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Had to laugh today..... Every stock in my portfolio is down today, except PCFG..... Now isn't that a fricken switch!!! LOL
I tell ya, if PCFG ever gets back to half a buck, I think we'll all be drunk, for a long while !
Oh man, it could be fatal..... Actually, I keep pinching myself to see if I am drunk. After holding PCFG for all these years, and even buying a whack of it around .003, one would think they are drunk when they view the currrent share price and all the enthusiasm surrounding the stock. LOL
Just want to add to this on the note about being bought out... I don't believe it is possible that Century Mining can be bought out unless Maxim Finskiy wants to sell. He owns about 50% of the shares so a hostile takeover is impossible. Also, Finskiy is a mining heavyweight and has dropped many millions into Century in order to make it a big money maker. Not a chance he's letting his shares go cheap. His team has the cash and the time to turn the Lamaque mine into a major contender and I have no doubt they will. They're not pumping anything and will wait for the results to speak for themselves, just the way I like it.....
Also, the ore from the Bedard Dyke is scheduled to come on stream this month and that is going change everything as this is where the higher grade ore is sitting. The ore they have been processing in this startup phase is just the mineralized muck on route to the higher grade ore.
I have to say that shareholders are in for a treat because once this starts moving it's going for a big ride. Finskiy is not selling any of his shares so that removes half the shares from the float, too.
We need patience..... This stock WILL move in a big way. Everything is in place and I continually check up with the company. They are on track to produce 110,000 ounces in 2011 and there is no way they are going to be trading at 50 cents when that happens. They're going to do about 60,000 ounces this year just ramping up but when the Lamaque mill gets going at 2100 tons per day and the higher grade ore starts getting fed into it, look out! My best guess is that after November 15th, the date they have announced their 3rd quarter results and the date they are holding a public conference call is for sure the last time we'll see these low prices, perhaps even sooner.
Don't get shaken out.... this is a BIG winner.
One day this stock is going to start really moving, that I'm absolutely positive on. They're hitting all of their targets. It's just a matter of time. I'm ready.... :)
PCFG Begins Field Testing With Geotextile Tubes
http://ih.advfn.com/p.php?pid=nmona&article=44443771
Black Rock Canyon Mine Begins Field Testing With Geotextile Tubes
Date : 09/20/2010 @ 2:21PM
Source : MarketWire
Stock : Pacific Gold Corp. (PCFG)
Quote : 0.009 0.0033 (57.89%) @ 1:30PM
Black Rock Canyon Mine Begins Field Testing With Geotextile Tubes
Pacific Gold Corp (OTC) (USOTC:PCFG)
Historical Stock Chart
1 Month : August 2010 to September 2010
Pacific Gold Corp. (PINK SHEETS: PCFG) announced today that the Black Rock Canyon Mine will begin testing Geotextile tubes for dewatering tailings from the mine screening plant in October.
Previously the Company tested Geotextile tubes in a lab setting, with gravel ore from the mine, to test the ability of the Geotextile tubes to contain tailings while allowing clean water to pass through the tubes for reuse. These lab tests were successful and the next step is a full scale field test.
The mine plans to run its on-site stockpile of approximately 9,000 tons of gravel (approximately 1/4 of a month of anticipated normal production) in order to test the Geotextile tubes on site in preparation for beginning full scale mining operations.
The Company expects to complete the field testing of the Geotextile tubes by the end of October.
About the Company
Pacific Gold Corp.'s business plan provides for the acquisition and development of production-ready and in-production mining operations. The company is focused on alluvial gold and base metals operations located in western North America. Pacific Gold Corp. owns four operating subsidiaries: Nevada Rae Gold, Inc. ("Nevada Rae") owns and operates the Black Rock Canyon gold mine, located in north-central Nevada; Pilot Mountain Resources Inc. ("Pilot Mountain") owns Project W, a large tungsten based deposit in Nevada; Fernley Gold, Inc. ("Fernley Gold") acquired exclusive lease rights to mine the Lower Olinghouse Placers in north-western Nevada; and Pacific Metals Corp. ("Pacific Metals") owns claims in San Juan and Delores Counties, Colorado, encompassing the historic Graysill Mine.
This news release includes forward-looking statements that reflect Pacific Gold Corp.'s current expectations about its future results, performance, prospects and opportunities. Pacific Gold Corp. has tried to identify these forward-looking statements by using words and phrases such as "may", "will", "expects", "anticipates", "believes", "intends", "estimates", "should", "typical", "we are confident" or similar expressions. These forward- looking statements are based on information currently available to Pacific Gold Corp. and are subject to a number of risks, uncertainties and other factors that could cause the Company's actual results, performance, prospects of opportunities in the remainder of 2010 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements.
To find out more about Pacific Gold Corp. (PINK SHEETS: PCFG), visit the Company's website at www.pacificgoldcorp.com.
Contacts:
Pacific Gold Corp.
416-214-1483
www.pacificgoldcorp.com
Hey! I'm not a bitch.... but it looks as though I'm going to make a heck of a lot of money. Toooooooo funny...
PCFG Begins Field Testing With Geotextile Tubes
http://ih.advfn.com/p.php?pid=nmona&article=44443771
Black Rock Canyon Mine Begins Field Testing With Geotextile Tubes
Date : 09/20/2010 @ 2:21PM
Source : MarketWire
Stock : Pacific Gold Corp. (PCFG)
Quote : 0.009 0.0033 (57.89%) @ 1:30PM
Black Rock Canyon Mine Begins Field Testing With Geotextile Tubes
Pacific Gold Corp (OTC) (USOTC:PCFG)
Historical Stock Chart
1 Month : August 2010 to September 2010
Pacific Gold Corp. (PINK SHEETS: PCFG) announced today that the Black Rock Canyon Mine will begin testing Geotextile tubes for dewatering tailings from the mine screening plant in October.
Previously the Company tested Geotextile tubes in a lab setting, with gravel ore from the mine, to test the ability of the Geotextile tubes to contain tailings while allowing clean water to pass through the tubes for reuse. These lab tests were successful and the next step is a full scale field test.
The mine plans to run its on-site stockpile of approximately 9,000 tons of gravel (approximately 1/4 of a month of anticipated normal production) in order to test the Geotextile tubes on site in preparation for beginning full scale mining operations.
The Company expects to complete the field testing of the Geotextile tubes by the end of October.
About the Company
Pacific Gold Corp.'s business plan provides for the acquisition and development of production-ready and in-production mining operations. The company is focused on alluvial gold and base metals operations located in western North America. Pacific Gold Corp. owns four operating subsidiaries: Nevada Rae Gold, Inc. ("Nevada Rae") owns and operates the Black Rock Canyon gold mine, located in north-central Nevada; Pilot Mountain Resources Inc. ("Pilot Mountain") owns Project W, a large tungsten based deposit in Nevada; Fernley Gold, Inc. ("Fernley Gold") acquired exclusive lease rights to mine the Lower Olinghouse Placers in north-western Nevada; and Pacific Metals Corp. ("Pacific Metals") owns claims in San Juan and Delores Counties, Colorado, encompassing the historic Graysill Mine.
This news release includes forward-looking statements that reflect Pacific Gold Corp.'s current expectations about its future results, performance, prospects and opportunities. Pacific Gold Corp. has tried to identify these forward-looking statements by using words and phrases such as "may", "will", "expects", "anticipates", "believes", "intends", "estimates", "should", "typical", "we are confident" or similar expressions. These forward- looking statements are based on information currently available to Pacific Gold Corp. and are subject to a number of risks, uncertainties and other factors that could cause the Company's actual results, performance, prospects of opportunities in the remainder of 2010 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements.
To find out more about Pacific Gold Corp. (PINK SHEETS: PCFG), visit the Company's website at www.pacificgoldcorp.com.
Contacts:
Pacific Gold Corp.
416-214-1483
www.pacificgoldcorp.com
Anyone know what's REALLY going on?
Have to say that I'm shocked! Good thing I rolled the dice and bought some of those cheap shares but we'll have to wait and see it this is for real, because I'm still VERY skeptical....
Yes, the share price not moving is odd. However, those drill results were superb and Century Mining is on schedule to produce 110,000 ounces next year so it's only a matter of time before this moves in a big way. This stock is extremely cheap for what they have.....
Century Mining - Excellent Drill Results....
Century is proving up even more gold. This stock is way too cheap with 6 million ounces and projected production of 110,000 ounces in 2011.
Here's the latest news.
http://www.marketwire.com/press-release/Century-Minings-Underground-Drill-Program-Bedard-Dyke-Continues-Intersect-High-Grade-TSX-VENTURE-CMM-1325280.htm
Excellent Drill Results....
Century is proving up even more gold. This stock is way too cheap with 6 million ounces and projected production of 110,000 ounces in 2011.
Here's the latest news.
http://www.marketwire.com/press-release/Century-Minings-Underground-Drill-Program-Bedard-Dyke-Continues-Intersect-High-Grade-TSX-VENTURE-CMM-1325280.htm
No Stopping SFMI......
Once you take an objective look at all the pros and cons there is only one conclusion and that is that SFMI will prevail in the end. I've now completed my DD after finding a very reliable source and even though there are aspects of this company that don't appear quite right the value of the holdings and the progress to date will simply render the negatives meaningless.
Century is going to start making bigger moves now. Their latest PPs are closed, they have tons of cash, and major shareholders with very deep pockets. Tons per day is ramping up and the search for the new CEO has been ongoing. The plan is to have the position filled sooner than later. They are on schedule to produce 110,000 ounces of gold in 2011. They have all their new low profile scoop shovels and jumbo drills which is going to streamline underground mining by a wide margin when compared to the traditional jack leg drilling, etc. All the BS with the share price is going to stop now, just watch......... Century Mining share price is going to start rising now.
Who's creating confusion? And who's demanding anything? Some are simply seeking answers to pertinent questions, and many of those RK has not answered. For the record, I own a lot of SFMI and GHDC shares, and because I do I ask questions. It's unfortunate that one has to post on IHub to deduce the truth from a myriad of diverse sources, but it is what it is.
Well it would be nice to know what the value of the gold and silver concentrates that they have setting around in bags or buckets. We were not provided any ore grades that were processed, no oz per ton of ore processed and no idea of what the actual gold and silver concentrates of the material comming off the shaker table. That sack of concentrates will only become valuable when they take it to a smelter and have it processed. I really do not understand the argument that they are saving it and not taking it to the smelter until the price of gold goes up. That has nothing to do with having the gold processed at a smelter. They could have the gold returned or stored, they do not have to take paper money for what they have processed. So until we get some information on this i will not be counting my chickens or gold. geomine
This makes a heck of a lot of sense to me.
How is SFMI paying for daily operations? IS SFMI borrowing money against their reported saved concentrate? If they are borrowing money for operations, how much are they in debt? I keep hearing they have no debt but how can that be if you're not processing the concentrate and selling the gold and silver?
30 cents monday!!!!!!!!!
Carmine,
You said we were supposed to be at one dollar last week.... What happened?
lzlp9,
Did you go to the shareholders meeting?
50 tons per day is a long way from 500, and the mill has been running almost half a year.
Well, actually, it's not a long way from 500 tons per day. There is no point in running huge tonnage through the mill until it is tuned to extract the maximum amount of gold and silver. The process of fine tuning a mill can take a long time and a few months is minimum in good conditions.
It's not like they have been physically building a 500 ton infrastructure for months and have built enough infrastructure capable of milling 40 tons per day. The infrastructure is largely in place now....
It's disappointing, and explains the lack of PRs.
It is what it is but the way I look at it is that they are much closer to the point in time when it makes sense to ramp up the tons per day. These things take time and the key to keeping your sanity with these operations is to pay close attention to what is being stated by over enthusiastic shareholders and the realities involved in starting a mill from scratch.
My opinion is that SFMI has made a major step forward in a few months. I fully expect that in a few more months they will have a major money maker. I won't be shaken out by something that is perfectly normal for an operation at this stage.
Thanks for the update, CapnDon! I look forward to your next news release..... :)
I'm ready! Let the show begin...... :) GHDC and SFMI are my plays of the week...... getting anxious.... but not with fear..... just nervous anticipation of the wild ride ahead.....
why everyone so quiet
I was waiting for PCFG to skyrocket today! Remember, BarChart.com had PCFG as a STRONG BUY on Friday. Heck, I kicked backed and was all ready to become a multi-millionaire today. Then reality set in when BarChart.com sobered up over the weekend and downgraded PCFG to a HOLD!!!! C'mon eyewarrior..... pump this baby up!!!!
.0025s are up! Let's hit the ask,
Are you fricken nuts? Why would someone do that? All you will be doing is paying too much for a stock that is going nowhere. Better to wait until it's back in the .0009 range. At least you could play the channel a bit. I suppose that's what you're doing, though, trying to unload your super cheapies for a bit of a gain.
take out the 25s and then we're good to go!
Good to go where? This company has nothing going for it.....
Let's make this low floater fly.
This company is closing in on a billion shares, who are you trying to kid?
If only we had volume, this would move so easily.
The only thing that is going to make this move is real news and that is highly doubtful given the proven pitiful management performance.
I think the price will go down also if they increase the shares. .05 is my price. A nice return from where I bought. bobby joe
If the grades are what is rumoured then GHDC will go much higher than 5 cents. If the grades are not then this is going to be worthless really fast. It's just that simple.....
PS. Thanks for all the great pictures, bobby joe!
I think barchart.com has been at the bar all day drinking.
Peggy had too much baggage but she did do Century one big and final good deed. She cut a financing deal worth 60 million dollars and that has got Lamaque back producing. Truthfully, that was no small feat. The fact that she is gone now is just the icing on the cake for investors. If they get a CEO that is Bay street friendly then that will be a huge bonus. However, the most important point to keep in mind is that Century is on track to producing 110,000 ounces of gold in 2011. That fact is going to push the share price many multiples from here...... and they are on schedule.................. :)
Star Gazer,
A gold forward sale is possible but they are not that easy to get. I don't know the deal Deutsche bank cut with Petaquilla but I'm very familiar with the deal Deutsche bank made with Century Mining, another company I have a VERY large position in. In Century's case the gold forward deal with Deutsche bank was contingent on them getting an equity deal first, then performance base on tonnage milled, and then the gold forward deal would come into play. In other words, Deutsche bank is very careful that when they put their cash out that they are going to get gold in return. This is where PCFG is going to have a very difficult time convincing anyone that they are capable of mining gold given their abysmal track record.
I actually own a lot of PCFG shares but when I compare it to the outstanding share count it doesn't look that big anymore. I poke my head in here once in a while but seriously nothing has changed in years, except for one thing...... The number of outstanding shares keeps going up by very large numbers. Needless to say PCFG is one of the worst managed companies I've ever seen.
I'm just hoping some entities pump it up like some group tried to do with CNEX. I believe that is the best chance I'll have to dump this POS. I have no faith in managment, if you can call them that.
Am I the only one buying these past 2 days? Picked up a bunch.
I already own a ton but you'll do great buying at these levels. After the shareholders meeting these shares are going to be much much higher....
I would think that the PR from yesterday demonstrates that the company is taking the steps to secure a startup loan and that the potential lender wants to be in a first position for repayment.
No one is going to give PCFG a startup loan. If Pacific Gold is very lucky they will get an equity financing. If that financing is done at these levels, and there's not reason to believe it won't, then the outstanding shares will climb well past the 1 billion mark.
US Silver Financing for the Coeur Mine
September 08, 2010
U.S. Silver Corporation Announces $6 Million Bought Deal Equity Financing
--------------------------------------------------------------------------------
View News Release in PDF Format
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN
Toronto, Ontario, September 8, 2010 -- U.S. Silver Corporation [TSX-V: USA; US OTCQX:USSIF; DB Frankfurt: QE2] (the "Company") is pleased to announce that it has entered into an agreement with Cormark Securities Inc. ("Cormark") (the "Underwriter") whereby the Underwriter will purchase 23,100,000 units ("Units") of the Company on a bought deal private placement basis at a price of $0.26 per Unit. Each Unit shall consist of one common share of the Company and one-half of one common share purchase warrant. Each whole warrant shall be exercisable at any time for one common share at a price of $0.35 per share for a period of two years following closing.
The Company shall have the right, commencing nine months after Closing, to call the outstanding warrants for expiry, upon 30 days notice should the common shares close at or above $0.45 for 20 consecutive trading days. Prior to nine months after Closing the warrants will not be callable for exercise by the Company.
The Underwriter shall be entitled to a cash commission equal to 6.0% of the gross proceeds of the offering. In addition the Underwriter will be granted broker units ("Broker Units") equal to 6% of the number of Units sold under the offering. Each Broker Unit will entitle the Underwriter to purchase units consisting of one common share and one-half of one common share purchase warrant at $0.26 per unit for a period of two years following the Closing. Each whole warrant will be exercisable for one common share at a price of $0.35 per share for a period of two years following the Closing.
The Underwriter shall also have the option, exercisable prior to the closing of the offering, to purchase up to an additional 3,465,000 Units at the issue price under the offering. The offering is scheduled to close on or about September 29, 2010 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange.
The net proceeds of the offering will be for redevelopment of the Coeur Mine and for general working capital purposes.
The securities described herein have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States unless registered under the Act or unless an exemption from registration is available. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About U.S. Silver Corporation
U.S. Silver, through its wholly owned subsidiaries, owns and/or operates the Galena, Coeur, Caladay and Dayrock silver-lead-copper mines in Shoshone County, Idaho, with the Galena mine being the second most prolific silver mine in US history. Total silver production from U.S. Silver's mining complex has exceeded 217 million ounces of silver production since 1953. U.S. Silver controls a land package now totalling approximately 14,000 acres in the heart of the Coeur d'Alene Mining District. U.S. Silver is focused on expanding the production from existing operations as well as exploring and developing its extensive SilverValley holdings in the Coeur d'Alene Mining District.
For Further Information Contact:
Tom Parker, CEO
Tel: 208-752-0400
Chris Hopkins, CFO
Tel: 416-907-9539
Email: info@us-silver.com
Website: www.us-silver.com
does that mean that if it hits a penny that only half as much shares will be needed 22,222,222
Nope, it means there will be 44,444,444 new PCFG shares..... The reason they took the shares at a market premium is that they probably do not believe they will get their money back, so they'll take whatever they can get....
PCFG---nice news today--- will be having some volume coming in the next few days!
Let's be serious, that news sucks.... and yes PCFG will get some volume....... there's another 44,444,444 shares that are going to get dumped into the market so the company can recoup some of it's loss.
Let's make this a 5-10 bagger at least! Or even pull a 5000%. That would be nice!
Given the number of posters on this board I'd say it's a fair guess that PCFG will acquire 5 - 10 more bag holders....and no that won't be nice for them.
have faith just not compleatly underwater about it like goldbandit i do think well see over a nickle
When analyzing stocks I don't think that faith should enter the equation. If PCFG goes over a nickle it will be because they rolled back the shares 100 old for 1 new.
anyone know how many shares 220,000 dollars converts into
Lowjack is correct when he stated 44,444,444 new shares. What's another 44 million when you're closing in on 1 billion shares outstanding?
"will someone explain to me what is meant by low floater "
A company with a low float does not have many shares readily available for trading. PCFG is about as far from a low floater as one can get, given it is closing in on a billion shares outstanding, give or a take a hundred million, or so......
The reality of PCFG is that a "low floater" is best depicted in this picture. This is how ready PCFG is ready to fly.....
Add me to the list of SFMI believers.
If the recovery rate comes out anywhere near the rumored 1 ounce per ton SFMI is going to go ballistic. With 800,000 tons of the this ore just sitting around in piles you will have the simplest mining operation and a reserve worth 1 billion dollars.
Hey! You guys lock down that float yet?