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US Debt visualized, very cool
http://www.wtfnoway.com/
Yeah, I've had more than 2 years of "concerns" just taking a day off
this one ->
The reason why I have never seen a stock behave this way before...
is because I have never owned a stock that went from 0.002 to $2 :)
Usually in your standard pump and dump this thing would have tanked back down to sub penny, how many times have we seen that before?
You see the shorts don't want to take MORE risk so all they can do is knock it down with 101 shares, hoping a sell off will ensue. Good Luck guys, I've been holding on to my shares for 2 years, you think by knocking it down with 101 shares i'm going to sell.
When we get SEC filings updated,
When we get up listed to OTC,
When Production is announced,
When PCFG hires a PR firm and gets coverage,
WHEN THE SHORTS FINALLY GIVE UP AND COVER...
Imagine what will happen when a flood of investor come in and the shorts cover at the same time WITH THE FLOAT LOCKED....LMFAO
Infact you could say PCFG has more value in its shares by the fact shorts HAVE to cover there open positions on a stock with a locked float then the gold in the ground. hahahahaha
At what point do shorts have to cover? Do they just keep paying interest on their short position hoping one day the price will drop back down?
Coverage will boost PCFG PPS more than production announcement.
We don't have enough volume for a penny stock.
Based on Volume and price movement I have a feeling we are just buying and selling to each other right now. lol :)
We need new investors.
That will only happen when respectable firms initiate coverage on PCFG.
They will only risk their reputation on PCFG when they see at least one full quarter of production.
Which will happen.
But PCFG is not going to see 30 cents to $1 until that happens.
Then who knows, $1 to $3, there are plenty of stocks out their that are YEARS away from production that have MASSIVE valuations.
Also note, large investors will pay a premium for gold in the ground over actual value as a hedge against future inflation, which could see us all with our own private islands :)
Wow, great video of Benake & Paul over Gold.
http://money.cnn.com/video/news/2011/07/13/n_bernanke_paul_gold.cnnmoney/
Has anybody seen the Discovery show Gold Rush?
If those guys can pull out $275k of gold out of a 20 meter hole image what PCFG can do with 2000 acres.
Also there is always the possibility that somewhere in the land there is a gold bonanza! always a possibility lol :)
How hard is to to move from PINK sheets to OTCBB?
I assume the reason we got docked to PINK was because of late filings.
Even if they filled out all the paper work and where current today wouldn't it take weeks for the transition to OTC?
We won't see the big investors come in until we get of off pink sheets.
How many more fillings before we are up to date?
For legal reasons I don't think PCFG will announce production until they are up to date with filings.
1.4 Million shares traded in 3 min lol
129,000 Volume
Today World Bank Makes argument for Gold Standard.
Zoellick seeks gold standard debate
Me to buddy ;) remember 1 year ago when an average of ZERO shares where traded every day! loloasfdfkljasdflkjasdfkj
RoboTrader, If you do not own the stock, and you are not shorting it: Why are you here?
The shorts are gonna get SCREWED!
Classic share price calculation:
36,000 tonnes x 0.4 = 14,400/ounces per month
$1300 (gold price) - $400 (production cost) = $900 profit per ounce
$900 x 14,400 ounces = $12,960,000/month profit
$12,960,000 x 12 month = $155,520,000 a year profit
Most companies share price is based on P/E ratio.
On average a P/E ratio of 10 to 15 is normal if not conservative.
155,520,000 x 10 = $1.55 Billion Market Cap with a P/E ratio of 10
With 719 Million shares as O/S
1,555,200,000 / 719,000,000 = $2.16 a share
With an O/S of 5 Billion shares (assume all of it is diluted)
1,555,200,000 (market cap) / 5,000,000,000 (shares)= 0.31/share
Any thoughts? Did I miss anything?
Even if you consider a 50% margin or error that's still $1.8 at current O/S and 15 cents fully diluted.
ALSO, that's just one site, there are 3 more :)
PLUS, that's with Gold at $1300, Could go to $1600 by the end of the year.
Anybody recall what the capacity in tonnes per month was?
More than 1 Million just bought @ 0.0249
0.245
That's $200,000 CASH into PCFG in first 90 min at an average price of 0.0225
9 Million Volume in first 90 minutes of trading.
1 million shares at @0.24 in 10+ consecutive orders!
Anybody remember what the capacity in tons per month was?
Also Gold mining is a risky business. It's a conveyor belt of processes.
Just one process has to screw up for the whole mine to grind to a halt.
Just like what happened to PCFG a couple of years ago.
It was just one bit of the puzzle that brought the whole mine to a close.
Also when Gold was at $700/ounce people thought that was the high! So it was not worth the risk of pouring more money into a mine that would loose money if gold went back down to $400 which was still 100% higher than the low.
But now that gold is at $1350 and on its way to $1450 its a whole different ball game.
okay here is an example:
Gabriel Resources Ltd: TSX: GBU
It has a market cap of 1.9 BILLION dollars, hasn't produced an ounce of gold from its primary mine, and its years away from doing so.
Awesome things to consider about PCFG
PCFG was already an operational mine!
In mining the biggest obstacles to actual production are a clean water supply, lots of electricity, permits & good roads.
PCFG already has all of these things in place!
All these famous junior miners are trading at nearly 1 billion dollars market cap and they don't even have power in the ground and are several years away from actual production.
40,000
use to be 4 million before the retarted 100:1 reverse split.
that was me, i dumped all my neom shares yesterday.
Waited more than two years and lost 60%
put my cash into pcfg
Thats because companies like Newmont and Barrick go after 10 million ounce or more sites.
The Limiting factor aside from funding in any mining operation are teams of people that know what they are doing epically seasoned geologists.
in the late 80's & 90's mining was a declining industry and there was very little interest in terms of graduates going into the mining industry.
The same thing happened with the oil industry in the early 90's when oil was $5/barrel. In 2003 they couldn't find any graduates with a background that had anything to do with oil drilling. They even stopped teaching it a most universities. So they saved the little expertises they had for the largest projects.
If a large mining company has 10 good "teams" to start up a mine they are not going to waste a "teams" time on 1/2 million ounces when they could be working on a project with 17 million ounces of gold and 700 MILLION ounces of silver like the one Barrick is working on in Chile right now.
Each O/S share of PCFG is backed by $2.18 of Gold at $1300. It would be interesting to see how much gold is backed by other mines.
Its hard to find a total number for the larger mines as they have mines in up to 35 countries and doing new deals every month.
I don't think finding funding will be a problem with gold at $1350 going to $1450. At this point they might not even need it. With 120 Million shares in volume in lat two weeks CEO could have sold 20Million shares and funded it himself. (as in we are funding it right now ;))
Remember this stock was trading at 60 cents when gold was at $700
They would have made $300 an ounce back then. Today Same business model will make $800 to $900 an ounce.
well in the last two weeks there has been over 130 Million in volume, nearly half of whats trading. Can't be much shares left of people who want to sell.
i did see and I did have a heart attack, but only for a second lol my account balance "changed" lol
whatever it was thats nearly $50k in one trade
Would just like to point out that its not even a trading day in the US. Just wait for Tuesday. :))
Just glad Yorkville isn't here lol!
-Low float for a penny stock,
-Assets increasing in value everyday.
-No loan sharks to dilute stock.
Anybody remember Neomedia?
Started with 1 Billion shares then Yorkville diluted 1.5 BILLION shares and it still ran up to 3.8 cents! And they never had anything really going for them.
This is totally different.