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Perseverance Pays Off..... Landau and Geisler perservered and it paid off. After years of struggling these two guys are on the cusp of running a company that is producing gold. Anyone that thinks that PCFG is not going to make it is nuts because Landau and Geisler are not going to give up now......
In case you missed it.....................
Geo Tubes Working = Guaranteed Production........ This stock is going up. The mining operation is really a simple one now that the Geotextile tubes have solved the dirty water problem. Nothing is stopping this company now......
Yes, excellent. Clean water was the only thing holding back production and now they have solved the problem. Everything is lining up now and this stock should hit 30 cents by the end of the year. No reason it won't as all the production problems have been solved. One must keep in mind that this minesite has been in production before so management knows what to do..... Totally awesome.....
The best thing that could happen to PCFG is that they get a TSX Venture listing. Being at the mercy of OTCBB and Pink Sheet market makers is painful to say the least and if PCFG was trading on a real stock exchange their share price would reflect the true market, which I believe would be much higher than the "selected" price the market makers decide. That day will come as I know PCFG management is more than aware of the BS market makers play with their share price, and they are working to change it.
The fundamentals are firmly in place for PCFG so in time the share price is going to rise, regardless of the BS the Pink Sheet market makers force upon PCFG....... Hopefully, a TSX Venture listing is close to a reality as this will fix the BS............
Just filling the gap.... It'll be okay.... and when the stock has strong fundamentals the ascent will resume. Not worried at all...
Since PCFG can't go straight up I'll settle for this rate of ascent.... :)
http://stockcharts.com/h-sc/ui?s=pcfg
Strong Fundamentals Make PCFG a Winner!
What more can you ask for in a 6 cent stock? A gold company with a proven resource going back into production after resolving the one issue they had with their mill. To coin a phrase, "It's a no brainer......"
Strong Fundamentals Make PCFG a Winner!
What more can you ask for in a 6 cent stock? A gold company with a proven resource going back into production after resolving the one issue they had with their mill. To coin a phrase, "It's a no brainer......"
This type of trading is awesome! It's all good as there is no stopping PCFG now. Mill is in place, resource is known, and they have solved the only problem preventing them from turning this into a cash generator, Geotextile Tubes! :)
Three sentences that made my day. :)
The Geotubes were successful in providing the mine with a desanding solution and allowing the Company to begin production planning.
The Company's next steps will include determining the exact polymer mix and retention time for the slurry feed to the Geotubes in order to maximize the cleanliness of the process water at the minimal cost for the mine.
The mine will begin preparing the site for production with the new screen plant assembly and the permanent use of the Geotubes.
Clean Water = Production = Cash! This is it..... Only a matter of time before PCFG is cash flow positive. Lift is just starting.
Well said, smitter.
KABOOM is right... I researched Geotextile Tube technology and I am sure it will work. Geotextile Tubes are used in some of the most filthy environments and out the other end comes clean water. To be honest I think that the cleansing of this water is easily handled by Geotextile Tubes as this water doesn't appear to be anywhere near as bad as other applications where dirty water is being cleansed.
Once they announce that the Geotextile Tubes work at the Black Rock Canyon Mine, just like everywhere else they are used, it's KABOOOOOOOOM. Up goes the share price and down in flames go the shorts. :)
PCFG very close to EXPLODING to the upside. Geotextile Tubes have most likely been tested now and proven to work, just like they work in thousands of other applications.
Geotextile Tubes work.... The rest of the infrastructure is in place. This stock is going to fly and the shorts are going to have to cover. That is bottom line
Courtesy of Tiso_US
BUYINS.NET Issues Pacific Gold Corp SqueezeTrigger Report
Oct 28, 2010 (GlobeNewswire via COMTEX) --
-- Approximately 268 Million Shares Shorted Since August 2009
-- Short Squeeze Has Begun As PCFG Above $0.01 SqueezeTrigger
NEWPORT BEACH, Calif., Oct. 28, 2010 (GLOBE NEWSWIRE) -- BUYINS.NET, http://www.buyins.net, a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance, has initiated coverage on Pacific Gold Corp (Pink Sheets:PCFG) after releasing the latest short sale data through October 27, 2010. The total aggregate number of shares shorted since August 3, 2009 is approximately 268 million shares. Approximately 36.4% of daily trading volume is short selling. The SqueezeTrigger price for all (Pink Sheets:PCFG) shares shorted is $0.0107. A short squeeze has already begun as stock currently at $.0205.
Click here to view Report: http://www.buyins.com/reports/pcfg10-27-10.pdf
Click here for SqueezeTrigger: http://www.buyins.com/images/pcfgstr10-27-10.jpg
Click here for Friction Factor: http://www.buyins.com/images/pcfgff10-27-10.jpg
Friction Factor calculates if a fair market is being made in the shares of PCFG. 53% of the previous 38 trading days have been positive or bullish-biased and 47% have been negative or bearish-biased.
Regulation SHO requires bona-fide market-making activities to include making purchases and sales in roughly comparable amounts. The Commission has stated that bona-fide market-making DOES NOT include activity that is related to speculative selling strategies or investment purposes of the broker-dealer and is disproportionate to the usual market making patterns or practices of the broker-dealer in that security. Likewise, where a market-maker posts continually at or near the best offer, but does not also post at or near the best bid, the market-maker's activities would not generally qualify as bona-fide market-making. Moreover, a market-maker that continually executes short sales away from its posted quotes would generally not be considered to be engaging in bona-fide market-making.
BUYINS.NET monitors PCFG market-makers daily for compliance with Fair Market-Making Requirements.
About BUYINS.NET
BUYINS.NET, http://www.buyins.net, monitors trading in all U.S stocks in real time and maintains massive databases of short sale and naked short sale time and sales data, short squeeze SqueezeTrigger prices, market-maker price movements, shareholder data, statistical data on earnings, sector correlation, seasonality, hedge fund trading strategies, comparable valuations. Reports include:
REGULATORY & COMPLIANCE NEWS
Friction Factor -- market-maker surveillance system tracking market makers in all stocks to determine Price Friction and compliance with new "Fair Market-Making Requirements".
RegSHO Naked Shorts -- tracks EVERY failure to deliver in all U.S. stocks and all Threshold Security Lists daily for which stocks have naked short positions.
INVESTMENTS & TRADING
SqueezeTrigger -- 29 billion cell database tracks EVERY short sale (not just total short interest) in all U.S. stocks and calculates volume weighted price that a short squeeze will begin in each stock.
Earnings Edge -- predicts probability, price move and length of move before and after all U.S. stock earnings reports.
Seasonality -- predicts probability, price move and length of move based on exact time of year for all U.S. stocks.
Group Trader -- tracks sector rotation and stock correlation to its sector and predicts future moves in ALL sectors and industry groups.
Pattern Scan -- automates tracking of every technical pattern and predicts next move in stocks.
GATS -- tracks and quantifies known trading strategies.
DISCLAIMER:
BUYINS.NET is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. PCFG has paid $995 per month to purchase data to be provided in six monthly reports. PCFG has not approved the statements made in this release. Please read our report and visit our web site, http://www.buyins.net, for complete risks and disclosures.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: BUYINS.NET
By Staff
CONTACT: CONTACT: BUYINS.NET
Thomas Ronk
800-715-9999
tom@buyins.net
http://www.buyins.net
Someone should sticky this post......
Lift-Off Is Imminent.......
Once you've done some research on Geotextile Tubes you will realize that it is a proven technology and is widely used in a vast number of applications. Simply put, it works. Couple that with the latest news release on October 21st that stated this....:
The Company is pleased to report today that the tubes are in place and the testing has begun. The plant is operating, and material is now being processed. Further information will be provided once the testing and results are completed over the next two weeks.
http://www.marketwire.com/press-release/Black-Rock-Canyon-Mine-Geotextile-Tube-Test-Underway-PINK-SHEETS-PCFG-1339119.htm
.....and I can only come to one conclusion: PCFG is going to make a large move very soon because the testing is due to be completed in two weeks from the announced test date, October 21st. Once testing is completed and they PR, "yes geotextile technology works at our mine site", just like it works at thousands of other locations around the world, lift-off will occur.
PS. Just want to add that since the plant is running right now that means that PCFG is producing gold right now, too.......
Yup, very nice.... Tack that to the top of this forum is a good plan. I like this part of the news release.
U.S. Silver continues to operate two contract diamond drills
and one in-house drill at the Galena mine.
Plans are to continue this level of drilling for
the foreseeable future.
They're just going to keep drilling, awesome. Good to see them prove up a whack more resources. I always knew they would do this once their cash flow was better.
Any idea how many shares Cormark has bought on the open market in the last month or so?
Another reason to like US Silver....
http://www.reuters.com/article/idAFN1427986320101014?rpc=44
Drug gangs threaten Mexican mining industry
* Increased cases of robberies, kidnappings and killings
* Drug gangs mining iron ore and selling it for export
* Miners getting hooked on drugs
By Mica Rosenberg
MEXICO CITY, Oct 14 (Reuters) - Mining firms have shuttered a handful of exploration projects in remote areas of Mexico as the industry grapples with threats from drug cartels and rising security costs, Mexico's mining chamber said on Thursday.
Cartels are threatening mining operations not just in the violent corridor along the U.S.-Mexico border but in isolated, mountainous regions in other parts of Mexico, where traffickers grow marijuana and heroin poppies, the chamber said.
Executives belonging to Mexico's National Mining Chamber have reported cases of drug traffickers extorting, kidnapping, attacking and selling drugs to their workers.
Theft of precious metals is on the rise in Mexico, executives said. The government also said this week it caught one cartel member selling iron ore to firms exporting to China.
"We are living a very difficult situation," said Ramon Davila, the COO of Vancouver-based First Majestic Silver Corp (FR.TO).
"There are more and more specific cases of threats from organized crime trying to penetrate areas of mining exploration and operation," he said.
Miners have long seen Mexico, a major copper and silver producer, as a top destination for investment in Latin America. Spending on new projects is on the rise and the industry sees investment at over $13 billion from this year through 2012.
But as bloodshed mounts in Mexico's war on drugs, which has killed over 29,000 people since late 2006, there are some cases of small companies fleeing the country's most perilous areas.
Davila said he knew of at least two companies in Durango state that had shut down exploration projects due to fears of drug violence.
President Felipe Calderon has pledged to crack down on drug cartels and says spiraling violence is a sign the government is making progress as it captures capos and cartels splinter.
But some analysts warn drug violence could eventually undermine the economy as Mexico struggles out of a deep recession and courts international investors.
"Unfortunately, where we operate the response from authorities has not been as fast as we would have liked," Manuel Luevanos, the mining chamber president, said.
STOLEN GOLD, ORE
About two weeks ago, 150 gold and silver bars worth $3 million were stolen from a mining company in the central state of Zacatecas, said Luevanos, also an executive at top silver producer Fresnillo (FRES.L).
Canadian mining giant Goldcorp (G.TO) built a landing strip to fly gold out of its Los Filos mine as the country's highways become more fraught with banditry, said Salvador Garcia, the company's Vice President.
Garcia said security costs had risen 5-10 percent this year compared to last year.
Some traffickers have started their own side business in illegal mining, the attorney general's office said this week
Steel giant ArcelorMittal (ISPA.AS) recently lodged a complaint claiming iron was being sacked from its concessions in the western state of Michoacan, Jesus del Campo, an official at the economy ministry, told Reuters.
He said some foreign mining companies were encouraging illegal mining by paying cash for tonnes of iron ore, used to make steel in China, without asking for permits.
Mining executives said drug traffickers were encouraging drug use among some of their employees who make relatively high salaries in poor areas.
"A mining camp is an attractive market for drug dealers," Luevanos said. Companies have taken to giving workers drug tests and firing those who turn up positive.
Drug violence around mining facilities has caused concern for the industry. Fresnillo had a case of workers gunned down in front of their families at a mining camp where employees live, Luevanos said.
"This is not just worrying the management. It is sowing terror among (mining) families and many have fled," he said. (Editing by Missy Ryan and Sofina Mirza-Reid)
Only problem is, where is he gonna find the next deal that's better than this?
Well this is exactly it.... The potential with USA is staggering. I just can't imagine where the share price will be when the price of silver is say 37 bucks or 41 or 47?
I dunno, cork... My friend sold his entire position in USA yesterday because he thinks it will consolidate for a while. I told him he was nuts but then he did sell at 57 cents so who am I to question? However, as far as I'm concerned it will make no difference as USA is going WAAAAAY higher, and there isn't a dang thing anyone is going to be able to do about it. IMHO
No stock goes straight up and this retrace is temporary. The fundamentals are sound with increasing production and rising silver price. No worries, at all..................
US Silver is on it's way to one dollar and nothing will stop it, even with days like today where people take profits after a nice move.
I guess it's safe to say that US Silver is out of the doghouse. :) Nothing like having your largest holding getting a positive market re-evaluation.... The best part of this is I don't think we're anywhere near done. As a matter of fact, I think we're just starting as this is going to fully unfold over the next several years. This is going to be fun...... to put it mildly.
Massive Volume Eliminating Float and Squeezing Shorts
Big volume continues to annihilate the float and in the process is squeezing the lemons of the fools with short positions.
In the last 20 trading sessions 261,098,907 shares have changed hands. That's 65.8% of the of the 396,782,429 float. There are 719,510,429 outstanding and Management owns 322,728,000 of them, and are not selling. At this rate the float will soon be locked up.......
With production on the way PCFG is destined to make large gains....
Date...Volume
10/11/2010 34,285,363
10/8/2010 29,269,840
10/7/2010 31,777,800
10/6/2010 47,501,170
10/5/2010 6,088,508
10/4/2010 8,280,908
10/1/2010 8,542,255
9/30/2010 18,424,100
9/29/2010 31,811,460
9/28/2010 13,650,650
9/27/2010 17,749,560
9/24/2010 1,521,825
9/23/2010 915,000
9/22/2010 536,250
9/21/2010 2,924,102
9/20/2010 2,288,397
9/17/2010 925,000
9/16/2010 2,341,000
9/15/2010 500,000
9/14/2010 784,200
9/13/2010 981,519
Total____ 261,098,907
Massive Volume Eliminating Float and Squeezing Shorts
Big volume continues to annihilate the float and in the process is squeezing the lemons of the fools with short positions.
In the last 20 trading sessions 226,813,544 shares have changed hands and another 21,928,871 shares already traded today for a running total of 248,742,415. That's 62% of the of the 396,782,429 float that has traded. There are 719,510,429 outstanding and Management owns 322,728,000 of them, and are not selling. At this rate the float will soon be locked up.......
With production on the way PCFG is destined to make large gains....
Date...Volume
today so far 21,928,871
10/8/2010 29,269,840
10/7/2010 31,777,800
10/6/2010 47,501,170
10/5/2010 6,088,508
10/4/2010 8,280,908
10/1/2010 8,542,255
9/30/2010 18,424,100
9/29/2010 31,811,460
9/28/2010 13,650,650
9/27/2010 17,749,560
9/24/2010 1,521,825
9/23/2010 915,000
9/22/2010 536,250
9/21/2010 2,924,102
9/20/2010 2,288,397
9/17/2010 925,000
9/16/2010 2,341,000
9/15/2010 500,000
9/14/2010 784,200
9/13/2010 981,519
Total____ 226,813,544
I don't think the A/S is a big issue. It all comes down to management because even if it was lower there is nothing that could stop the company from increasing it if they wanted to. I know that this management team was stung very hard by the death spiral financing they got themselves into and if there is anyone that learned a lesson on dilution it's them. Further, given their large stake in the company they have the most to lose by further dilution.
At the end of the day one has to look at the company's cash flow prospects to determine the risk of future dilution. Since PCFG is very very close to production that risk is far lower than a company that is running around poking holes in the ground trying to find something.
With a share price of 1.75 cents the risk of taking a position is minimal but upside is massive. The type of mining in this operation is about as easy as it gets. Take a front end loader, scoop it up, put it in a truck, haul it to the mill, and process it. Remember, this is not the first time this operation has been in production. The first time they had some problems but they have been addressed and solved.
All things considered PCFG is a screaming buy at 1.75 cents when you consider how close they are to achieving a goal that has been in play for many many years....
Float Continues to Shrink in a BIG Way
Yes, the float is shrinking fast!!!
In the last 20 trading sessions 226,813,544 shares have changed hands. More than half of the 396,782,429 float has traded. There are 719,510,429 outstanding and Management owns 322,728,000 of them, and are not selling. At this rate the float will soon be locked up.......
With production on the way PCFG is going to be a BIG money maker...
Date...Volume
10/8/2010 29,269,840
10/7/2010 31,777,800
10/6/2010 47,501,170
10/5/2010 6,088,508
10/4/2010 8,280,908
10/1/2010 8,542,255
9/30/2010 18,424,100
9/29/2010 31,811,460
9/28/2010 13,650,650
9/27/2010 17,749,560
9/24/2010 1,521,825
9/23/2010 915,000
9/22/2010 536,250
9/21/2010 2,924,102
9/20/2010 2,288,397
9/17/2010 925,000
9/16/2010 2,341,000
9/15/2010 500,000
9/14/2010 784,200
9/13/2010 981,519
Total____ 226,813,544
Yup, when I look at the facts objectively I can only come to one conclusion and that is the float is close to locked up. That means shares will cost more. I had a sell order in at a higher price, too, but cancelled it. All things considered I don't believe the price of this stock will be below a dime by the end of the year. Hard to believe after all these years and at this point all I can say is I'm sure glad I loaded up at .003. :)
Yes, the float is shrinking fast!!!
In the last 19 trading sessions 197,543,704 shares have changed hands and so far today we can add another 26,362,498 for a snapshot count of 223,906,202. More than half of the 396,782,429 float has traded. There are 719,510,429 outstanding and Management owns 322,728,000 of them, and are not selling. At this rate the float will soon be locked up and then LOOK OUT!!!!!!
This stock is going waaaaay higher....
Date...Volume
Today so far 26,362,498
10/7/2010 31,777,800
10/6/2010 47,501,170
10/5/2010 6,088,508
10/4/2010 8,280,908
10/1/2010 8,542,255
9/30/2010 18,424,100
9/29/2010 31,811,460
9/28/2010 13,650,650
9/27/2010 17,749,560
9/24/2010 1,521,825
9/23/2010 915,000
9/22/2010 536,250
9/21/2010 2,924,102
9/20/2010 2,288,397
9/17/2010 925,000
9/16/2010 2,341,000
9/15/2010 500,000
9/14/2010 784,200
9/13/2010 981,519
Total____ 197,543,704
Price is Going Higher.... In the last 19 trading sessions 197,543,704 shares have changed hands. This accounts for half of the float when you consider there are 719,510,429 outstanding and Management owns 322,728,000 of them, and are not selling. Those that wanted out are gone and have been replaced with those that see where this company is going. Couple this with imminent production and a 1.5 cent share price will soon be history......
Date...Volume
10/7/2010 31,777,800
10/6/2010 47,501,170
10/5/2010 6,088,508
10/4/2010 8,280,908
10/1/2010 8,542,255
9/30/2010 18,424,100
9/29/2010 31,811,460
9/28/2010 13,650,650
9/27/2010 17,749,560
9/24/2010 1,521,825
9/23/2010 915,000
9/22/2010 536,250
9/21/2010 2,924,102
9/20/2010 2,288,397
9/17/2010 925,000
9/16/2010 2,341,000
9/15/2010 500,000
9/14/2010 784,200
9/13/2010 981,519
Total____ 197,543,704
Hard to refuse this one, my target price based on ground economics is so out of this ball park I had to do it three times.
Would you be willing to let us know what your target price is?
I knew it was you! Thanks for putting those rumours to rest, and bring the truth to light.....