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Good to see PNTV moving in the right direction. It is encouraging to me to see David Tice increasing his investment (or at least trying to protect it by supporting the share price), particularly since he has access to inside information. It has been a long wait, but it does seem that things may be starting to come together. Really like how low volume moves this share price, and pretty good bid support to go along with it...
Sure doesn't take much volume to move this price, does it? Wild swing today. Seems to be pretty good support around this level-each time it does drop below .07, always wants to bounce back. I think some good news out of the company will move this higher. Need some volume, but I am encouraged that most people seem contented to hold here...
Interesting article. Personally, I would welcome more regulation, if only to create a more level playing field for individual investors who can't high frequency trade. Also more investigators to keep the Market Makers honest. And although I think MMs get blamed for a lot of price action that they are really not responsible for, I believe that PCFG's share price has, at times, been manipulated. I don't know how else to explain how it has acted in the past months. Never in my wildest dreams did I imagine the price would drop like it did after the long awaited production news. Just defied reason, IMO. Anyway, still long here, and hopeful. Management on track, price of gold on track, and I think share price will eventually follow. But then again, what do I know. Really thought we would be much higher here, and it has kept me (and I'm sure others) from adding, at least until I see price has definitely bottomed. Looking forward to seeing this one play out....
I like the news. No, 5 million shares is not a huge number, but it is a start, and shows management is concerned about the share price and desires to do something about it. I, for one, appreciate this move. I also think that you can infer from this PR that production is going well. If not, the PR would have been about dilution, and not a buyback. And don't scoff about 5 million shares. I would love to own 5 million shares. And perhaps this may be an indicator of things to come. Just 5 million for now, but maybe more down the road. After all, PCFG just started production a couple of months ago. Yes PCFG could have used this $ to buy equipment or more property, but I like the fact that they are trying to help the share price, and not sitting on their butts waiting for this to continue lower. After all, isn't that the core reason why all of us longs are invested here? Management continues to impress me, doing everything they state they are going to do, from uplisting to producing gold, and I believe this stock will eventually move higher, reflecting its true value.
Hey, thanks much for taking the time and effort to go out of your way for the video and the pictures, and like everyone, glad you are OK. I was glad to see PCFG in action. It is one thing to read PR's, but to see the workers and heavy equipment through your videos makes me feel better about this company, and I am more comfortable holding this stock for the long run. Just more confirmation that management is honest and executing their business plan. Again, thanks...
Good news today. It really is a shame that the price doesn't reflect the way that this company is executing its business plan. They have done everything that they have said they were going to do, and more. It is for this reason that I continue to hold this stock, despite the disappointing price action. PCFG management has proven (to me, at least)that they are capable, and I believe that eventually the share price will reflect this in a big way. Patience will pay off. No way I would sell down here. I mean, look at what we own. A fully producing, soon to be profitable, growing, way undervalued, GOLD MINE. Just truly amazed it still sells so cheap...
Right. Well we knew it (web platform) was coming, but I'm glad it appears to be here. I would assume that a PR would be coming soon?
WOW...PNTV moving very nicely on low volume. This could run nicely on solid news. Hoping so at least...
Although a buyback right now would be nice, not sure that would be best for the company. They are not diluting, and that to me is what is important for a start-up company. Rather than a buyback, I think it would be wiser to invest their upcoming profits into expansion of the business. Buyback could come years down the road, perhaps. For now, concentrate on getting out the gold, and the share price will take care of itself...
Those are good numbers. I went through the same calculations earlier today and came up with slightly lower numbers, but still real close to the figures you posted. And these numbers should only get better with time as PCFG expands. I also agree with you that this PPS will soon turn around, quite possibly tomorrow. Still amazed at the sell-off, and how people have misinterpreted the PR. This company, IMO, is seriously undervalued, and though I hate seeing the price drop like it has, there is NO WAY I will sell down here. PCFG is not really even speculative anymore-it is a fully reporting, gold producing, well managed company that you can buy for .04. What a deal. In fact I think I just talked myself into buying more...
Lots of buys at the close-hopefully a good sign for tomorrow...
Come on herd! Stop selling and start buying!
Oh, the herd mentality is interesting all right. Only right now I feel like the herd is running me over. I'm holding, but a bit uncomfortable...
Wild ride this morning, but headed back up. No way I would sell down here. I know what I own and I'm impressed with the way PCFG management has consistently done what they have said they were going to do. No reason to believe that they won't continue to do so. I thought the PR yesterday was great news, so the sell-off is somewhat baffling to me. Would probably be freaking out, but I am in this as an investor, and not a trader, and as this was undervalued before-now its just plain cheap. Slow steady climb up IMO...
Wow, the news just keeps getting better and better. THAT was a very good press release. Excellent production numbers, lots of information for shareholders, great outlook for the future. Can't ask for anything more. I continue to be impressed by management and look forward to seeing this company grow...
The way I look at it, this is still a great opportunity. I'm in at an average of .025, so I understand the psychology about not wanting to buy at three times my average price. But profit is profit, and this one is heading higher real soon here IMO...
Was expecting early release of production numbers, but this will work too. I think after hours PR allows for big move tommorrow without as much of an opening bell spike and fall, which is good as it discourages flippers from buying in, and also discourages longs from selling to take profit. I'm loving this steady climb up. Kind of took the day off to watch this (self-employed, so the boss doesn't mind), now I'm looking to add...
That seems to me a reasonable estimate. Of course, like somebody said earlier, these pennies can really run, and it would not surprise me to see this take off in the morning, as there is a lot of interest building. I think PCFG is way undervalued, and plan on holding until it reaches what I think it is worth. Tomorrow should be exciting, but have begun to think long term here. Looking forward to seeing just how much gold they are pulling out of the ground...
Yeah, seems like a long weekend to me too. Can't really remember the last time I looked forward to a Monday morning....
Kind of a deterrent to me to buy when I can't tell how many shares it will take to move the ask...Pretty crummy in my opinion to list 5000 at the ask and have many more to sell...
I think .10 is a realistic close tomorrow. I made a guess on Tuesday of a Friday close between .10 and .12, and still think it is a pretty good guess. You couldn't ask for a better set up for a stock. The market is choppy (pcfg is supporting the rest of my portfolio, thankfully), gold prices skyrocketing with most analysts predicting still higher prices, and a company that really seems to have gotten its act together and is planning for the future. Plus, I'm seeing a lot of new people on this board (though I don't often post, I do keep up with it), and it has been on ihub's most active message board list for a while now, showing people are watching this one. By the way, thanks for all your research...
Anyone got any guesses as to Friday's close? I'm thinking between .10 and .12 in anticipation of production news on Monday, and then upward quickly from there. Just a guess, of course. Could be higher...
Nothing wrong with that if that's your trading strategy, I guess. I've done it before too, but I think that the people doing that with PCFG right now will be kicking themselves in a couple more days. My opinion is that if you want cheap shares you had better get them today, tomorrow, or the first part of Thursday, because this one is ready to take off. I'm looking to add around these prices...
I believe the production numbers will be good. And I think that management already knew that they were going to be good before they put that press release out. If numbers were not good, I'm not so sure I would have been in a hurry put myself on the line to share them-might have stalled in hopes deeper/different ore would improve results. I think it is a great sign that they have indicated the willingness to share production results on August 15th. They could have easily delayed this. Appears to me management has its act together, and PPS will soon reflect this....IMHO
Interesting chart analysis video for PCFG on the ihub main page (stock market videos at bottom of the page).
I agree. Very legit company and management is really gathering a reputation for doing what they say they are going to do. Getting current with financials and uplisting, and now production, just as they promised. They have my confidence...
That was a nice call DEE DOG...Already a nice gain a half hour later, and it would not surprise me if this closes green today. Very impressed with this stock. I like the fact that they are not using paid promotions. I also like the VERY positive sentiment from just about everybody following this stock, even with the last couple of days being a little rough. The core group of longs on this board are true believers in PCFG and will be well rewarded soon, IMO.
Not worried here...This will rebound quickly, IMO. Come on! Gold producing company with a bright future-tremendous upside potential. Production rates out in a couple of weeks almost guaranteed to make this a profitable company. What is not to like, except for today's price action, and I'll bet we go up from here...
Really thought that the much anticipated "production" PR would move this one quite a bit. A little disappointed, but at the same time recognize that this stock has been on a tear of late and most people suspected we were in production anyway. I think many people had made up their mind to sell some of their shares when production news came out and took some profits. I thought about it, but I just feel that this company has their act together and believe that there are great things to come here. Plus, I just love owning a part of an up and coming, GOLD PRODUCING mining stock. GO PCFG!!!
Yeah, Monk got me into this one too, but I did buy more after the FLD situation was over with. That was a crummy situation, but I always believed that PNTV was the best and most legitimate of his picks. I've got a friend who has close to a million shares of this, has talked with Mark Bradley, and he is very confident about this company. I wouldn't say I'm confident, but I am at least hopeful.
Thanks for the response. I hope you are right. One thing that has encouraged me in the past couple of months is that even though there has not been much volume, there has not been much selling either. It seems to me that most longs are willing to wait this one out. I am too. As you say, we'll see won't we?
I agree with you... I'm averaged in at .025 on three seperate buys and seriously contemplating buying some more tomorrow. Sure it is a risk, but it seems like much less of a risk than when I first bought. Profit is profit, and I really think this one is going much higher. It is so much more fun to be in these stocks before the run instead of chasing the run, and IMO the run is just beginning. Should be an exciting week...
Hey Everybody! Haven't posted on this stock, but I have held it for well over a year, during which the price has worked its way steadily lower. I like the concept behind the company, but the share price (and volume) is frustrating, to say the least. My question to anybody who feels like responding is what do you think a possible timeline might be for this company to implement their plan and thus increase the share price. I don't mind holding for a while, as I have lost some money on this one and price seems to have stabilized around current levels, but no news for quite some time worries me a bit. By the way, thanks mediaguy for all your work, and thanks for any responses in advance...
Hey Ya'll! Don't post very often but do follow this board and just wanted to congratulate all the longs (and management)on a nice week. I usually flip pennies, but this one caught my eye last year and I decided to hold, in part because of all the DD being done by many of you who post here. So thank you for that. It has been a great stock and I feel strongly that this run is just beginning. Going to continue to hold this one-don't get many opportunities like this!