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Really, yours too? haha
Your buddy must be very close with the company because Mitch and Rob are as tight lipped as they come. I hope he is right, It would be nice to have some updates here........
Is there any way you could snap some pictures and post them here? It would be great so see the differences (if any) between when Johnny Trader was there and now.
Well, if they only produce 500 to 600 ounces a month and still want to hit their projected 6K to 12K ounces this year, they already started production or it will begin at any moment (and they would only reach 6K max this year).
If you take the middle of the companies first year production estimates you get 9000 ounces in 2011. At a production rate of 1000 ounces a month, that would mean production should start around 4/1/11.
Green is always good. Looking forward to some volume and a breakout in the coming days........
Hmmmmm a little action at the ask here. Could this be wound any tighter????
Anything you care to share with us? I have been holding a large position in PCFG for a while now and I think things are about to get very interesting.
Well said. I just took a week away from this forum and PCFG in general (other than checking the PPS at the end of each trading day) to clear my head, and it seemed to work well.
Most likely just lack of volume, but I like your enthusiasm.
I believe it's just to show the different prices. So all .023's in one color, all .022's in another color etc.
I just saw that too. NITE, PUMA and ETMM on the ask at .023 then nobody until INTL at $1.02.
I assume the rest will fill in shortly, but it is strange.
Good question. I can see pros and cons with both a week day visit and one on a weekend. I assume your free to go when ever? Hmmmmm let me think on that one........
Anyone else have an opinion?
For the cost of lunch we could have an updated view of activities at the site. It's a no-brainer for me, and IMO it would only be fair if we chipped in for his expenses.
Do you have a Paypal account? I would be happy to chip in for expenses on a trip. If longs here chipped in $10 or $20 each you should be covered for your time. I would love to see what changes have taken place between your last trip and now.
If these numbers are accurate and PCFG is going to produce approximately 1000 ounces of gold per month this year, then production is very very near.
From 11/23/10 PR- "The Company plans to begin gold production at Black Rock Canyon in 2011 in a range of 6,000 to 12,000 ounces per year in 2011."
So lets take the middle of the estimate for production this year and say that they plan to produce 9000 ounces in 2011. Well, if they do indeed produce 1000 ounces per month, they have to produce for 9 months in order to reach that 9000 ounce mark. That would mean production would need to begin 4/1/11. Keep in mind that Mitch has repeated over and over that everything is on track and going as planned.
Another strange morning of trading (or lack there of). Early yesterday the MM's were jumping all over the place, and today we are 15 min into the day with no trades? Very odd.
Agreed, I am fully loaded and ready. Our time is near...........
I have a lot invested here and follow this company every day, so I am fully aware that this is not new info. It was just nice to hear confirmation of what I already believed.
Thank you for the update. Sounds like things are about to really get going here in the near future.
Huge spread (.021 X .025) right now, maybe the float is locked up??
Very strange activity this morning indeed.
When you are invested in a company on the cusp of production and up-listing, patience must be exercised. Without it, any long could sell, just to wake up to "the news" that will transform this stock overnight. I would hate to be in that position. The company is clearly being very cautious about taking all the necessary steps to make sure production is as seamless and efficient as possible before they begin on a full scale. If you don't have the patience to see this through on the company's terms, move on to something else. It's really pretty simple.
We were green on totally unexpected news, and yet people are still unhappy. Those with no patience will never win in a game of patience like the stock market.
Why would you buy at .0222 now if you believe "we will get under .02 by EOD"?
The L2 ask side is very thin this morning.
Exactly, this was an unexpected event that adds to the creditability of the company and ensures it's ability to fund the beginning of production at Black Rock.
VERY IMPORTANT PART- "We look forward to seeing Pilot Metals advance the project. The proceeds generated by the option and sale of the claims will allow Pacific Gold to direct additional money towards its permitted properties in anticipation of production." said Rob Landau, CEO.
.03's up!
Looks like the MM's are setting up a huge wall at .03. Might be fake though.
IMPORTANT PART OF PR- "We look forward to seeing Pilot Metals advance the project. The proceeds generated by the option and sale of the claims will allow Pacific Gold to direct additional money towards its permitted properties in anticipation of production." said Rob Landau, CEO.
Here comes the volume........
Looks like 50K just posted.
And #2 on most actives. MANY EYES HERE TODAY!
I would expect at least low .03's today, but you really never know. Many many people have been on the sidelines here just waiting for "The big run" that this is expected to take. Will this news make them enter and push this up big? We will soon find out.
Not only does this insure that we have the funds to get Black Rock into production, but it also adds a sense of credibility to the company that might not have been there before for some sceptical investors on the side lines.
Many of us have, and this event alone could trigger the start of "the big run" that we are all expecting here. This deal is pretty big (and has HUGE implications to mining at Black Rock) and should draw quite a bit of attention to PCFG tomorrow. It will be interesting to see if Mitch PR's this as a stand alone event or if he throws it all out there in one monster PR.
The big difference between then and now is gold is twice as high and the company has no debt and is in a much better financial position. This is VERY important. I think once we have updated financials (any day now) production will commence very quickly.The company wants to begin production sooner than we do, you can bank on that. This company has learned a lot from prior mistakes and is not f-ing around this time. Big things coming soon.........
Mostly because there is just no volume today. This could be the slowest day (volume wise) we have seen in a while.
That should all be changing in the near future.