.15/idareyou.html
Until2017
CAPITULATION in G0LD
One man's opinion
Robert Moriarty
http://www.321gold.com/
"Capitulation in Gold"
http://321gold.com/editorials/moriarty/moriarty072715.html
Read about Bob. ........ A man I greatly admire for his iron-clad honesty, honor and integrity.
https://en.wikipedia.org/wiki/Robert_J._Moriarty
His twin brother is an equally honorable man .
https://en.wikipedia.org/wiki/James_R._Moriarty
Until2017
ONE MAN's OPINION
He is a qualified Technical Analyst of high caliber, IMO :
http://www.safehaven.com/article/38394/gold-and-mining-stocks-bottom-is-imminent
How correct he is about gold and gold mining stocks remains to be seen. ........ Time is the great arbiter of all opinions and forecasts.
Geez, I surely hope he is correct vis-à-vis the bottom. ......... We have all suffered exactly enough with this lengthy bear.
( After you read this article you may want to read the comments following the article for a lively exchange of ideas. )
Until2017
GOLD WAS AT 1080 ( briefly ) today and then bounced :
http://goldprice.org/
For the last year or so the charts have been reliably saying that 1080 is resistance.
And there is resistance well below 1080 but I dare not think about that. ....... As a Pinetree Capital investor and a gold investor also ( some CEF ) I am in TOTAL DENIAL that gold could ever go below $1000.00
TOTAL DENIAL
Until
Some people were not pleased when I posted this in POST 0133 :
"If gold gets whacked again by the NY / London / Zurich / Belgium elite bankster thieves, to $1100, or even to $1000, then PNPFF is toast, at least until gold recovers."
((( .... I also mentioned the likely takedown of gold in Post 0137 and Post 0141. .... )))
At the time that I wrote Post 0133, the charts were saying $1080 was resistance. ........ A floor.
I DID NOT WANT FOR THIS TO HAPPEN ! ! ! ........ http://www.kitco.com/charts/livegold.html ........ Gold is $1092 as I type this.
The elite tribe of NYC and London based bankster thieves continues to have paper-power over the physical market.
BUT NOT FOR LONG. ........ But this is very hard for me to endure, and I wish their reign of thievery and financial terror could be stopped. ........ Of course, recent bankster thieves have all been chiefs in the tribe: ..... Alan Greenspan, .... Benjamin Shalom Bernanke, .... Janet Yellen .... and the most Orthodox Chief .... is Jack Lew . ........ How this tribe of Bankster thieves came to own Obama is one for the ages. ........ ( And we are not even mentioning Lawrence Summers, .... Robert Rubin,....Lloyd Blankfein .... or a horde of other tribe members who have gotten rich using ZIRP and NIRP to fleece the masses )
This debt-fueled reign of financial terror will begin to end once the sheeple awaken . . . .
Until2017
Slow and steady, I think I want more. If this is a true bottom, we have only room to grow.
Maybe something like this will help the breakout for precious metals
https://finance.yahoo.com/news/banks-face-u-manipulation-probe-054040110.html
Rich,
I hear you, Rich. HOWEVER, these guys made their living gobbling up miners and drillers that were desperate for capital and couldn't get it through more traditional sources. Like most of their ilk, they likely brutalized small companies that were desperate for cash, extracting punitive terms and take huge shares of equity for themselves. There called vultures. That's the nice term.
My worry with these guys is - the shoe appears to be on the other foot. I wouldn't get too carried away as long as these guys are busting their loan covenants and defaulting on loans.
Further, if I am correctly informed, there appears to be a major housecleaning of senior management and a reshuffling if Board Members. I HAVE NOT HAD TIME TO VERIFY THIS INFORMATION, but if true this is not a good sign and was likely forced upon the company by debt holders. I want to learn more about this. This makes me very nervous. Witness what's going on with Greece right now. "He that has the gold (even at these low prices??) makes the rules.
The shoe does appear to be on the other foot.
WF
Nice start today.
I believe that there is plenty of room to grow here. The risk to reward ratio in this case is well worth it to me.
http://finance.yahoo.com/echarts?s=PNPFF+Interactive#{%22range%22%3A%22max%22%2C%22scale%22%3A%22linear%22}
If the commodity cycle is truly bottomed out, and I believe that is is, PNPFF will rise again.
The average price of silver to extract out of the ground is close to $ 20.00 per ounce. Look at the sport price. Some mines are idling, some continue to post losses.
How much longer without out something radically changing can this go on ?
PNPFF is diversified and has potentially good technology investments also.
In connection with the execution of the Forbearance Agreement, each of Messrs. Roger Rai, Sheldon Inwentash and Marshall Auerback will resign from the board of directors of the company. As well, Mr. Inwentash will resign as Chairman and CEO of the company. Richard Patricio, the company's Vice-President, Corporate and Legal Affairs will assume the responsibilities of Interim CEO
Not sure if they are searching for a CEO or if the current guy is going to be permanent
Steve,
What is it that makes you believe they are looking at changing Presidents?
WF
I wanted to go all in on this one but If they can't meet the obligation then could be screwed. have to wait and see We also have to see if they bring in a new President or not to see how serious they are to keep this company going strong
The debt holders have agreed to an extension of the due date, pushing it out into June. This time frame is coincident with the anticipated move of POET to the NASDAQ, as recently stated by Poet's Interim CEO, Peter Copetti. I believe the debt holders will be satisfied when Pinetree's best asset quadruples or quintuples in value (which is basically what needs to happen if POET will meet the listing requirements - and they plan to).
IMO
well they can"t pay the debt holders they can require payment causing them to go bankrupt
"Pinetree is recognized as a value added partner in the resource industry.
Net Asset Value Per Share as at January 31, 2014: $0.80 (unaudited)"
Why do you believe that trading could be halted ?
I think many have forgotten about them
I made some money here once before and if we are at bottom for silver and gold (just these two items alone) will cause it to rise
Precious metals are only 39% of their holdings, they are diverse and have some excellent holdings in the technology sector.
I want to buy much more but I don't want it halted and my $ to become worthless they could end up liquidating
Would agree generally, I also like their holdings in CALVF
Their "golden" asset is, IMO, the 13 million shares (and warrants to buy 7 million more) of PTK (Poet Technologies). I believe the short-term potential surrounding that issue is what enabled the deadline extensions of the broken debt covenants. The resource stocks they hold are deeply in the toilet and any comeback THEY make will be merely icing on the cake.
The real asset here is their stake in Poet.
I am watching closely and starting to buy some.
http://finance.yahoo.com/news/beaten-down-stock-86-upside-214406128.html
Interesting perspective from last August
Is the bottom in for Gold and silver ?
I think so
until2017 RE: See NYBOB's post #103 :
investorshub.advfn.com/boards/read_msg.aspx?message_id=97604100
Even though CAL is in PNPFF's list of holdings, NY ( and I also ) think
it is a good idea to hold Caledonia, also, separately.
I owe NY for that insight. I have some, and need to buy more
as funds permit.
I bought some shares in March ( I wish I had bought more than I did ) and
I have gotten a good dividend twice since then --
in addition to a nice gain . Until2017
CALVF (Caledonia) pays a nice ($.08?) divy (end of this
month, I think) at $.64 per share and likely to keep climbing, having gone
through some change at CEO they are revamping to a more aggressive mining
campaign to dramatically increase production. They are a strong
consideration...although the political risk factor is there.
One of the earth lowest cost gold production - video -
http://caledoniamining.com/videos/Blanket_Mine_2014.mp4
CALVF has NO DEBT - paying 8% dividend -
http://www.caledoniamining.com/pdfs/Q3%202014%20Results.pdf
CALVF has cash in London bank - just about cover the market cap. -
CALVF TA in the buy zone - long bullrun UP -
http://web.tmxmoney.com/quote.php?qm_symbol=CAL
http://web.tmxmoney.com/quote.php?qm_symbol=CALVF:US
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers -
http://www.biblebelievers.org.au/monie.htm
God Bless
One of the earth lowest cost gold production - video -
http://caledoniamining.com/videos/Blanket_Mine_2014.mp4
CALVF has NO DEBT - paying 8% dividend -
http://www.caledoniamining.com/pdfs/Q3%202014%20Results.pdf
CALVF has cash in London bank - just about cover the market cap. -
http://web.tmxmoney.com/quote.php?qm_symbol=CAL
http://web.tmxmoney.com/quote.php?qm_symbol=CALVF:US
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers -
http://www.biblebelievers.org.au/monie.htm
God Bless
I think that the bottom is in for Gold and Silver.
If I am not mistaken, the average cost to extract is around $ 20.00 an ounce. Many mining companies have a near average total cost to extract gold at $900.00 - $1,000.
How much longer can the gold and silver( at a lost now for most miners) keep selling at these prices.
The price of oil is falling and helps reduce the cost to extract, yet we live in an unstable world and regardless of the strength of the dollar - something got to give here.
I just bought a starter stake, because the bottom is here in my opinion
and
http://finance.yahoo.com/echarts?s=PNPFF+Interactive#
this has a lot of room to grow to previous heights.