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This week is going by vary slowly can't wait till next week.
What's the SS here?
567
GL
I would like to know that as well
567
GL
I buy on fear, an old nasty habit.
Fox,
How do we know that the shares that are in our brokerage accounts are real and not air shares? Or is it that MM's are just running a giant Madoff Ponzi scheme and selling shares that have already been sold.
I'll ride my shares back down to .0002 (that's where I got a couple million of em' anyways) if that is what it takes to send these crooks to jail.
What's your best guess at the number of air shares? 100m, 500m,...more than the O/S count?
We'll get there...I got 1 kid in college and 1 more heading out in another year.. either we get there or the Mrs. and I will be under bridge with a shopping cart. (Now I know how T.T. got there so long ago.)
SG
Good post as usual fox. That scenario is just one possibility in the manipulator's bag of tricks. Let's not forget they control the carnival. They can slow the ride down or make it go fast. They are going to get their coins one way or another! MM's can take PCFG down as you point out, cover as much as they can at what they believe will be the lowest price they can force PCFG to....and then, they can let it run. In effect, they want PCFG as high as they can get it selling shares all the way up the spike. Say they sell 100 million shares (some of which they don't plan on locating and ever purchasing) between .10 and .30 on the run up, then the steam runs out, folks start taking some profits, PCFG pps heads back down, settles around .10 and the manipulators have bought back and basically covered the shares they did not own when they were selling to run PCFG up. Instead of buy low, sell high; they have made a nice profit by selling high first, then buying back low. The MM's control the carnival, and don't care if the ride is up, down, fast, or slow, because they know they make money unless the ride is stopped. Just another scenario to come out of their bag of tricks. Looking for Good things to happen here shortly with PCFG, Good Luck To All!
I know what you mean - I just can't imagine no profits after logging all those work hours with MSHA...something is being processed...
I got a partial fill 50,000.
i have a pretty small order at .0135 and it's still not being filled . . but now it's at .0136
Don't know about that. I just got filled at .0135.
Not I, I actually am fixing to buy more.
see and I took it as some of the MM's were covering their shorts and moving away from PCFG. So there are many ways to interpret Lowjacks statement.
Who else can feel the fear creeping in everywhere here...?
I took it as the MM's where reducing the number of shares they had at the ask.
Getting closer to crunch time the drive down has started to cover their bottoms before they can't hold this down any longer. Looks like they are trying to shake people from their shares. Have another 1 1/4 K being put in my account tomorrow to buy more of these cheap PCFG shares. Should get me about 85 K short of a Million.
Yep....won't matter to me in the least. Just trying to paint an accurate picture for those that would wonder why a producing junior gold mining outfit's stock would struggle so badly.
Well if you are correct foxwoodsfan, I hope the SEC and FINRA catch these people red handed and do something about manipulating this PCFG stock. But I dought they will because more than likely the Banks are invovled in this manipulation as well and it may even be the Federal Reserve having others do the dirty work for them. At somepoint I hope we get folks in D.C. that will clean house in all aspects of Government, SEC, FINRA and the Federal Reserve.
Well fox, even if that happens it is an event and not a trend. So the PPS would dive, the shorts would cover and the PPS would then recover and we are back to .08. So the longs here shouldn't care right?
Yea that statement can mean anything so I would like clarification on what Lowjack meant by that. Hopefully he will answer soon.
If they pull anything at all out of the ground, I don't believe they can take this back to the double zero's again, at least for long, at .009- .01, buyers will be pouring in trying to get the cheap shares, they (MM) spend a lot of time dropping the ask after a buy trying to discourage share holders, the last thing they want to do is cause a buyers feeding frenzy. I think .o12 is our bottom. I think MM's are hoping for something bad to happen to take us down, and if it doesn't they are SOL, PPS being flat for so long is purely the Market makers doing, to keep this in a range where they can cover if such an event were to happen. IMHO.
As everyone knows all the miners are down big today.
Seems like we should all hold our powder and get ready for the PPS war once the 10K hits ...
... 0.084 to 0.002 ... that´s one helluva dive for a Junior Gold producer though ... surely we are a stronger company than we were just 1 year ago ...
... I guess all we can hope for is some great forward guidance for Q1, 2012 ... and with no dilution of course !!!
GFTA
Here is how I think this scenario will go down and I welcome input and comments. There are a group of people who steadfastly claim that the PPS will go subpenny with the 10K. For the past 3 months the PPS has pretty much flat-lined in the .015 range and the daily average volume has been around 1.5MM shares, so in theory there's somewhere around 100MM shares changing hands in the past 3 months. Now keep in mind these are guesstimates, but with that said there's the potential that some group has placed their hands on a sizable amount of shares. We know the stock has been and is being shorted so......what would it take for this "group" to start dumping large volumes of shares thus driving the PPS down? Not much. They have a doom/gloom event coming up that they can easily play into and manipulate the price down easily if they just start dumping shares en mass.
Now, why would they do this? Because by dumping large volumes they are able to drop the price to a level where they can actually start to cover the "real" short positions which I think are waaaaaaaay down around .002 or less. Basically they've been paying up here in the .015 range with the intent to offset the huge loss short positions they face down in the .002 (or less) range.
I find it very interesting that these subpenny predictions have been made with such conviction and certainty time and time again over the past month or so, almost like someone or some group has some "inside knowledge". Anyone else find that interesting besides me, FINRA and the SEC?
MMs gotta cover before a big run possibly.
Z .. did you get these 0.0131s? Thought not .. MM games.
GFTA
BusinessAl .. 10K could be filed
... early (any time in the next 7 trading days)
... on the 30th March OR
... could be filed late (apply for extension)
I´m starting to lean towards an after hours release on Friday 30th March so we get the weekend to chew it over (just like the last 8K which still hasn´t shown up on iHub for some reason ... any ideas on that?)
GFTA
I'd prefer overtly and wildly optimistic, but ok. ;)
We have had previous runs but the news turned out to be alittle disappointing...I don't think it is an indicator at this point. People are cautiously optimistic.
I'm a little troubled that so close to report that there's no run and 39% short. Anyone have a positive spin on that?
Whats the deal with less MMs in Level2 all day?
GM all, pretty quiet over here this morning with less than 7 days was it until... Do we start seeing a constant uptick before the news. It would be great today....GLTA
Go PCFG
GM LMPA and all. there be funds. Z
Hey Zapito1, any new drivebys by your friend? Thanks again for the info... We should have news any day now..
I was wondering the same thing, glad you asked.
Don't you find it odd that it is so quiet and no run up? They are so tight lipped. Expecting the run up after the news this time, everyone is waiting instead.. works for me.
You guys think the 10k will come out after hours?
Same here. I am waiting until after news this time , however. Would love to throw an additional $20k at PCFG, just waiting for the right moment. When this busts open, or at least breaks .0165, it should run HARD. Will likely get some volume on anticipation of news soon?
G´Day PCFGers and Business Al .. 7 days MAX to release of the 10K (due 30th March if filed on time).
GFTA
i... cannot... wait...
increased my position by 130% since last time i posted. PCFG you better be getting 200-300oz+ last three months!
What are you guys reasonably expecting PCFG to announce the 10k
Lowjack when you say the MM count is dropping? are you talking about the amount of shorting shares are dropping trade wise or are you saying more and more MM's are starting to settle their PCFG stock investments and are moving on to other low range pink stocks? Just looking for some education on what you are saying :)
Shorts for today if they haven't been posted yed...
20120321|PCFG|492177|0|1254006|O
Thirty Friggen' Nine Percent (39%)
I sure as heck Mitch and Rob got something loaded and up their sleeves to make these guys eunuchs.
See you all in the a.m.
SG
A great post to help those in doubt, understand why something is wrong with PCFG PPS:
downsideup Share Wednesday, March 21, 2012 8:17:16 PM
Re: d0lphint0m post# 115465 Post # of 115471
I was an observer/participant in the room during some of the discussions that resulted in creating the problem... then acting in the role of the lone squeaky wheel pointing out what a really, really, really bad idea it was that everyone else in the room so badly wanted to make happen. Of course, I was already seeing those changes in context of understanding the massively bad impact already entrained in the repeal of Glass Steagal, when others were in complete denial about it.
The error in analysis you're making is, first, in the perspective adopted in how you address the question... which is just another variant on the error we discuss here often enough in relation to the confusion between "price" and "value"...
Price isn't ever the relevant focus... without seeing it in relation to value... and in relation to what manipulation of price intends to accomplish in relation to transfers of value.
Looking at it from the bottom up, with company specific focus ? They didn't formulate the purposeful errors they did in the changes in the rules they crafted... (and in the "enforcement" effort that ensures the rules there are also do not really matter) specifically to target SRSR. But, they DID formulate those rules with the specific intent of targeting EVERY small issuer... across the entire market... with a design that I had characterized then as an vastly enhanced "toll taking" function... significantly raising the costs of capital for all smaller company market participants... in exchange for no economic benefit for anyone else. It's a flat out "transfer scheme"... with no rational basis or justification. The impact of "the rules" adopted with SOX includes directly raising the (equity) cost of capital for ALL small businesses... in a scheme fully intended to sap the most productive segment of the economy, at an very early stage... to transfer vastly more of the value being created from those who are producing it to those who controlled nothing of value other than the rule driven enhanced power to exercise wrongful control over access to $$$... and it's only control, since it's not even THEIR money we're discussing.
The result was that the existing artificial limits imposed on access to the market were enhanced... that cost of access constituting a "price change"... imposing a greater virtual monopoly and a less functional market... that now requires that every small company has to surrender a much larger % of itself... for much less capital... than ever before.
You clearly see the result in the impact on the economy now.
The aggregate impact, initially... was a shift from what was originally roughly a 5% to 10% taking of equity as a "cost of access to capital" being paid as a toll to "gate keepers" just to access the market. The take in that toll, as a purposeful function of deliberate changes made in the rules... was initially doubled to roughly 20%... while existing access to competition, and emergent competition, were eliminated... reinforcing the monopoly control that "the banks" enjoyed in limiting issuers access to capital.
The rich have not gotten richer at the pace they have in the last two decades because they own Goldman shares.
They've gotten richer ONLY because they purposefully altered the rules to change the "tilt" of the playing field to require a larger % of value to flow to them... for no economic reason, and for no reason other than the change in the rules... that solidified existing monopoly control over access to capital.
We don't have a free market in finance... rather than a cartel of banks that control access to the markets.
Small companies, in the aggregate, create VASTLY more new wealth and new value than large ones can... so, it wouldn't have mattered much if they'd written rules that "only" worked in further limiting market access of the "large" market stocks...
The design created INTENDED to forcibly transfer a larger fraction of all value being created, and more over time, from those with the capacity to create it... to those with control over access to capital.
It is a top down scheme to benefit those already at the top... at the expense of those who are at the bottom.
"Price" is not irrelevant in the calculus that works to enable that purposeful, large scale theft of "value"... but, you're seeing the problem exactly backwards... in thinking "low prices" in the shares of small cap issuers are a proof of their lack of market relevance or value... rather than a proof of the effectiveness of the near monopoly control over access to the capital required to enable them in succeeding... which access now requires paying extortion to pirates.
The reality is... that the technology that is available to us now makes the role of the toll gate keepers who are extorting much MORE than that original 10%, then 20%, even more now... wholly superfluous. They provide no value in the "service" they provide that has them taking more while providing less.
It is not just SRSR that is being hobbled by the purposeful errors imposed in market function... that mimic the "logic" advanced, as here by dmbao... that justifies the effort in fraud being practiced in relation to mass transfers of "value".
You can see the nature of the impact on specific issuers easily enough... when you're aware enough of the origin in the imposition of the cost structure we have now, etc.
There is no RATIONAL reason to enable the "toll takers" we have in finance who are obstructing the flow of capital... no reason there should be a monopoly or a cartel controlling market access... in fact, no legitimate reason for them to exist at all.
There is no RATIONAL reason for market makers to exist. The only reason they do exist... is because of banks exercise of influence imposing rules that require they do.
We don't need the intermediaries we have... or the rules that enable them...
The only argument they have to justify their existence... is that they help to prevent fraud... but, what we see in fact, is that their existence itself is a fraud on the market, and the ORIGIN and SOURCE of other market fraud.
So, there's not a SRSR specific issue here... but, the reality of the market context that exists, matters here at SRSR as much as it does anywhere. The impact of the changed market context we have now is as apparent here as it is anywhere. There's still the generic issue in what "the rules" are... and what they do enable... that allows callow financiers to practice fraud and extortion as a matter of routine... and allows competitors to use the market functions that exist to disrupt the proper operation of free market competition... to prevent the emergence of competition they'd rather avoid. The aggregate impact makes our markets vastly LESS efficient than they would otherwise be... if we actually had free market functions rather than monopolistic practices imposed as the core feature in the capital markets.
Long live Spring Street Brewing...
strange where these shares coming from at this level.. Z
Welcome to the PCFG Board new posters! There is a great group here to help with questions and excellent moderators who keep it real and about as fair as it gets with posts. There's also many skeptics and that's OK. Please visit the IBOX for some very good quality DD as this has been several years in the making
Last years 10-k was much simpler as there was no production in 2010. This year from July on is more comlicated. The auditors hired last year seme to be very good at getting things done. I would expect the 10-k to be on time.
Good questions blue dog. The way I understand it they have to cover shorts within 3 days, same time you have before a sold stock is considered "settled".
In this case, they started shorting a long time ago and they have never done the final "cover", but instead they continue to renew the shorts, hoping to catch up one day. So this isn't necessarily new shorts, it could be in part, old shorts that keep getting renewed and carried forward every 3 days...or whatever it is.
Dee
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Welcome to the PACIFIC GOLD CORPORATION Board
,
COMPANY INFORMATION
WEBSITE: http://www.pacificgoldcorp.com
ADDRESS: Toronto HQ
Pacific Gold Corporation
477 Richmond Street
Toronto, Canada M5V 3E7
647-288-1508
CONTACT: Mitchell Geisler 416-214-1483 www.pacificgoldcorp.com
TICKER: PCFGSHARE STRUCTURE: (updated 2/22/14)
A/S is 3,000,000,000
O/S is 395, 366, 031
TRANSFER AGENT: "Olde Monmouth" (732) 872-2727
MARKETPLACE: Market Tier of the OTC http://www.otcmarkets.com/stock/PCFG/quote
MANAGEMENT
Rob Landau
CEO, Chairman
Mr. Landau has been the president and director of ZDG Investments Limited since May 1999. Mr. Landau's experience includes the founding and financing of development stage businesses. Previously, he was an Actuarial Consultant with a large multi-national consulting firm. He has a Bachelor of Commerce - Actuarial Science and Finance degree from the University of Toronto in Toronto, Ontario, Canada. Mr. Landau will be responsible for the overall operations and direction of the Company. Mr. Landau has also joined the Board of Directors.
Mitchell Geisler
COO Director
Mr. Mitchell Geisler has been the president and chairman of the board from January 2001 to April 2005 when he became the chief operating officer upon the appointment of Mr. Landau as chief executive officer. Mr. Geisler has been the treasurer and secretary of the company since October 2002. Mr. Geisler has more than 15 years of experience in the hospitality and services industry. From 1998 to 2001, Mr. Geisler was president and operator of the Toronto-based 52 Restaurants Inc. Mr. Geisler is a graduate of Toronto's York University in Toronto, and also studied at the University of Tel Aviv. Mr. Geisler, until June 2003, was a director and president and treasurer of GL Energy and Exploration, Inc., a development stage company engaged in the mineral exploration business. Mr. Geisler was also a director of Uranium Strategies, Inc., both mineral exploratory stage companies.Cindy Roach
Human Resource Consultant
Ms. Roach has over 16 years experience as an executive and consultant with group benefits and human resources administration. From 1990 to 2000, Ms. Roach was a group benefits consultant with a multi-national benefit consulting organization.John A. Rae
Consultant, P.Geo
Mr. Rae has been with Pacific Gold Corp since 2003 and currently acts as a consultant on the matters pertaining to our alluvial projects and operations. Mr. Rae is a registered professional geoscientist and project manager with more than 30 years experience working in many different areas of the mining industry. Mr. Rae's experience includes the design, implementation and management of mining projects from grassroots exploration to commercial production.
PCFG HISTORY
A "must read" concise history of PCFG by Ihub poster- Foxwood
Part 1: http://investorshub.advfn.com/boards/manage_msg.asp?message_id=68708849
Part 2: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68720624
PCFG BUSINESS PLAN
Pacific Gold Corporations plan provides for the acquisition and development of production-ready and in-production minng operations. Pacific Gold Corp. is currently focused on gold and alluvial base metals operations based in Western North America. Pacific Gold currently owns and operates four operating subsidiaries. Nevada Rae Gold Inc. currently owns and operates the Black Rock Canyon Mine located in north-central Nevada, the Pilot Mountain Reserves owns Project W, a large tungsten based deposit. Fernley Gold Inc., has acquired the exclusive lease rights to mine the Lower Olinghouse placers. Pacific Metals Corp. owns 24 unpatented lode mining claims in San Juan and Delores Counties, Colorado immediately south west of Bolam Pass.
PROPERTY INFORMATION
Nevada Rae Gold Inc., located in the Cortez Trend, "second-largest known gold resources in the world"
http://goldinvestingnews.com/world-class-gold-deposits/the-cortez-trend-nevadas-biggest-gold-fieldhttp://silverbearcafe.com/private/cortezover.html
http://www.safehaven.com/article/2702/the-cortez-story-part-four-profiles-of-sample-junior-players-1
Pipeline Mine areaJuly 27, 2011 PCFG announced that Nevada Rae Gold (NRG) had began production of gold from gravel screening at Black Rock Canyon Mine (BRCM) on Jule 13th. The Company also started shipping gold to the refinery for credit to their account.
Gold Production Initiated
August 2, 2011 ("NRG") a subsidiary of PCFG, has entered into a lease agreement with the owners representing a group of additional claims adjacent to NRG's existing leases and claims in Crescent Valley. This new group of claims is referred to by NRG as the B&B claims. NRG has agreed to lease a 75% interest in the B&B claims.The B&B claims area encompasses almost 2,000 acres of additional federal mining claims containing gold bearing gravels. The B&B claims more than double NRG's existing land area in Crescent Valley at the Black Rock Canyon Mine. The B&B claims have been previously researched and explored and have gold resources described in the Bharti Engineering and Robertson Research reports. The Bharti report outlines the total Crescent Valley resource as being almost 2 million cubic yards of proven gold bearing gravels, 12.6 million cubic yards of probable gold bearing gravels, and 30 million cubic yards of potential gold bearing gravels.
Production at BRCM since July 13th has totaled approximately 9,600 tons or about 6,500 yards of gravels. The processed gravels comprised the entire remaining stockpile at the BRCM as of June 30th. Included in the stockpile were mostly those gravels which the Company has identified as 'mudflow' as well as a limited amount of gravels that the Company considers normal 'pay' gravels (gravels that the Company has identified as its main resource). From the stockpile gravels the Company produced approximately 30 ounces of gold. The overall gold grade of the stockpile amounted to approximately 0.2 g/yd3. The mudflow which was a large portion of the stockpile had an average gold grade of about 0.1 g/yd3. The grade of gold within the pay gravels of the stockpile were between 0.3 and 0.4 g/yd3. Due to the commingling of the gravels over time (the stockpile was mined in 2007) an exact number for the pay gravels was more difficult to determine. The stockpile was mined mostly from the mudflow section (the mudflow being discovered by the Company through a seismic study on the drainage area) as part of a previous plan by the Company to test the gold grade of the mudflow, as this area was not previously mentioned in the historical reports describing the claims and leases of the Company. As a result of now processing a section of the mudflow and its apparent lower gold grade, the Company has decided to not currently mine any more of the mudflow material but to focus on its' previously identified pay gravels for the remainder of 2011. Depending on the world spot price of gold, the Company may return to new areas of the mudflow in the future. The mudflow is located underneath the pay gravels in the deposit and is relatively easy to bypass when mining.
Results of Gold ProductionFernley Gold Inc. Property
A subsidiary of Pacific Gold Corp., entered into a lease agreement in 2004 for the right to mine 36 claims covering 640 acres of the Lower Olinghouse Placers. The claims are known as Butcher Boy and Teddy, and are located approximately 34 miles east of Reno, Nevada just off Interstate 80. From historical reports, the Butcher Boy and Teddy Claims contain up to an estimated 445,000 ounces of gold in up to an estimated 30,000,000 cubic yards of alluvial gravels. The average estimated grade is 0.4 grams per cubic yard. This property is located in a rich mining area with extensive historical data available, including test and sampling results. The lease offers the exclusive right to mine for placer and lode gold, as well as other minerals and metals. In 2007 Fernley Gold, Inc. performed a limited sampling program that confirmed estimated gold grades as indicated in the Historical reports. The Company has filed a Plan of Operations with the BLM to begin mining operations. Once the plan is approved, the Company plans to begin mining and screening gravels on the claims and then process the concentrated ore offsite. Prior to beginning mining operations the Company plans to complete a seismic survey in order to acquire a complete picture of the gravel deposits.Pilot Mountain Resources Inc. Property
PMR is a wholly-owned subsidiary of Pacific Gold Corp., owns 30 unpatented mining claims covering 600 acres in Mineral County, Nevada, approximately 168 miles from Reno, Nevada, and about 21 miles east of the town of Mina.The claims cover a tungsten deposit with known mineral resources previously established per a pre-feasibility study prepared by Kaiser Engineers in the early 1980's. Resource estimates are over 9,000,000 tons and approximately 35,000 tons WO3, grading 0.386% WO3. Additionally there is the potential for significant copper, zinc and silver credits.
PMR Sales Option AgreementOn February 10, 2011,Pilot Mountain Resources Inc. ("PMR"), a 100% subsidiary of Pacific Gold Corp., entered into an Option and Asset Sale Agreement ("Agreement") with Pilot Metals Inc., a subsidiary of Black Fire Minerals of Australia, whereby Pilot Metals has secured an option on the Project W Tungsten claims owned by PMR.
The basic monetary terms of the Agreement call for Pilot Metals to pay PMR $50,000 for a 100 day due diligence period on the PMR mining claims. Within the initial 100 day option period, Pilot Metals has the right to exercise an additional 24 month option on the PMR claims by paying to PMR a further $450,000. During the 24 month option period, Pilot Metals may conduct physical due diligence work including sampling, drilling or any other work on the claims it deems necessary.
At any point prior to the conclusion of the 24 month option period, Pilot Metals may exercise an option and election to either purchase 100% of the PMR claims, for $1,500,000, paid as three annual installments of $500,000 each, and an additional $1,000,000 payment to PMR on the commencement of commercial mining operations, or Pilot Metals may elect to enter into a joint venture with PMR for the mining claims by paying a further $1,000,000 to PMR paid as two annual $500,000 installments, with each company owning 50% of the joint venture.
The total amount eventually paid to PMR will depend on Pilot Metals acceptance or decline of the options available. If Pilot Metals elects to exercise the second option and not proceed with the purchase or joint venture then PMR would receive a total of $500,000 but retain ownership of the claims. If Pilot Metals exercises the second option and then further elects a joint venture, then PMR would receive $1,500,000 in total and retain a 50% ownership of the claims. If Pilot Metals elects to exercise the option and then purchase the claims, then PMR would receive $2,000,000 plus an additional $1,000,000 when commercial production commences for a total of $3,000,000.
Legal Dispute on PMR
April 15, 2011 PCFG claims that they purchased 100% the Pilot Mountain Resource property from Platoro West Inc. in 2006. Following the announcement by PMR of the sales option to Pilot Metals Inc., a Black Fire Minerals subsidiary, Platoro West made a counter claims of ownership of the property. An additional diligence period was required in order for Pilot Mountain to conduct a quiet title action in Nevada to eliminate any potential third party claims against the Project W mining claims.
Resoluton of PMR Ownership
The Company's subsidiary Pilot Mountain Resources, Inc. ("PMR") has settled its Quiet Title action with Platoro West Inc. ("Platoro"), Wolfranium Resource Corporation, and William Sheriff. Under the terms of the settlement PMR is required to pay to Platoro 15% (fifteen percent) of all proceeds received from Black Fire Minerals subsidiary Pilot Metals under the option agreement between Pilot Metals and PMR. If Pilot Metals elects to not exercise its options then PMR will have two years to complete a new mining feasibility study on the Project W claims in order to retain ownership of the claims. Rob Landau CEO of PCFG stated; "We felt that our claim to title was very strong, however the length of time and money involved in fighting the dispute was considerable and we felt that the Company would benefit more from having our resources working immediately at the Black Rock Canyon Mine."Project W Option Exercised
September 9, 2011 Pacific Gold Corp. announced that Pilot Mountain Resources, Inc., ("PMR") a subsidiary of PCFG, has received official notice and payment of $450,000, from Pilot Metals, a subsidiary of Black Fire Minerals, that Pilot Metals is electing to exercise its 24 month option, to purchase or joint venture the Project W claims.
Pacific Metals Corp. PropertyThe company owns 24 unpatented lode mining claims in San Juan and Dolores Counties, Colorado immediately southeast of Bolam Pass. The claims are located at an elevation of 11,000 feet above mean sea level and are accessible by a dirt road that is maintained during the summer months by the United States Forest Service. The property, which is referred to as the Graysill Property, encompasses the historic Graysill Mine, a past producer of vanadium and uranium ore. The Graysill Mine is known to have produced vanadium and by-product uranium during a period of approximately twenty years after World War II. Before the mine ceased production, approximately 32,000 tons of ore were mined with a reported grade of 2.41% vanadium pentoxide and 0.09% uranium oxide. Incomplete production records from the Graysill Mine, the largest producer in the area, indicate that a total of 32,000 tons yielding approximately 52,000 pounds of uranium oxide and in excess of 1.5 million pounds of vanadium pentoxide were produced before the mine ceased operations because of low vanadium and uranium prices. Based on analyses of the results of the drilling completed by Vanadium Corporation of America, a third party had previously estimated a possible geological resource of 400,000 tons averaging 2.5% vanadium pentoxide. This ore body may also contain large uranium resources with an estimated grade of 0.08%, the reported grade at the Graysill Mine. These estimates would equate to an in-ground resource of 20 million pounds of vanadium pentoxide and 640,000 pounds of uranium oxide.
WORLD GOLD PRODUCTION
http://www.dani2989.com/gold/goldproduction2011gb.html
SEC FILINGS
Auditor HistoryIn the fourth quarter 2010 the Company engaged a new public auditing firm to prepare the past due Company audits for 2008 2009 and 2010.
PCFG engaged Auditor Jewett, Schwartz, Wolfe & Associates, P.L., the firm is PCAOB registered and completed and filed PCFG's 2008 year end statement.
http://www.sec.gov/Archives/edgar/data/1137855/000115895711000063/f10k123108.htm
^^^ 2008 Audited Financial Statement Filed With SEC Via 10-K 3/21/2011 ^^^On April 13, 2011, Pacific Gold Corp. (the "Company") notified Jewett Schwartz Wolfe & Associates ("JSW"), the Company's independent registered public accounting firm, that the Company had dismissed the firm because the Company desired to retain a different firm who could meet the Company's timeline for filing its overdue SEC reports. The decision to dismiss JSW was approved by the Company's Board of Directors.
During the Company's period of engagement from October 22, 2010 through April 13, 2011, there were no disagreements between the Company and JSW on any matter of accounting principles or practices, financial statement disclosure, or procedure, which disagreements, if not resolved to the satisfaction of JSW would have caused it to make a reference to the subject matter of the disagreements in connection with their review on the Company's financial statements for such periods. There were no reportable events (as described under Item 304(a)(1)(v) of Regulation S-K) during the Company's engagement of JSW from October 22, 2010 to April 13, 2011.
The Company has provided JSW with a copy of this disclosure and requested that JSW furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether it agrees of disagrees with the statements by the Company in this Current Report on Form 8-K. As of April 20th the Company has not received the requested letter from JSW.
Letter Received from JSW Filed With SEC Via 8-KA 5/9/2011
On April 13, 2011, the Company engaged Silberstein Ungar, PLLC, 30600 Telegraph Road, Suite 2175, Bingham Farms, MI 48025-4586 ("SU") as its new independent registered public accounting firm. The engagement of SU was approved by the Company's Board of Directors on April 13, 2011.
During the Company's two most recent fiscal years ended December 31, 2010 and December 31, 2009 and through April 13, 2011, neither the Company nor anyone acting on its behalf consulted with SU regarding either (i) the application of accounting principles to a specific transaction, either completed or proposed; or the type of audit opinion that might be rendered on the Company's financial statements, and no written report was provided to the Company or oral advice was provided that SU concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or (ii) any matter that was the subject of either a disagreement (as defined in Item 304(a)(1)(iv) of Regulation S-K) or a reportable event (as described in Item 304(a)(1)(v) of Regulation S-K.
10-Q Quarterlies & 10-K Annual Reports
http://www.sec.gov/Archives/edgar/data/1137855/000151597112000281/pcfg10q063012.htm
2012 2nd Quarter 10-Q/A
http://www.sec.gov/Archives/edgar/data/1137855/000151597112000152/f10q033112.htm
2012 1st Quarter 10-Q
http://www.sec.gov/Archives/edgar/data/1137855/000151597112000318/pcfg10ka123111.htm
2011 10 K/Ahttp://www.sec.gov/Archives/edgar/data/1137855/000115895711000423/f10q093011.htm
10-Q Filed with SEC 11/19/2011- 2011 3rd Quarter Financialhttp://www.sec.gov/Archives/edgar/data/1137855/000115895711000291/f10q063011.htm
10-Q Filed with SEC 08/15/2011 - 2011 2nd Quarter Financialhttp://www.sec.gov/Archives/edgar/data/1137855/000115895711000237/f10q033111.htm
10-Q Filed with SEC 7/19/2011 - 2011 1st Quarter Financialhttp://www.sec.gov/Archives/edgar/data/1137855/000115895711000219/f10k123110.htm
10-K Filed with SEC 7/12/2011 - 2010 Year End Financialhttp://www.sec.gov/Archives/edgar/data/1137855/000115895711000209/f10q093010.htm
10-Q Filed with SEC 7/6/2011 - 2010 3rd Quarter Financialhttp://www.sec.gov/Archives/edgar/data/1137855/000115895711000207/f10q063010.htm
10-Q Filed with SEC 7/5/2011 - 2010 2nd Quarter Financialhttp://www.sec.gov/Archives/edgar/data/1137855/000115895711000197/f10q033110.htm
10-Q Filed with SEC 6/28/2011 - 2010 1st Quarter Financialhttp://www.sec.gov/Archives/edgar/data/1137855/000115895711000195/f10k123109.htm
10-K Filed with SEC 6/27/2011 - 2009 Year End Financialhttp://www.sec.gov/Archives/edgar/data/1137855/000115895711000174/f10q093009.htm
10-Q Filed with SEC 6/7/2011 - 2009 3rd Quarter Financialhttp://www.sec.gov/Archives/edgar/data/1137855/000115895711000170/f10q063009.htm
10-Q Filed With SEC 6/3/2011 - 2009 2nd Quarter Financial
8-K & Other SEC Filings
http://www.sec.gov/Archives/edgar/data/1137855/000115895711000450/f8k120811.htm
8-K Filed with SEC 12/09/2011 regarding funding
SEC Filings Page
http://www.sec.gov/cgi-bin/srch-edgar?text=pacific%20gold%20corp.&start=161&count=80&first=2011&last=2011
SPOT GOLD QUOTES
2012 Spot Gold Projections
http://finance.yahoo.com/blogs/breakout/gold-rises-4-week-high-china-demand-boosts-192746697.html
http://arabnews.com/economy/article502255.ece
http://www.goldinmind.com/gold-updates-news/gold-price-forecasts.html
http://www.atlaspreciousmetalsexchange.com/goldman-ups-gold-forecasts-as-recession-risks-rise/
http://www.goldalert.com/gold-predictions/
http://www.marketoracle.co.uk/Article31088.html
http://www.forbes.com/sites/kitconews/2011/12/22/2012-outlook-gold-is-battered-bruised-but-not-beaten/?partner=yahootix
BELOW IS A LINK TO A VERY WELL PUT TOGETHER WEBSITE THAT MONITORS AND COMPARES MINING COMPANIES, THEIR RESOURCES AND THEIR FAIR MARKET VALUE. THE DEMOGRAPHICS OF PCFG SHOULD CHANGE DRAMATICALLY AS THE COMPANY ENTERS INTO PRODUCTION WITH THE BLACK ROCK CANYON MINE, BEGINS GENERATING A REVNUE STREAM AND ADVANCES OTHER PROJECTS:
PCFG's NRG VISITS, PHOTOS AND VIDEO
Nevada Rae Gold Processing Plant and Black Rock Canyon Mine
Zapito1 Video from 2/27/12 http://www.youtube.com/watch?v=2b7YOs2CpgE&feature=youtu.be
Johnny Trader visit: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58106714
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58110940
Johnny Trader photos: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58115491
Airdale1 visit: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=67216216
Airdale1 photos: http://i1083.photobucket.com/albums/j385/airdale2/022.jpg
http://s1083.photobucket.com/albums/j385/airdale2/?action=view¤t=021.jpg
http://s1083.photobucket.com/albums/j385/airdale2/?action=view
http://s1083.photobucket.com/albums/j385/airdale2/?action=view¤t=018.jpg
Airdale1 12-14-11 visit photos: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69986399
Airdale1 video: http://www.youtube.com/watch?v=4W3-nTj2s-s
http://www.youtube.com/watch?v=z9oGIVFg-is
Airdale1 12-14-11 visit video: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69982321
http://www.youtube.com/watch?v=AOYKRODODbo
dy0genes visit: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68317146
dy0genes photos: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68321563
BLACK ROCK CANYON MINE INFO & DUE DILIGENCE & LINKS
DD By: ZRock 6/1/2011
LINK: Mine Safety & Health Administration (MSHA) Website:
Lots of information here including logged operator hours, view 2011 to see proof of BRCM ramping up for production in 2011 http://www.msha.gov/drs/drshome.htm
BRCM's MSHA Mine ID # is 2602572
Satellite BRCM Viewer
The date of the satellite data is not confirmed however it is believed to be sometime in 2010, you can clearly see the development of the open pit mine and what appears to be a large open trench at the west side of the open pit, it is suspected that this is a test pit to confirm the 1.2M cubic yards of NI 43-101 compliant gravels reported by the company on the PCFG website. The haul road appears to be completely developed and ready for use.
PRESS RELEASES
2011 Press
Mar 8th http://www.marketwire.com/press-release/pacific-gold-corp-black-rock-canyon-hy-g-equipment-delivered-pink-sheets-pcfg-1407797.htm
Feb 14th http://www.marketwire.com/press-release/pacific-gold-corp-pilot-mountain-options-project-w-for-up-to-3000000-pink-sheets-pcfg-1395119.htm
Jan 3rd http://www.marketwire.com/press-release/pacific-gold-corp-black-rock-canyon-equipment-order-pink-sheets-pcfg-1374985.htm
2010 Press
Previous Years
http://www.marketwire.com Stock Symbol: PCFG
Link to most recent company filings with the SEC:
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001137855&owner=exclude&count=40
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