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I suppose it's just the cost of bullets to try and shoot fear into a stock holder on the fence.
If you look at the few 100 share trades that have gone through on the time and tape, you can see their purpose was to drop us a notch.
Time & Sales
Price Size Exch Time
$0.0310 100 OTO 14:59:59
$0.0320 35,000 OTO 14:39:38
$0.0310 20,000 OTO 14:35:00
$0.0320 35,000 OTO 12:53:16
$0.0320 25,000 OTO 11:48:10
$0.0325 5,000 OTO 11:42:56
$0.0325 12,000 OTO 11:34:26
$0.0325 124,400 OTO 11:33:58
$0.0325 22,000 OTO 11:33:53
$0.0325 300,000 OTO 11:33:24
$0.0325 20,000 OTO 11:32:02
$0.0325 3,000 OTO 11:22:42
$0.0325 4,414 OTO 11:11:44
$0.0325 100,000 OTO 11:09:14
$0.0330 7,000 OTO 11:00:04
$0.0332 3,000 OTO 10:31:59
$0.0325 5,600 OTO 10:19:13
$0.0325 5,000 OTO 10:19:00
$0.0330 5,400 OTO 10:18:53
$0.0332 101 OTO 10:14:51
$0.0330 194,600 OTO 10:12:21
$0.0332 1,000 OTO 09:59:28
$0.0332 7,500 OTO 09:56:13
$0.0332 100 OTO 09:54:14
$0.0330 15,500 OTO 09:49:58
$0.0321 100,000 OTO 09:42:58
$0.0330 3,000 OTO 09:42:57
$0.0321 25,100 OTO 09:42:51
$0.0321 20,000 OTO 09:42:38
$0.0321 50,000 OTO 09:41:39
.007 to .031, death spiral????
I dont know Robo, so far I've seen a couple of good return salvos to your caustic contrarian mantra. But what the heck, It's a good sign you've returned.
My mind pings off the daily thread
of what PCFG supporters have said.
Oh shure, a bash or two comes down the pike
but in the end what's not to like.
A plethora of news is on the horizon
and soon we'll see how all this ties in
to how our company can beat the statistic
to rise from the ashes in a manner ballistic.
Five five five five six six six. That's the number of shares traded so far today.
Warren Warren Warren,
Any 2 1/2 cent stock is a long shot, but most of the people on this board feel that this is the best "long shot" that money can buy in Penney Land because of the perfect storm concerning price of gold and management arrising from the ashes by doing what they say ther're going to do and getting financing to move on it. There's nothing anybody can tell you here to make you feel better about your supposed investment if you haven't felt better by now.
Capital move Wolverine.
Well done Hink.
Right now it takes about 8 ounces of gold to buy 1 share each of all 30 stocks on the Dow Jones average. Historic average is about 10 ounces of gold. We're not that far below the average right now.
AT the current leveal of the Dow, an historic freak out level like 1980 would be 2 ounces of gold to buy 1 share each of the 30 stocks on the Dow Jones average. That would put gold at $6000 an ounce. History does tend to repeat itself.
Welcome to the club Floyd. I hope we can all meet in Vegas for a celebration in the not too distant future.
Gold has been goosed all of the sudden, $1544.
Just picked up 9800 more shares this morning at the ask. I've been here since 2006 and I'm not worried about a couple tenths of a cent. I've never seen a Penney Stock with such good chances of becoming air born.
If anybody want's to read the article about Black Fire, which doesn't directly have anything to do with PCFG, here it is:
06/01/11
Black Fire Minerals (ASX: BFE) due diligence on the Longonjo Rare Earth Project in central Angola provided some 'highly encouraging' results, with the company entering into an option to purchase agreement for a 70% equity interest.
As part of the due diligence process, Black Fire conducted an 88 sample trenching, pitting and rock chip geochemical sampling program, which returned highly encouraging results.
The primary target was the Longonjo Carbonatite REE Prospect.
Black Fire said the prospect comprises a large rare earth element, niobium and phosphate soil geochemical anomaly with 0.5% cerium, and is in excess of 2 kilometres by 1.5 kilometres, and is currently open to the southeast.
Trenching results included:
- 17 metres at 3.72% total rare earth oxide (TREO), 4.3% phosphate and 0.29% niobium;
- 19 metres at 3.54% TREO, 4.3% phosphate and 0.30% niobium; and
- 16 metres at 1.60% TREO, 6.6% phosphate and 0.33% niobium.
The best bedrock pit samples included; 18.91% TREO, 11.54% phosphate and 0.32% niobium, and 18.06% TREO, 7.77% phosphate and 0.8% niobium.
Black Fire said that although the assays are dominated by light rare earth elements, the tenor of the results are highly significant.
Of the 88 samples, they averaged 1.5% cerium oxide (peak 9.48%), 0.7% lanthanum oxide (peak 5.17%), 0.6% neodymium oxide (peak 2.77%), 0.2% praseodymium oxide (peak 0.87%) and 0.1% samarium oxide (peak 0.24%).
Adding to the potential for more encouraging results, a further 575 soil samples collected on a 100 metre by 100 metre spacings and covering the “open” southeast extension of the current soil anomaly are still pending, and are expected within two weeks.
Importantly, the project is close to infrastructure including the regional city of Huambo and road networks, as well as the recently recommissioned railway to the port city of Benguela, which passes less than 3 kilometres from Longonjo Carbonatite.
In addition to the Longonjo REE Prospect, copper-gold-uranium-iron mineralisation and historical mine workings have been discovered at the Cassenha Hill Prospect which is located within the project.
The best rock chip assay results include 9% copper and 6g/t gold.
To move the project forward quickly, Black Fire intends to immediately commence an aggressive systematic exploration program with early stage drilling at Longonjo planned to commence in July.
C'mon, who would sell 2k shares at .0225?
Please, don't get your nickers in a twist. MM craftsmanship at work.
I believe the pr is from Black Fire Minerals, not Black Rock.
Well, the only consoling thing about full production coming in June instead of last March is we'll most likely get more money for the gold we sell.
I bought into this stock for .58c a share back in May of 06 and it has never revisited that level yet anyway.
A nice chunk of support at .023
These are the last four trades, thin volume. Perhaps small lots.
$0.0260 3,000 OTO 15:34:45
$0.0259 5,000 OTO 15:34:41
$0.0250 1,000 OTO 15:34:09
$0.0258 6,000 OTO 15:34:09
Here's what others have done today.
Time & Sales
Price Size Exch Time
$0.0259 2,200 OTO 15:17:22
$0.0230 30,000 OTO 15:13:17
$0.0251 10,000 OTO 15:13:10
$0.0259 35,000 OTO 15:11:39
$0.0259 20,000 OTO 15:08:52
$0.0260 5,000 OTO 15:06:57
$0.0260 100,000 OTO 15:06:52
$0.0263 150,000 OTO 15:01:55
$0.0263 25,000 OTO 15:00:48
$0.0259 5,000 OTO 14:58:54
$0.0263 25,000 OTO 14:56:55
$0.0264 25,000 OTO 14:54:54
$0.0259 25,000 OTO 14:54:10
$0.0264 35,000 OTO 14:54:09
$0.0260 5,000 OTO 14:54:00
$0.0260 25,000 OTO 14:52:47
$0.0260 22,000 OTO 14:52:22
$0.0259 5,000 OTO 14:50:29
$0.0259 205,000 OTO 14:50:26
$0.0259 60,000 OTO 14:50:13
$0.0259 23,000 OTO 14:49:00
$0.0259 12,000 OTO 14:40:43
$0.0259 110,714 OTO 14:34:23
$0.0259 15,000 OTO 14:31:23
$0.0259 100,000 OTO 14:28:19
$0.0259 50,000 OTO 14:24:11
$0.0259 50,000 OTO 14:23:58
$0.0259 3,861 OTO 14:19:11
$0.0259 15,000 OTO 14:18:26
$0.0259 10,000 OTO 14:18:24
True, usaully the most expensive advice is free advice.
I'm getting the feeling the Government is gonna make a healthy chunk of change off me this year, or better yet, next year.
I feel the MM's desperately want to hold this back so they can gap it up in the morning.
"Fencing and enhanced security measures." That was always in the back of my head that if you're printing money out in the desert, ya better be able to discourage the opportunist.
More than one wife, and gold in your pocket. What a state.
Man, PCFG is the only stock showing green in my portfolio today. Let's hope all is going according to plan.
Nice find Fox. I'm sure each one of those "feasible" gold mines has been watched by the big boys, including PCFG.
Remember folks, it's time to be buyin' when others are cryin'.
Just bought 62k shares at ask. Got them instantly.
Frankly, I'd be shocked if there was one penney stock that did not contain the "going concern" phrase in thier financials.
Let's not forget, we've dipped down below .02 back in Feb. so this is nothing new. I bought my first 3000 shares in May of 06 and I firmly beleive I will not be disapointed in the long run. The boys haven't been printing more shares to pay for anything and that's a huge plus in Penney Land.
Positively outstanding stock.
Back on Feb. 2nd our stock hit a low of .0185 with volume spiking to over 20 million that day. On Feb. 1st it closed at.024. Sofar PCFG has been able to weather the storms that occasionally hit.
Is that just your opinion or do you know something I don't?
I can only guess that with the amount of mines that want to get into production these days, our inspector has a rather full callender. Just remember sucks is part of success. I have perfect confidence that Rob and Mitch will see it through.
I'm not seeing anything but the accounting firm change 8-k from Edgar Online that we've already seen.
If I read between the lines correctly, you're hearing they've run into some sort of permitting problem, but even if that were the case, it certainly isn't an insurmountable probem and does not change any of the fundamental hurtles that Rob and Mitch have already overcome. This mining operation will happen and reward those who are patient enough to reap the prize. IMHO.
Here's a laymans synopsis of the new securities rule that kicked in today:
Posted on May 9, 2011 by instar1
New Finra rule goes in to effect May 9th”Home Vendors Birth Day” ….Naked Shorted stocks like KATX…are the Cmpanies the SEC had in mind when designing it…this link helps to explain it in laymans terms.. Of the 3 new rules kicking in on Monday 5/9/11 FINRA 6460 is the one to concentrate on. My legal buddies are referring to it as the “new leap frog rule”. MMs now have to show the full size of any orders that are the high bid or low offer. Before they could hide a large buy order by only showing 5,000 shares of it which was and is the minimum for penny stocks. The key concept here is “forced transparency”. From now on if a “whale” shows a bid for 10 million shares of XXX and it is higher than the previous bid then the MM must either reflect it or jump it by a notch to hide it. The “whale” would then need to jump it to get it to be the high bid. Hence the term leap frog.
If an abusive MM with an enormous preexisting naked short position puts in a large offer to scare buyers aware then he has to place it below the former offer and he’s going to have to honor that sale if the “whale” chooses to take him out. The “whales” are going to get pretty ticked off if the MM representing his order fraudulently makes him pay higher because of his antics needing to be performed to hide the large order. This might violate the “best execution rule” (NASD 2320) wherein a broker has a formal “duty” to find the best market to aim an order towards.
“Whales” want to buy size but a crooked MM sitting on a monstrous naked short position with the fear that XXX just might “have the goods” does not want to sell size. He just wants to fraudulently induce selling and dissuade buying. A variety of the “3Ms” (“market maker manipulations”) are going to be rendered moot. As you can well imagine, a crime as obvious as selling nonexistent shares all day long while pretending to be “injecting liquidity” needs to be done in an environment with no transparency. “Leap frogging” is going to look very, very obvious on a time and sales sheet! There is no better disinfectant than the light of day.