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SN, I expect us to repeat the runup before the August 15th PR, to around .07 to .08. If the results are positive, I would think we would go at least .10+.
I mean, a producing junior miner, if not cash flow positive in 3Q, probably will be in 4Q. Surely, they are worth more than a nickel!?!
I agree their history of releases have been on the expected dates, but who knows, they could release early. As far as I know, they have not communicated they would release on the 15th, just that it is last day to file on time.
Have a good one.
Got just under 100k today.
Agree with you guys. Holding and adding here. Just a matter of time, we start heading the other way.
I also saw there have been some huge blocks being bought over the past week or so. These investors must have seen something of value to convince themselves to get in.
I just view the gloom and doomers as entertainment. Let's see where we are at the beginning of November.
That last trade that went through @ .0390 was a buy. I entered it when the B/A was .0385/.0390. Put the order in at 1:05 for a buy at the ask price. They filled it @ .0390 @ 1:11 after they raised the B/A to .0390/.0393 to make it look like a sell.
Dirty MM's...
I think the inflated expectations were derived from individual investors, not falsley created by the company, and I know you are not inferring the company did. I actually thought, overall, the results were positive. They were mining, finding gold, and had a plan of bypassing the low yielding gravels for the higher yielding. Basically, meeting their plan that they had set forth.
I think a mistake they did make was stating they were going to release an update on a specific date and then release it after market hours. This created extreme anticipation, and when the release did not come pre-market, then not during market hours, I think this caused investors to become skeptical about the results. Whether they meant to or not, by waiting until after market to release, it made investors feel that the results were not good, therefore, creating the profit-taking/sell-off, the following day.
I believe if they had released the same results pre-market on August 15th, we would have had a much better reaction in the market. I realize there still would have been some profit taking, but no way do I think we have a 35% drop on the 16th. Heck, it may have even went up some.
I agree, I think we see another build up to the quarterly report. I think if they are getting close to just breaking even, that would be great progress, anything above that would be a bonus, imo. Cash flow positive would just be around the corner.
I agree. I wish the company would address it, if they are the ones who can make something happen...
Let's keep our fingers crossed for a good 3rd qtr. However, I think it is still undervalued at this point.
What are they waiting on??? This is terribly frustrating...I have so much faith in this company but the MM's are killin me...
Yet the drop the bid/ask
That's kinda what I figured. It's sickening how they will not budge the price on 2.5 mil buys but drop it like a rock on a couple thousand sells.
Was it a buy? It looked like a sell, and now look where the bid and ask is... It's total bs!
Very glad to hear that your family and you were safe from the tragic accident at the show. As you stated, it could have been much worse than it is, if the pilot had not been able to divert his path.
Secondly, thanks for the very informative report. Sounds like you garnered as much info as you could without actually going through the gate. You are confirming what many of us already believe that the company is progressing along per their plan, which they have divulged via their pr's.
Looking forward to the next production update from the company, which could come anytime between now and November 15th at the latest.
Thanks again, and God bless.
LB
Don't know. It is over my head.
902k at .0459 and someone trades 132 shares at .045, and they drop the ask?!? I really do not understand the fundamentals of market making.....
SG, nothing like eternal optimism propping up the old golf game.....
Robo's "dump at the end of the day" calls reminds me of a buddy I play golf with. He calls a shot on almost every hole he gets in trouble on.
He'll say something like this, "Watch this, I am going to hit it through the gap in the trees, over the pond, and spin it back to within a few feet of the hole". Inevitably, he hits a tree, or hits in the pond, but every now and then, he pulls it off, and says "See, I told I could do it!" I say, "Wow, you were right!" Which amounts to about 5 % of the time. LOL
Keep calling a dump at the end of the day, Robo, eventually you may be right, like my golf buddy.
Reminds me of the old saying that says a broken watch is right twice a day.....
Exactly! PPS is WAY undervalued. EOM
Thanks, Pro. There goes that dilution theory that a few posters like to spout about. You highlighted in RED the number of shares outstanding, no change!
Thanks. You too! More great news yesterday. This company is progressing right along, hitting their objectives, just like they have stated since I have been here since last November.
The cash infusion from the Black Fire deal just makes them more self sustaining until the revenue from the gold makes them cashflow positive, which should be soon. I still cannot believe this stock is at .043. I am very anxious to see the August results.
I think we have a gold mine in this stock!
Thanks for the info. Glad your are still around. Just a matter of time until the pps reflects the true value of a producing junior miner, imo.
Hope so, airdale. They both provided valuable information and insights, as several others have stated this evening.
I would like to know what caused them to go though.
Don't have level 2 either, just going from the ticker symbol on the quotes page and the order quantities I know I placed.
I agree with you, seems they are wanting to hold it down. They know time is running out and they better get some shares.
Thanks
Thanks for the response. It is very frustrating. I know 20 % of the volume are buys at the higher price, plus they already had some volume at the ask. Another thing was it took several minutes for the first order to fill, even though the order was at the ask. I thought went the bid went to .048, it may getting ready to make another leg up.
Is it just me, or are they making all the buys look like sells? Bought 40k @ .0484 and 25k more @ .048, and the price immediately went down. Did not see the 40k go through, but on my ticker I saw the 25k, and it looked like a sell on my ticker.
Just saw 100k go through @ the ask, but again my ticker showed it as a sell.
Is it just me, or are they doing their best to encourage selling?
Agree vlf. Very frustrating watching the pps languish, when all we want to see is a fair valuation. The company is doing what they have stated they were going to do, and yet share price does not seem to want to reflect their progress.
I am being patient here, and pleased with what the company has accomplished the past 9 months or so, but it is frustrating.
pro, thanks for the info. Did not know that.
2nd, we r on the same page. EM
In our industry, we had to do things quickly, or another company would take the business. We sold commodity consumables to companies like Wal-Mart, K-Mart, JCPenney, Sears, etc. So, you can imagine there was no shortage of competitors willing to step in. That said, we didn't rush product out just to get the business. It had to be quality and had to be on time, or that would be your last order.
As I acknowledged, this is a different industry. They should be able to sell their product as they produce it without worrying about a customer to sell to. Demand is as high as it has ever been. Sounds like perfect timing to me. My saying ramp up production as fast as they can, did not mean ignore being efficient and safe. I always took that as being understood without saying it.
I think you misunderstood my comments.
I would be working as much as possible. I used to work in a facility that was open 24/7, manufacturing consumer paper rolls and barcode consumables. We did whatever we had to do related to personnell to stay operational.
I understand they are in a different industry, ramping up, and are limited on annual limit they can produce, but to me, sooner the better to ensure they process the max allowed.
As long as they are working the .4g/yd gravels, it depends on, as you state, how quickly they ramp up. I may be being overly optimistic, but I do believe the possibility is there if they work the hours. Gold price continuing to rise only helps achieve that goal.
Agree. "Golden" opportunity here. Way oversold. Based on what this company has accomplished the past 10 months, we should be in the middle teens at a minimum right now. We will get there, but it is going to take longer due to the way it is being traded.
When they go cashflow positive for August, which I expect them to do, stock will better reflect the true value, IMO.
This is a no brainer.
Agree SN, by creating cash flow, they won't need to even borrow 810k, much less need it immediately. I didn't understand his rationale behind that statement.
I expect them to be cash flow positive for the month of August by focusing on mining the .4g/y gravels.
Definitely creating value here.
Good response fox. Where are the facts? He makes BS claims with no substance. We know what we have here.
Thanks
Good post, vlf. Just like the other day, I just don't get his purpose, unless he does have a vested interest. He spends alot of time and effort "helping" on PCFG, when there are hundreds more he could be concentrating on that he might actually make money on...since he is not investing here, only advising.
PCFG is not the typical OTC. He needs to accept that and move on.
Exactly, ZRock. So why would they start now, when they have come this far shooting straight? Would not make any sense.
Not angry, just tired of the BS claims that have no substance. I have no issue with any strategy an investor wants to use. He may be very successful, however, stating he predicts they will release a "fluff" pr just misrepresents what the company is getting ready to release.
He said himself, he will never own a position in PCFG. I guess he just feels the need to save us from ourselves.
"fluff pr"? I have been here since November and have yet to see a "fluff" pr from PCFG.
I think Lowtrade is confusing this company with many other OTC stocks that do the pump and dilution routine. Do some DD and evaluate this company on it's own merits, and see why many are invested in this company longer term.
You will find they had trouble in the past, but they have righted the ship and heading in the right direction.
I guess the recovery results will be considered "fluff" since they are on the OTC. Fluff my A**!
Bingo, Stockdoggy! Why would they even mention that they were going to announce results and projections if they did not KNOW they were going to be good. They must feel they have a strong indication based on the two weeks they mined before releasing the statement.
Under promise and over deliver would be a good way to start releasing results... Only 12 days to go.
Thanks for the info carhauler. Just confirms what the others have seen, and what the company has communicated. Next two weeks should be very interesting, not to mention the years to follow if expansion occurs as well.
Appreciate your efforts.
Good info and makes a lot of sense.