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Perhaps if they said it "purtier" it would be more effective,eh?
There was some intimation yesterday that the concentrating systems used by PCFG were "experimental" and not proven technology. Knelson bowls and Hy-G concentrators are industry standards proven over time to be effective and reliable.
Would you please explain how a "great PR firm" would change peoples perception of PCFG.
Personally, I like the straight forward manor Management has taken. The last 10 months they have put into press releases exactly what they are going to do to produce gold and deliver value to shareholders. They have then done EVERYTHING they said they would do. They have given shareholders insight into where we are going and then they have gone there. Perhaps telling the truth, being candid, blunt and to the point are old school. Management won't tell someone disseminating information anything new, ie a PR firm, than what they are giving us in press releases.
So, why spend money PCFG doesn't really have and doesn't really need to spend to hold some peoples hands? What will it really accomplish?
PCFG is just starting to produce gold. They worked the top sandy layer which contains only .1 grams per ton for a two week period. The gravel layer which lies below has around .4 grams per ton.
Your stock has some potential, good luck with it.
BTW, incorrect on the state and persuasion. They do have some very nice national parks there. Very interesting opinions you passed on.
PCFG is currently producing gold. You can keep apprised of any production changes by reading Press Releases from the company. You know where to find PR's don't you?
Sorry about the drop your stock took today. It pretty much paralleled golds drop. Were you expecting gold to continue going vertical without a correction here and there?
News here, yes. PCFG was down .23%, far less than golds drop of 4.75% and the 4.28% drop on your current gold stock. Anything else you need?
You're last two posts are spot on, nice work. The gravels from which PCFG is pulling placer is indeed an alluvial fan from eons of erosion leaving carved canyons. The mountain once held the gold that fills the plain.
PCFG expeditiously settled the ownership dispute on Pilot Mountain to get funding as quickly as possible for rapid expansion on NRG, IMO. Some speculated PCFG would need another round of share dilution to raise funds. Black Fire's payment will fill that need. Those who are selling the past few days will be in scramble mode trying to get back in with the PR you suggest. Some are zigging when they should be zagging.
I'm going to forward your post on to Mitch. Even Management need a laugh now and then.
Thanks for the funny!
You are wrong again. They have already put out a Press Release with regard to selling the gold to a Salt Lake City, Utah refinery:
07/27/2011
Pacific Gold Corp. - Black Rock Canyon Mine Gold Production
TORONTO, July 27, 2011 - Pacific Gold Corp. (OTCQB: PCFG)
PCFG announced today that the production of gold from gravel screening began at the Black Rock Canyon Mine (BRCM) on July 13th. The Company has also begun shipping gold to the refinery for credit to the Company's account.
Credit equals revenue.
What does PCFG have to do with that other company? Is it the same gold fields? No. Do they use the same processing plant? No. Do they have the same management? No. Do they have the same goals? No.
You have been proven wrong on so many posts, I'm amazed you keep trying.
REF: "Worries me that they didn't state the gold will be turned into revenue."
Unbelievable! Really? Here's the equation. Mined Gold = $1850 dollars per ounce/revenue.
Jinx! Lol.
You really should look this stuff up yourself before posting inaccurate information. This is really old stuff and virtually everyone on this board knows about it:
8/30/2005 2:47:41 PM ET
PCFG Begins Building Construction
TORONTO - August 30, 2005 - Pacific Gold Corp. (OTCBB: PCFG) today announced that Nevada Rae Gold has received its building permit from the Lander County, Nevada, Building Department. Construction of the CompanyÕs Building #1 at the Black Rock Canyon mine commenced on August 26th.
Building #1 will accommodate the Company's mill and screening operation at the Black Rock Canyon Mine. The building will protect the mill and equipment from the elements, and allow the Company to process gold bearing gravels year round. Building #1 is also designed to provide an area for the CompanyÕs mechanics to work on the heavy equipment and machinery.
Building #1 construction is expected to be completed in approximately six weeks.
The Black Rock Canyon Mine is operated by Pacific GoldÕs subsidiary Nevada Rae Gold. The Company began pre-production in April, and expects to have the mine in production during the fourth quarter of 2005.
To learn more about Pacific Gold Corp. (OTCBB: PCFG), visit our website at www.pacificgoldcorp.com, or contact the Company at 416-214-1483.
http://www.pacificgoldcorp.com/news100920.html
They have 2 days to file the form after an acquisition (A) or disposal (D) of shares. No Form 4's have shown in that time frame.
I have a question for you. Why would Mitch and the guys sell at .08 or less when they are on the cusp of producing enough gold to put this into the .20-.30 range in less than a year?
Also, with the price of gold going exponentially higher, what is going to happen with large gold entities and acquisitions? Yup, the big boys will be looking to acquire more gold bearing properties to push their earnings into the stratosphere.
Lots of boogie men out there trying to spook shareholders.
Nice try, but it didn't happen. Mitch and any other member of the BOD has to file a Form 4 with any transactions, buy or sell. We would know of any sales from insiders.
The Crescent Valley will have periods of snow that can last for weeks. Snow can at times be well over a foot deep. It can also be below freezing for weeks. However, the weather is nothing that will stop modern earth moving equipment from digging, scraping or loading placer laden soils.
Fort Collins is different than Crescent Valley in that much of Nevada lies in the Sierra Nevada "shadow". The extreme height and elevations of the Sierra Nevada range pull most of the moisture from weather systems and leave a dry area to the east, Nevada.
Here's a link: http://en.wikipedia.org/wiki/Rain_shadow
Look under North America.
They've already informed shareholders that they will mine year around. They have an indoor processing facility and heavy equipment is used throughout the mountain west to mine year around. Please quit posting false information.
You take an entire years worth of earnings to create EPS not part of the third quarter and fourth quarter earnings. Taking a ramp up for just a couple of quarters like you are trying to do is grossly misleading.
Ever heard of PEG. Please look it up. Price to Earnings Growth.
Once an entire year of earnings is in the book then you do a PE.
Please, do some reading.
I bought your shares at .052, thank you.
You couldn't be more wrong in three areas.
One- they said they'd put out a PR and they did, right on time on the exact day.
Two- there will be alot of good news forthcoming. It's the right sector and its increasing in value.
Three-the geo-tube PR where they've been given permission to put multiples at the sight will come and the production capacity will jump exponentially.
You are wrong, wrong and wrong.
Yes, how many shares were shorted first thing. This will bounce back hard IMO.
You're spot on with your estimate. The refinery will take PCFG's gold bars, dore bars, and bring them to around 99% pure gold. They'll want some sheckels for their services.
Here is one firm in SLC that refines gold:
http://www.cascaderefining.com/wp/
While we're waiting for finacials, here's a joke:
THE LOST BAGPIPER
As a bagpiper, I play many gigs. Recently I was asked by a funeral director to play at a graveside service for a homeless man. He had no family or friends, so the service was to be at a pauper's cemetery in the Oklahoma back country.
As I was not familiar with the backwoods, I got lost and, being a typical man, I didn't stop for directions.
I finally arrived an hour late and saw the funeral guy had evidently gone and the hearse was nowhere in sight. There were only the diggers and crew left and they were eating lunch. I felt badly and apologized to the men for being late. I went to the side of the grave and looked down and the vault lid was already in place. I didn't know what else to do, so I started to play.
The workers put down their lunches and began to gather around. I played out my heart and soul for this man with no family and friends. I played like I've never played before for this homeless man.
And as I played 'Amazing Grace,' the workers began to weep. They wept, I wept, we all wept together. When I finished I packed up my bagpipes and started for my car. Though my head hung low, my heart was full.
As I opened the door to my car, I heard one of the workers say, "I never seen nothin' like that before and I've been putting in septic tanks for twenty years."
Apparently I'm still lost....
You are entitled to an opinion. But calling this a Pinkie is not an opinion, it is a falsehood. If you don't like being corrected, quit posting false information.
At least try to get your facts straight and quit trying to mislead new posters reading the board. There is a huge difference between Pinkies and OCTBB stocks, whether you acknowledge it or not.
How many times does the board have to tell uneducated posters this is NOT a PINKIE. It is a fully compliant, current with filings OTC stock.
Please do some reading.
During the 07' season, they have recovered .2 grams per CY using a shaker table. Shaker tables were designed with nuggets and large placer flake recovery. NRG sounds like it is mostly small placer flakes. Small placer doesn't have the size and mass combination to shake down, it is simply passed through the process and put back in the ground.
The centrifuge they are now using will recover a much higher percentage of the around 50% placer what was once being lost. There will be a greater recovery, period. How close to the .4 grams per cubic yard is the question that should be answered today.
From their Website:
During the trial mining and plant commissioning, over 60,000 yd3 of gravel were processed. When NRG shut down the plant in October 2007, 370 ounces of gold had been recovered. This represents a grade of 0.2 g/yd3 recovered, however sampling of the plant tailings indicated that gold recovery was often less than 50% due to insufficient washing and screening and muddy process water.
I think we'll get about $200.00 per ounce less than Spot price. The refinery in Salt Lake will take their pound of flesh for taking the dore up to the 99% pure category. None the less, this is a real, producing mine that has some nice reserves and great potential upside.
Good luck to you.
Gold from the mine is smelted into a "dore" bar. From Wikipedia:
A doré bar is a semi-pure alloy of gold and silver, usually created at the site of a mine. It is then transported to a refinery for further purification.
The proportions of silver and gold can vary widely. Doré bars weigh as much as 25 kg.
55 lbs. sound mighty good to me.
A better question is, why has gold appreciated around 30% for the year while gold stocks have languished with virtually no gains?
Why the disparity in price when stocks have their earnings multiplied by the PE ratio and historically outpace the performance of gold by three to four times.
Why the difference in performance and when will gold miners catch up?
Edit: PCFG produced gold in 2006. The OS was far lower but gold is now three times the price of gold in 2006. They were probably around $200 an ounce gross income after production. We are going to be around $1200 an ounce gross income after production, six times the revenue.
This can really evolve into a special company.
Profits for all gold producing stocks, majors, minors and tweeners are going to be obscene the next few quarters. We will continue to get more attention because of the worlds economic slowdown, production and the sector. I think we get a decent price bump if the PR on recovery shows promise.
IF PCFG gets approval for the additional geo-tubes, we're going completely cosmic ballistic. For all the patient shareholders of multiple years. I hope they are richly rewarded for their steadfastness.
The price of miners has been stagnant for quite a period while gold has been on a tear. Miners, because of the PE leverage should outperform holding the commodity. It appears that the gap between gold's rising price and the lagging price of "miners" is closing. The past two days, miners have run with gold. Can't mention individual stocks but many were around 6% gains today. Here's an article from the Toronto Exchange:
CANADA STOCKS-TSX rallies 1.3 percent as gold-miners drive gains
Wed Aug 10, 2011 3:15pm EDT
* TSX up 161.68 pts, or 1.34 pct, at 12,270.94
* Seven of 10 sectors stronger
* Gold miners drive gains
* Energy issues bounce with the price of oil
* Financials sink on euro zone fears
(Recasts, updates prices, adds analyst comment)
By Trish Nixon
TORONTO, Aug 10 (Reuters) - Toronto's main stock index
climbed more than one percent on Wednesday, clawing back from
early losses, as gold-mining shares rallied with the price of
bullion, outweighing a sinking financial sector.
The TSX rose even as global stocks slumped on speculation
about the strength of French banks holding troubled peripheral
euro zone debt that tapped into investors' worst fears about
possible contagion from the euro zone debt crisis. [MKTS/GLOB]
The price of gold rose to a record high, extending its
biggest rally since 2008, as anxious investors picked up the
safe-haven asset, which helped buoy Toronto's resource-heavy
index. [GOL/]
"We've managed to outperform the rest of the planet ...
mostly on the precious metals sector," said Francis Campeau,
broker at MF Global Canada in Montreal.
"Money is moving out of the banks and into gold stocks or
miners."
Here's another article posted last night that analyzes the lagging miners price when compared to raw gold:
http://www.wyattresearch.com/article/gold-companies-lagging-gold-big-time/23523
IMO it would be wise for several shareholders to suggest this via email to Mitch and the boys.
The guidance they have provided from "Corporate Updates" such as the June 17th update have been very helpful as we are able to track their progress and see their goals and the actual accomplishments happen. It strengthens our relationship as shareholders and creates more long term investors.
That's all you've got, LOL. What about the rest of the post. You pick one small sentence and go for paragraphs but avoid the embarrassing incorrect material you placed in post #59313.
Why is the performance of the entire gold sector lagging behind the surging price of gold. You claimed it was "Because professionals trade the company strenghts & weaknesses, not the commodity underlying the company. If they like the commodity they will trade it. Fact: a weak company is a weak company, event if they are in a good sector. Why would you expect companies with poor financial performance to track the industry they are in."
Again, the entire sector is under performing and your answer is "professionals trade the company strenghts & weaknesses". So, according to you, the top five gold producers, the ones that will earn billions this quarter are "weak" and un-tradable? Why is it the entire sector isn't going up on the same trajectory with gold. You don't know, you just typed up some incorrect blather.
I don't care if PCFG is popular in six months as long as Management continues performing as they PR. If they do, you'll be wrong again and many here will be worth multiples more.
Your claim you won't invest in an OTC is countermanded by the time you spend here. Short away.
So, you're implying that the entire gold producing sector, Barrick and Newmont included are weak companies so traders aren't buying them. Pray tell, could you provide the weaknesses of these two companies that are keeping the traders away?
Thanks for the laugh, you're really reaching here.
Typically, the leverage of the PE ratio pushes solid sector companies prices up at a higher percentage than merely holding the commodity. At even five times Price to Earnings you get a bigger bump than merely holding the commodity.
For a guy that claims he has no interest in "Penny Stocks" You sure spend a lot of time with passive aggressive stabs at a firm you know nothing about.
Here's an article that contradicts pretty much everything you state in your post. It is laced with facts, comparisons, research, percentages, dates and reality. You really ought to read it:
The Daily Profit Blog
Stock market news and commentary from Wyatt Investment Research
Gold Companies Lagging Gold - Big Time
Kevin McElroy | Resource Prospector | July 13, 2011 11:45am EDT
If you've been following the gold markets, you know that something strange has happened over the past year or so.
In short, gold prices rose from about $1,200 an ounce this time last year, to a new record high price of $1,579 as I type.
That's a 31.6% gain.
This large gain is not the strange part of the story. We know that gold is likely to rise in price in world currencies as long as central banks and world governments continue to print money in order to service decades of deficit spending.
And since there's no practical limits on that spending or the fiat currency needed to finance that spending, that means that there's no practical limit on how high gold prices can rise.
Before I get into the strange part of the story - I'd like to briefly explain why gold is such a good measuring stick for currencies.
The amount of above-ground gold stays relatively static. It grows at about the same rate as the world's population. So 100 years ago, there was about the same amount of above ground gold per person as there is today.
Also, unlike silver, copper, and many other precious and base metals, very little gold is consumed by industry. So almost every ounce that's ever been mined is sitting in a vault, in a safety deposit box, in a jewelry box or otherwise in readily available form.
And though investment demand has begun to spike over the last few years, overall demand is still relatively flat. Here's a chart showing world demand for gold over the last few years:
Demand stayed about the same regardless of whether gold was $700 an ounce or $1400 an ounce.
So, with gold demand relatively flat, gold supply relatively unchanged and very little supply destruction - gold is one of the rare assets that accurately counterbalances currency price action.
Every new $1 bill printed means that the world's pile of gold has to necessarily be worth about $1 more.
You don't have to take my word for it. We've seen the money supply vastly outpace the supply and production of gold. That's why gold's price is rising.
So here's the strange part: while gold jumped 31.6% in the last year, gold stocks have lagged, big-time.
Here's a chart of gold's price over the past year plotted against a gold major ETF, the Market Vectors Gold Miners (NYSE: GDX):
Normally, you might expect major gold producers to at least keep pace made in the price of gold. It's not out of the question for gold majors to double or triple gains made in gold.
But right now, gold majors are lagging behind. And for no good reason.
Today, I think you could do much worse than to pick up shares of GDX. As long as this fund lags gold, you should be buying.
There have been very few times when this fund lags gold over the past 12 years, and all of them were great entry points.
Had you bought GDX at the end of 2000, when it was lagging gold you'd be sitting on 725% gains right now - nearly double the gains in gold alone.
Another great time to buy GDX was at the end of 2008, when it fell below gold's performance for several months. GDX is up 240% since then, while gold is only up 110%.
If you buy today, I think you'll come close to 2-3 times outperformance over gold in the next few years. That could mean a total gain of 500% or more, easily.
I hope you'll take notice of this trend, and not wait until GDX and the gold majors to make huge moves.
permalink | tags: commodities, etf, gold, silver, copper, metals, GDX, Market-Vectors-Gold-Miners, NYSE:GDX
http://www.wyattresearch.com/article/gold-companies-lagging-gold-big-time/23523
IMO, no should make your investment decisions for you. You need to satisfy a lot of questions before jumping into anything.
Is the gold sector a solid sector? If you like the sector What does the future hold for gold based companies?
How does PCFG stack up to other firms in potential earnings growth PEG?
Why not read all the PR's the company has issued in the past year. Buffet and others base much of their buying on Management of a company. See what PCFG's leaders have accomplished relative their public announcements.
Investing is a cutthroat business, one that should not be an impulse move on your part.
IMO SRSR was heavily shorted at the beginning of the day as shorts banked on a downturn from the recent run and the weekends U.S. credit downgrade news. They simply closed their shorts at the close to avoid a potential rebound in the next day or so.
Here's a must read article from Jim Sinclair about gold valuation. Some consider Mr. Sinclair "Mr. Gold" as he has made a career out of investing specifically in the bright metal:
No Top in the Gold Price, Next Target is $1764
August 6, 2011, at 8:19 am
by Jim Sinclair in the category General Editorial | Print This Post | Email This Post
My Dear Extended Family:
It was Friday evening in London when I wrote this piece after excusing myself from the GATA conference festivities to report back to you.
I will be back at my post in the AM on Saturday ready for the battle ahead, assuring you in the process that victory is ours.
Allow me simply to summarize what exists in the gold market at the present time.
1. There are no signs whatsoever of a top in the gold price.
2. When $1,650 was selected mathematically based on probabilities it was simply the first level off the bottom that might have offered a top. It has not.
3. The key number in the gold market is $1,764.
4. As gold approaches that number you can anticipate furious but very short price reactions.
5. Thursday and early today you may have witnessed the last great attempt of the Short Cabal to discredit gold shares.
6. Various member of the voluntary Short of Gold Shares Cabal are quietly looking towards the exit.
7. There are quite a few hedge funds now seeking quality gold share positions where the leverage might exceed the percentage leverage left in gold itself.
8. Dean Harry Schultz said that I should call him when gold trades at $2,400.
9. Stay near your phone my dear friend of more than 45 years, Dean Harry.
10. Alf Fields, a man a great integrity, went silent two years ago because he did not want to publish short term interim highs that might have lost gold positions for the less than fleet of foot. Before Alf went quiet he spoke of $3,000 plus. I believe Alf to be the man to watch, if he will speak.
11. The compromise crafted by the US Senate and House by which the debt ceiling was raised is the event that has broken confidence in US financial management internationally. History books will point that out as the low point of judgment in this entire drama.
12. As long as the good Lord permits me, I will be by your side. My job is not to pontificate but to identify resources for you. Every trade has two events. One is in and the other may be diversification. I dedicate myself to seeing that clearly for you. A virtual reserve currency is coming. You will not be able to own or trade that virtual reserve currency as you have been able with the dollar. Gold will be attached to that virtual reserve currency via a broad measure of world liquidity. It will be something akin to a planetary measure of liquidity as M3 was in the past for the dollar. That linkage, which is not convertibility, will translate into price, but no central bank of any nation will need to add to or delete from their then reserves.
The Goldmans of the world will invent OTC derivatives and maybe even a listed second derivative to speculate on word liquidity via the gold price. There will be no 1980 type collapse in the gold price. Over valuation which occurs in all bull markets might be by 20%. This will result in producing gold mining shares becoming the utilities of 2016 onward.
Respectfully,
Jim
http://www.jsmineset.com/2011/08/06/no-top-in-the-gold-price-next-target-is-1764/
You must have the wrong stock and the wrong board. PCFG is not a Picksheet listed security, it was re-listed on the OTCBB several weeks ago after completing all their previously delinquent financials.
When you're not too busy dropping by various boards doing what.... well doing you do, you may want to take a quick peek at the price of gold. Have someone do a chart for you. You may also want to read what the "experts" are saying about gold price futures. The price of gold and this GOLD PRODUCING company are holding hands with their value going vertical.
Just a wee bit of reading will help.