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Yep. When it breaks loose, probably will run quickly. Down about 50% from last week hi.
Me too. I think this data is a good indicator of the progress they are making.
I know this has been debated also, but I still believe the stock buy-back PR was a positive. Got to have positive cash flow to buy back stock.
Yep. I bet management is also classified as office staff. Thanks, again.
That is the kind of paper work I like, counting money. Good interpretation of the data.
"Cheapies" is the operative word, stonsetr. Good buy!
Great info, hckyguy. That is triple the average number of employees in 2Q, and 2.26 times the amount of hours. I don't think they would add people to the payroll to sit around and pull their drawers out of their crack. Unless, there was gold in there...
I do wonder, though, why there were so many hours worked by the office staff? Any ideas?
Wouldn't mind a little pre-release PR to liven things up a bit.
Yep, fox. It has started its way back up on extremely low volume so far. Just think how fast it will move back up when we get some buying pressure and approach and exceed the 3 month average volume of about 4.1 million shares per day.
We shall be rewarded shortly. 3Q and guidance will be out in no later than about a month, but who knows what could be released between now and then.
Good deal. Make 'em raise those prices.
Good purchase, SG. Looks like MM's may bout ready to turn it loose... although the spread is quite wide. They need to raise the bid.
Well, someone needs to light the fuse, Robo.
I don't blame anyone for trying to buy as low as they can to maximize their profit. IMO, they are risking on chasing if they want in before the 3Q report.
Just take today for example. As of 12:12 PM, the price is at .0325 on 107,522 shares traded, of which a good size chunk was traded @ .0300. Whoever doesn't think that the mm's can run this price up as fast as they want on just a few shares, is kidding themselves. We have all seen it before. If we are not at the bottom today, we have to be darn close.
To me, it is a calculated risk on potential buyers part to try to wait it to go lower. They may be right, and it drop some more, but I believe we all know it is going much higher from here.
Buying could start anyday, and these levels will be gone. Looking forward to that. Just a matter of time.
I think a dividend would work to account for all the shares. What I don't know either, is what the minimum is for a dividend. Just a penny a share would be almost 7.5 million. Don't think they have mined enough gold yet to afford that. Maybe they can do fractions of a penny per share.
I would like to see something occur to ensure everything is on the up and up.
If that is the case, they need to quit hinting and force their hand to cover. The stock would go exponentially if they have to cover millions of shares.
Out of those options, I would go with must have bills to pay...
sx, I feel your rant. Who do you think is selling at these levels? It is beyond me. I would feel that I would be basically giving them away right at these prices. Actually, I have purchased about 400k more shares over the past few weeks, thinking those were good buys.
Don't regret buying in the company, but frustrasted with price action based on what the company is accomplishing. They are not diluting, so who is selling?!?
They shouldn't have much trouble gaining approval then, as I suspected. Good time to buy.
The way I understood it was they were only authorized to repurchase up to a total of 5 million shares at this time, and there may be multiple purchases from time to time to achieve the 5 million. I take the "up to" wording as being a cap.
Since the board has to approve, I think it would require another authorization by the board, which I think they could get without any problem, to exceed repurchasing 5 million at this time.
IMO, the PR was a positive, and now would be an excellent purchase point.
I think hiring, then firing, then hiring accounting firms to catch their financials back up to current status for the purpose of being uplisted, sends a clear message of where they believe they are headed with this company.
Also, I know the stock buyback pr has been debated at naseum, but I also believe that was meant to be another message that they are progressing well. Although it only represents 0.67% of the outstanding shares, it still represents approximately $ 175,000. Hard to come up with, if you are not profitable.
Will not be a penny stock for much longer, imo.
Anyone been able to calculate what the value of the shares should be? I have tried, and I come up with about .025, but I could easily be wrong.
Thanks
Sorry, airdale1, not ignoring your request, just getting back in. The two we were discussing was S*EI, and P*TG. Not sure if S*EI had an outside firm pumping, but I believe it was Wolverine said this morning that he had received an email from a penny website recommending P*TG a while back, and at the bottom it stated a company was being compensated 20k for making the release.
They release PR after PR and the stock price swings from under .10 to .90 or 1.25 in P*TG's case.
Not sure if there was share dumps, as in dilution, but there has been a lot of selling at certain stages after some of the run ups.
Don't know if they incorporated a PR firm or not.
To me, don't think S*EI was legit. Jury is out on P*TG, but all they seem to do is announce intents to acquire. As far as I know, they have not mined the first mineral yet.
Keep in mind, I am not an expert on either company. I am just sharing what I have observed.
Just to be clear, in no way do I view PCFG in the same category as the two companies mentioned above. I feel they are legit, and that is why I have been invested in them since last November.
Better Buy! :) EOM
This one is much better. EOM
It comes from the Bible, and actually it is the Love of money. Money can be a good thing when acquired and used in the right way. Just like you and I will when PCFG pps goes up where it belongs. Lol
I believe PCFG is doing it legitimately, so I am glad to hear they have not been on the email pump list.
FYI, S*EI, when I picked up on it, was well under .10, don't remember exactly how low, this was several months ago. At the end, it ran to about .90. The last two PR's, they were released within days of each other, that I remember where presented as competing buy-out offers, the last one for around 1.50 share, I think. That was pretty blatant. I am sure some made a fortune on it, but there had to be many more that lost their as*.
I don't know how some of these pumpers sleep at night. To me it is basically stealing.
Should be a big winner!
So far, this company seems to want to grow legitimately. At least the volatility should calm down some once they show positive quarterly reports. With the pumps, you never know when the rug is going to be pulled out.
It is difficult to understand. We are producing. They are intending to acquire about every other day or so. BTW, they hit around 1.24 awhile back.
With the float comparison and the fact we should be cashflow positve, if not now, very soon, it makes no logical sense to me... other than they are pumped.
I agree, Falcon. It is very puzzling/frustrating. No dilution either in the last several months. Stock should be in the double digits, easy.
Traders are taking a chance that PCFG stock will stay low until November 15th, the expected date the 3rd Quarter results and 4th Quarter guidance is given. Anything can happen between now and then. The company has had nothing negative happen, only positives for pretty much the last year.
I think the sell off has been traders trying to time the stock with the Nov 15 release date. Sometimes that works, sometimes it doesn't. A calculated risk, but that is their choice.
Without any additional information regarding production coming forward between now and then, the stock will begin to climb at some point in anticipation of the results. The question is, when will that accumulation begin? Also, what is preventing the company from pre-releasing results, if they choose to do so. Nothing that I am aware of.
To me, this is at minimum an easy double to triple from here in the near term. No way am I selling here. If I did, it would be my luck, they would pre-release, and I would end up chasing. I can wait a few weeks, if that is what it takes.
Yep. Saw those too. That is one of the reasons I have trouble believing our stock is not being manipulated to remain at these levels. Many of those big blocks were in the mid to upper .04's, if I recall correctly.
I think that is exactly what we will see. EM
Good buy. Next six weeks should be interesting.
300k share trade just went through. Maybe volume is getting ready to blow up.....
morgaca, it just about doesn't matter what the company does or PR's, he tries to turn it to a negative. Just do like the vast majority of us on here do. Just read his posts for entertainment, not informative investment information or insight.
Good summary, uwf. I do not believe the company's actions or PR's are part of a pump & dump. They have set forth a plan, and are progressing along that plan. If they were P & Ding, they would not go to the trouble and expense of uplisting, and firing an accounting firm in the process. That showed me they were serious.
I believe the stock buy back is an effort to show shareholders that the company is, or soon will be cash flow positive, not some ploy for a short term gain.
I have been here since Nov of last year, and have been pleased with the company's progress. I am perplexed by the share price, with what is being accomplished, but as you stated many investors are waiting until they see a financial statement that shows they are profitble.
I wouldn't actually mind if they released the 3Q results before the 15th, so maybe they wouldn't be so predictable. I think many who have sold out are counting on them not releasing before Nov 15, and planning to re-enter shortly before that date.
Bingo, airdale. Working capital. Something positive has to be happening, and imo, it is not borrowing more money. They are generating their own.
Another positive move by PCFG leadership. They must be or will be profitable very soon to even consider this. I would like to see them perform an action that would require all shares to be accounted for to flush out any naked shorts.
Notice the outstanding shares are still the same. No dilution.
Thanks for the heads up.
Agree 100%, Wolverine. EOM