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From your disclaimer statement @ insert-text-here
Thanks for being up front about your compensation:
I'm with you on that. Given the paid promotion, the sudden influx of new posters and this PR, we're starting to look like a P&D. The PR doesn't give any numbers so it's tantalizing but not substantive. I'm with Hinky on this, "Cautiously optimistic. Until we have actual numbers to crunch we're going to be like Philistines running from pillar to post. The glass is both half empty and half full.
Something is obviously afoot here. I don't know about anyone else, but the appearance of a paid pump and dump newsletter and the sudden increase in postings makes me suspicious. Nobody spends $2,300.00 out of the goodness of their heart to promote a struggling upstart gold operation without the expectation of making a profit off of the retail market. Remember the boosting campaign back in January? Some of this latest hype is highly suspect. Check out SEC's Section 17{b} which says that a paid promoter has to reveal his funding source when asked.
How did you hear about us? PCFG is not for the faint hearted. The law suit business is not all that important--production is.
Cool! Or is that too dated? \V/_
Edit: I wonder if the IRP's Investor Relations Professionals will show up again?
Since you're a registered member of the newsletter, why don't you ask them to reveal who the third party is? Maybe it's Viewmaster? or SN? or even Carhauler? \V/_
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73668091
I realize that it's a little vain to answer one's on posts, but I went back and checked around January 18th when all of the Investor Relations Professional (IRP's) showed up on our board.
One of them had the following disclaimer:
Compensation concerns and from SEC website:
http://www.sec.gov/investor/pubs/cyberfraud.htm
Some companies pay the people who write online newsletters cash or securities to "tout" or recommend their stocks. While this isn't illegal, the federal securities laws require the newsletters to disclose who paid them, the amount, and the type of payment. But many fraudsters fail to do so." In order to be in full compliance with the Securities Act of 1933, Section 17(b), any consideration to Epic Penny Picks, its affiliated members and its management will be fully disclosed if applicable. Epic Penny Picks, and/or any of its affiliates, principles, employees, clients, partners, directors, agents, and the respective family members may from time to time buy or hold shares of any of our profiled companies prior to releasing it to the membership via email or website posting. We also may sell our shares in any profiled company at any time after the profile has been released to the membership which may allow us to profit from the sale.
Compensation In order to be in full compliance with the Securities Act of 1933, Section 17(b), Epic Penny Picks, its affiliated members and its management fully disclose that they receive fees from profiled companies or agents representing the profiled companies. These fees may be paid in cash, securities of profiled companies, or both, and will be completely disclosed for each profile. You should be aware that the aforementioned have a present intent and may buy or sell before, during, and or after (or any other possible combination) any and all companies that are mentioned by Epic Penny Picks, its affiliated members and its management. Compensated stock profiling by Epic Penny Picks is done as part of larger stock awareness programs, details of compensation to Epic Penny Picks is available upon request.
Any speculation on who the third party was? Don't they have to reveal who the third party is, if asked?
And the instructions on how to use it. Just kidding; is the paint dry yet? \V/_
That's a reasonable spread; personally, I'd go with the lower end, so as not to set expectations too high. \V/_
The man hours reported on in the MHSA Report are not directly related to output. Those man hours include maintenance, repairs, mining as opposed to processing, etc. The numbers you want to look at are the plant's capacity (150 yards per hour) and the hours the plant ran (which we don't know). Running at 100% capacity (which is unlikely) They'd be capable of producing the following in 1 hour:
.4 grams/yard 60 grams 1.87 ounces
.3 grams/yard 45 grams 1.40 ounces
.2 grams/yard 30 grams 0.93 ounces
.1 grams/yard 15 grams 0.47 ounces
You can use those numbers to calculate how much gold they'll report on the 10 K depending on the percentage of capacity they're running at, the number of hours the plant ran during the day and whichever recovery rate you choose.
I realize that working this out ia a bit difficult, but it's relatively important if we're going to predict the amount of gold processed. It' pretty safe to assume that the production workers are putting in 50 hour weeks based on the data, but there is no direct link to the amount of gold recovered. \V/_
It all comes down to this: "Nobody Knows Nuttin!"
Edit: LMPA. if you use these numbers you can work out several scenarios depending on how optimistic you want tobe.
Perhaps you need a new pair of glasses.
Have a couple of more drinks and see if your math improves. Basically, each production employee is putting in a 50 Hour Week. \V/_ :-}
Good analysis--just about sums it up.
OK, I give up; my Nobodyese translator overloaded and crapped out when it started on your last post. You can have your 80 willion shares. [click]. \V/- ;-}
You keep using 80,000,000 shares. In what time frame are you talking about?
Or, it could be that's what the market thinks it's worth. Thanks for the clarification on the numbers. Is there anyway that the actual number of naked shorts can be known?
Did you read the link ZRock gave? The numbers of themselves are of little use but can be an indicator of a broad pattern. Your conspiracy theory doesn't hold water. If the MM's make money solely based on volume then they're hurting when it comes to PCFG. We've pretty consistently traded at 1-2 million shares a day with about 20-30 daily transactions for the past couple of months--chump change to any MM. Where you may have a case is with the bear raids that occur after a quarterly report when 26 million shares are involved.
I'm not a big fan of the MM's either. But they are small part of the larger problems with Wall Street. \V/_
What cosmic event converted you to the Sumdude dilution cult? You're beating a dead horse. The dilution was expected because of the conversion option. Give it a rest. LMPA is giving math lessons. \V/_
Using your number of 30,240 yards for December, one gets the following:
@ .4 grams/yard, 376.23 ounces $526,718.72
@ .3grams/yard, 282.17 ounces $395,039.04
@ .2grams/yard, 188.11 ounces $263,359.36
@ .1 grams/yard, 94.06 ounces $131,679.68
My guess is that we should see around 150 to 200 ounces for December because it was a startup and things needed to be tweaked.
The whole point of this math exercise is to point out to the dilution fanatics that even in less than favorable conditions the operation can still be profitable.
Edit: Ther's a strong possibility that December was profitable.
Have a drink. All the MSHA numbers give us is an idea of how much overtime they're working. Recovery rate and yards processed are necessary to determine profitabiity. Yards processed can be inferred by using plant capacity (150 yards/hour) times hours run.
I think you went to nobody's math class. The number of hours worked is not directly related to the output. The number of hours the mill runs is the important number. The plant output is 150 yards per hour. If they work a 10 hour day that's 1,500 yards per day. If they work a five day week that's 39,134 yards per month. They get approximately $1,400.00 an ounce from the refinery. So they get the following monthly numbers based on the recovery rate:
@.4 grams/yard, 486.88 ounces, $681,632.69
@.3 grams/yard, 365.16 ounces, $511,224.52
@.2 grams/yard, 243.44 ounces, $340,816.35
@.1 grams/yard, 121.72 ounces, $170,408.17
Let me head off all the other math whizzes and say these are rough numbers and don't take into account equipment failure, lack of tires, life belt drills, et al. The break even point is right around .15 grams per yard. What the MSHA numbers tell us is that they are working 50 hours per week which is good.
From your posting history it would appear that you are a short term trader looking to make a quick buck. For those of us who are left--bag holders, longs, take your pick, the daily price fluctuations are less important than the overall progress being made by the company. There is an actual plant processing ore in our case; not some promoted pie in the sky proposal to mine a questionable claim. Most of the startup capital has been spent on getting the plant operational. We will soon see if that operation is profitable. If they are turning a profit then there is no need for further dilution. Further they will be able to access more favorable capital resources. Of course it's a crap shoot. But, the odds are in our favor here. \V/
So, according to the link the short volume number is pretty meaningless and there is no way to know what the real number of uncovered or naked short sales are out there. Thanks for the information it helps a lot. \V/_
Just checked the MSHA site. They've got some penalties still due freom 2007 plus the current delinquent ones. Some of the big fines were for bad house keeping. They haven't been fined for that this time around. I still crack up over the lifebelt citation every time I see it. I haven't been able to find the monies owed to Uncle Sam in the financial statements. Maybe we could pay off Uncle Sam with shares. \V/_
What's with the change of heart Twit? ;-}
Help this former Chicago South Side Greaser understand the numbers you post. Which are the short numbers? Guess I'm a bit obtuse today. Thanks.\V/_
Are you getting the feeling that we might be coming to be Cub fans? There's always next year. This new dilution should give some fodder for Sumdude's grist mill. There is no reason in the world for them to be running the mill unless they're profitably recovering gold. If this were a bust they'd just declare bankruptcy and start over with the financing. GM did it. The fact that they're still operating speaks volumes. Robo is sniffing his shorts, so things aren't all that bad. One clue that was glossed over is that BULM accepted shares in lieu of cash and they seem to have a pretty good handle on their finances. If the January and February figures are reasonable we could easily see $.10. Taking their number of $270,000 monhtly expenses and dividing it by $1,400 per ounce they get from the refinery, they would have to produce 193 ounces. That's a pretty rough estimate, but it will give you an idea of what they need to produce. \V/_
How you are, Dee. Although I'm not overly pleased with the additional shares, it doesn't seem to have had any effect on the share price. Another day watching the paint dry. Checked the Magic Eight Ball and got, "Outlook cloudy."
Part of me wants them to delay the 10K just to listen to the moaning and wailing. The other part wants to see good, hell, even any numbers. We'll know in a week. \V/_
People will go to any length to make a useless and senseless point.
There's always more than one possibility. In your case your somwhat right about the shares being issued, but you're also dead wrong about no progress being made. I wasn't very happy about the last financing deal back in December. We're paying loan shark rates for operating capital. We have visible evidence that the mine is operational and that ore is being processed. Actually, if you check your posting history, you were advocating last summer that they just run the plant even if their recovery rate sucked just to have some gold to sell.
Well the plant is running. What's your problem? They aren't processing all that ore to make sand castles for Robo's beach party at the settling pond. Check your math. Where did you come up with 10%?
And then there are those of us who have no clue.
You can go to their website and subscribe for email notification. That's how I usually find out.
Personally, I don't think it will happen, but if it does, I'm with your assesment. If it does happen though, this board will have a serious melt down. The evidence so far indicates that they're doing OK. \V/_
God help us if they delay the filing. I vote for after hours on Friday the 30th. \V/_
We should know by next Friday. Perhaps we should have a poll on the recovery rate. I vote for .3 grams per yard. It should be interesting in the meantime watching the colledtive hand wringing. Keep the faith. The bashers and day traders should start showing up next week. \V/-
How's your stress factor? Are you getting twitchy yet? Next week should see a marked increase in vallium sales. \V/_
I used the MSHA numbers and came up with between $60,000.00 to $80,000.00 per month. It all depends on pay rate and overtime worked. These are very rough numbers, but they may give you an idea of what to expect.
You may be being a bit too enthusiastic, but if you were to cut your numbers in half, it would work out to over $2.00 per share which isn't all that bad. Your point that PCFG is grossly undervalued is well taken.
The last post was on the 27th of February.
Don't get your hopes up about breaking even in the fourth quarter. They didn't really get going until December and then there was the note conversion on December the 12th. January and February should be better. It's OK to cheer us on, but be realistic in your expectations. \V/_