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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.
I hope there was more action and enjoyment on your vacation than we had on this bored. Yea, I spelled board wrong, but you and I are the only ones who'll know. If you have secrets to spill, this is the place.
Good luck to you too!
Irrespective of what is the cause or who is at fault, AU, silver and other rare minerals are the golden investment at this time. Here's to PCFG providing a wealth haven for those laden with her shares.
One reason gold is flying today is because of South Korea's purchase of 25 tons of gold. Yes, tons or tonnes or however you want to spell it. They spent $1 billion dollars on the exchange, their first purchase since 1997-8. All this was done to mitigate investment risk. Here's the story:
South Korea Buys 25 Tons of Gold
Saudi remains Middle East’s gold hub
India gold prices rise near Rs 23,700
'Fear Trade' and 'Love Trade' may push gold to $3000 or beyond
SEOUL (Commodity Online) : World’s 56th largest holder of Gold bullion, South Korea added to its treasure another 25 tonnes of gold bringing its total gold reserves to 39.4 tonnes as of the end of July.
According to country’s central bank, the BOK, It was the first time the bank has bought gold since it purchased the precious metal from Koreans during the 1997-1998 East Asian financial crisis.
Asia’s fourth largest economy, South Korea’s foreign reserves reached $311.03 billion as of the end of July, up $6.55 billion from June.
Foreign reserves consist of securities and deposits dominated in overseas currencies, along with International Monetary Fund (IMF) reserve positions, special drawing rights and gold bullion.
In addition, Korea's holding of gold bullion surged to $1.32 billion in July, compared with $80 million the previous month, the BOK said.
The move came as South Korea purchased Gold bullion as part of its efforts to minimize investment risk by diversifying its portfolio.
As of the end of June, Korea was the world's seventh-largest holder of foreign exchange reserves after China, Japan, Russia, Taiwan, Brazil and India.
Foreign reserves have been on the rise as dollar inflows have increased amid robust exports and foreign investors' sustained buying of Korean assets.
The reserves exceeded the $300 billion level for the first time in April after they rose above the $200 billion mark in February 2005.
The world's central banks have rushed to buy gold, since they believe the metal will replace the greenback when the dollar's status as the world's leading currency weakens.
http://www.commodityonline.com/news/South-Korea-buys-25-tons-of-gold-41262-3-1.html
Foxwood has corrected myself and others for using the wrong grams per ounce, so it's your turn. Gold is measured in Troy ounces and there are 31.1034807 grams in a Troy ounce. Not the 28.+ as you list.
Why deal with facts when you can always speculate. That is a super investment method.
Pick up your gold watch at the reception desk. Now move along, there's nothing to see here for you.
Is it common for penny gold stock firms to buy gold bearing properties when the price of gold is 25% of what it is today? No, but these guys did.
Is it common for penny companies to have a mine up and operating within 8 years? No, but these guys did.
Is it common for gold penny stock management teams to give clarity every six months and provide goals for accomplishments? No but these guys did.
Is it common for penny gold stock's to actually produce gold? No, but these guys ARE.
Is it common for penny gold stock Directors to be virtually debt free? No, but this firm is.
I can keep going if you want to continue your spurious accusations, is that what you want?
With the lack of activity on this board, I suppose I'm talking to myself with this post. Stimulating.
Airdale1: One would have to assume with the "chief marketer" and former Big Box marketer of VUOC being moved into the Presidential spot, that he has had some success and is being rewarded with additional input and compensation for this success. It seems like he may have created a marketing channel for the company.
Airdale1: Thanks for that comment Air, if what you say is true, when do you expect VUOC to announce something regarding sales.
Airdale1: Good question Airdale. VUOC certainly seems to be shifting gears and changing priorities from the box light to a standard bulb. You have to wonder if that is due to demand from the Big Box stores. Anyway, they have submitted the new bulbs to UL and they expect to begin marketing them in August. Based on that, I would expect to seem some announcement by late August.
Airdale1: Thanks Air, sounds good. This has quite a wait the past few months, eh?
Airdale1: It sure has. Best of luck to you.
Bill Hamlin, formerly of Home Depot and currently the owner of ISS, Integrated Sales Solutions is appointed intern Big Kahuna at VUOC.
Vu1 Corporation Names Bill Hamlin Interim President & Chief Operating Officer
Retail industry veteran will develop and manage sales, marketing and distribution organization
Press Release Source: Vu1 Corporation On Thursday July 28, 2011, 7:00 am EDT
NEW YORK, July 28, 2011 /PRNewswire/ -- Vu1 Corporation (OTCBB:VUOC.ob - News), a developer and manufacturer of mercury-free, energy-efficient, general illumination lighting technology, today announced that Bill Hamlin, who became a Director of Vu1 in 2010, has been named interim President and Chief Operating Officer, effective immediately and for a minimum of twelve months.
Mr. Hamlin, who is a former The Home Depot Group President, will leverage his 'Big Box' retail channel experience and work closely with Dr. Scott C. Blackstone, Vu1's Chief Executive Officer, to develop and manage the Company's sales and marketing infrastructure. Mr. Hamlin assumes this executive management role as the Company continues to build inventory to meet potential channel partners' launch needs for its Electron Stimulated Luminescence™ (ESL), light bulbs. Vu1's ESL lighting technology uses accelerated electrons to stimulate phosphor to create light, making the surface of the mercury-free bulb glow, providing natural light quality, energy efficiency, and a long bulb life of 11,000 hours.
"Vu1 is excited to have Bill Hamlin take on an active day-to-day operational role," commented William B. Smith, Vu1's Chairman. "With Scott fully focused on driving operational excellence in Vu1's development and manufacturing, Bill will ensure Vu1 has the appropriate sales, marketing and distribution resources to facilitate continuing development of Vu1's channel partner network and timely delivery of our ESL bulbs to meet channel partners' expected launch needs."
"When I joined Vu1's Board in 2010 I indicated that the potential for Vu1's ESL lighting technology surpassed anything I'd seen before; my experience at Vu1 and the industry feedback we've received to date has confirmed that initial belief. Vu1's ESL technology addresses an immediate and rapidly-growing consumer need and desire for an affordable, clean, energy efficient light bulb that produces superior light quality," commented Bill Hamlin, interim President and Chief Operating Officer. "My priority for the foreseeable future is to help Scott prepare for and to facilitate the company's future growth as consumer demand builds for Vu1's ESL lighting technology."
Mr. Hamlin is a former Executive VP of Merchandising & Marketing and Group President of The Home Depot, Inc. During his tenure at The Home Depot, his influence in Strategic Planning, Marketing & Advertising, Distribution, Logistics and Worldwide Sourcing is acknowledged to have helped shape The Home Depot into the retail giant it is today. Mr. Hamlin founded The PGA Tour Superstore, which comprises ten 'Big Box' concept stores of more than 60,000 square feet of golfing merchandise and an annual sales volume of over $100 Million. Mr. Hamlin is also the President of the Board of Trustees for the Leukemia & Lymphoma Society, Georgia Chapter.
I placed buy order for 60K at the Ask of .058. It showed 152K available but they weren't very ready. It took well over a minute to fill. They're scrambling for shares and one has to think they're covering their own shorts, IMO. The Ask popped up immediately after the order filled.
Very salient point. I agree.
The big news hasn't hit yet, there's more, better PR's to be released. You obviously don't know anything about PCFG.
We could retrace a bit from here in the next few days but if we do, IMO it's a mistake. Based on 100-400 dollars an ounce value for a producing gold company, we're worth a minimum of .12. We're almost half that so we are drastically undervalued.
Gold prices are projected to continue rising so our value should continue to go up faster than the price of gold.
It is normal to sell on news, but, the news isn't finished here. I guess it gives a new group of investors the opportunity to make some nice gains.
Good luck to you.
You're right, its off, my apologies.
6000 ounces divided by 52 equals 115 ounces per week.
115 X 2 = 330 ounces, two weeks worth,
times around $1500 per ounce=
$350,000 of revenue.
One month ago, if someone asked me if I'd be happy with a .068 close two days running, I'd have said he&& yes. Well, I was wrong, this was unsatisfying. I'm amazed at the "immediate gratification" portion of society.
On the good side?
We cleaned 20.4 million shares of deadwood out of the forest. We got rid of a ton of flippers.
Once the "chart" changes, some will be back.
In the two weeks of processing gold, we have probably banked close to $500,000.00. That is prorated on the 6000 ounce projection.
They've probably done some testing of the B&B field.
Gold holding steady at over 1600 per ounce.
We have the NDEC looking at allowing more geo-tubes and greater production.
Mitch and the boys have done EVERYTHING they promised. They're a damn good Management team. A good management team is what drives a stock price upward.
Very happy to own this "value" stock. And yes, we are way undervalued.
The 15th is a huge day that will have a major impact. However, it won't be as big as an announcement as one that states "10 geo-tubes have been approved by the NDEC", IMO. If they are allowed to process four/five times the current quantity it will far exceed short term estimates. The ability to ramp up production will be where the huge PE is warranted.
We have several huge "forward looking" events aside from the production totals.
They are currently testing the 2000 acre BB property vs the Bharti claims: The Bharti report outlines the total Crescent Valley resource as being almost 2 million cubic yards of proven gold bearing gravels, 12.6 million cubic yards of probable gold bearing gravels, and 30 million cubic yards of potential gold bearing gravels.
They've applied to the NDEC for an increase in geo-tubes and therefore production totals. This could be one of the highest impact PR's to date.
These "fatigued candle" formations are the bomb! Congrats to all who held through all the distractions of the past few days.
Four day old article which shows the dramatic out performing of gold prices by gold miners prices. The performance comparison is in bold:
Gold Miners Stock Outshines Gold
9 comments | July 22, 2011 | includes: ANV, EGO, GLD, GOLD, IAU, RGLD, SLW
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Gold is all the rage in the media these days. Increasing in value by almost 500% over the last 10 years. The S&P 500 return compared to gold's record is quite meager, returning only 12.83% over the same time period. The gold run is very impressive by anybody's standards.
This meteoric rise in gold's price can be attributed to many factors. Central banks have been purchasing gold for their country's reserves, China is demanding more gold for jewelry and their growing industrial sector, and the fear factor across the globe has investors on edge. Terrorist attacks/scares, wars, sovereign defaults, market crashes, soaring food prices, and last but not least, failed debt ceiling negotiations by the U.S. Congress -- it's amazing that gold has not hit the $2,000 mark!
Historically, gold has been viewed as the ultimate currency; the greatest store of value or means of exchange despite its heavy weight or its inability to pay investors while they hold it (dividends).
The World Gold Council Gold Demand Trends Q1 2011 publication stated “The prospects for Gold Demand in China, the second largest gold consuming market in the world, are compelling both in the short and long term; We believe it could double within the next 10 years”
People love it! Anytime there is a major catastrophe, investors begin to pile in, and since there is a limited supply, price ultimately rises.
Gold has clearly been an impressive investment, but, is buying gold the best way to profit from gold's price appreciation? There are several ways to invest in gold. Jewelry, coins, futures contracts, and ETFs like IAU and GLD give an investor direct access to this precious metal. There are also companies that explore and mine for gold, often referred to as gold miner stocks that can be used to leverage the price of gold. ETFs have leveled the playing field for the average individual investor but have been blamed for this decade long rise in gold prices since they give easy access to investors without the worry of storage and insurance costs. However, investing in gold via ETFs can create tax headaches for many investors due to the IRS treatment of commodities.
There are other ways to benefit from the movement of gold prices instead of buying the physical bars or 24k gold chains. What can be better than gold to capture gold movements? Good old fashion stocks! Gold miners stocks to be precise. After reviewing gold price movements on Bloomberg and HiddenLevers.com, I discovered that many stocks that are highly correlated to gold prices actually have outperformed this shiny metal.
After I reviewed this data I saw that the five highest correlated stock to gold price movements also have outperformed gold over various time frames.
Performance
Security 1 Year Return 5 Yr Return 10 Yr Return
GOLD SPOT $/OZ 34.27% 156.78% 491.91%
RANDGOLD RESOURCES LTD-ADR(GOLD)-0.09% 348.58% 4716.00%
ELDORADO GOLD CORP (EGO) 15.39% 322.72% 1087.50%
ROYAL GOLD INC (RGLD) 50.38% 140.19% 1309.78%
SILVER WHEATON CORP (SLW) 111.68% 359.35% 1060.91%
ALLIED NEVADA GOLD CORP (ANV) 140.18% 629.27% N/A
S&P 500 INDEX 25.64% 8.35% 12.83
*Data Provided by Bloomberg LP
The Catalyst
Matt Day's article “Headway on Talks Drives Gold Lower” in today's Wall Street Journal reported “President Obama and congressional leaders were close to a deal to lift the U.S. debt ceiling. While the White House later said such an agreement wasn't completed yet, traders viewed the day's developments as reducing the chances of a U.S. default. The Treasury Department has said it won't be able to meet all of its obligations if the borrowing limit isn't increased by Aug. 2.”
Sounds like more confusion to me. With the 2012 presidential elections moving closer, the Republicans are motivated to fight harder for a political victory so they can make a great case for overthrowing the current Democrat president.The threat of impeding downgrades of U.S. debt by the major credit rating agency have not motiavitated the U.S. Congress to act. If the president and both chambers of Congress can not agree on a debt ceiling deal before the August 2nd deadline, it could spell trouble for both equity and bond markets. It is highly likely that gold could continue to rise above the $1,600 level, thus creating a good short term opportunity for the gold miners stocks listed above that have low correlations to the overall equities markets.
http://seekingalpha.com/article/281227-gold-miners-stock-outshines-gold
Based on this quote from July 8th PR, and Dunphy & others visual of processing happening: “NRG plans to complete final site preparation, including the Hy-G bowl installation, within the next few days and then begin processing gravels for gold recovery.”
and, since they know fairly well what grams of gold per ton NRG existing fields hold, I think PCFG is currently processing from the B&B 2000 adjacent acres described in the June 14th PR:
“NRG plans to perform a new evaluation on the B&B claims including new maps, a seismic survey to measure the full volume of the gravels, as well as bulk trench sampling in order to confirm the gold grades of the claims as reported in the Bharti and Robertson reports.
The new lease agreement is subject to a diligence review that NRG is now undertaking. Once the lessor's claim ownership has been established to NRG's satisfaction, NRG will close the lease transaction.”
Management has done everything they stated in the from the May 24th update PR, so this simply makes sense IMO. Looking forward to updates on both items.
5/24/2011
Pacific Gold Corp. - Pilot Mountain Resources Update
TORONTO, May 24, 2011 - Pacific Gold Corp. (Pink Sheets: PCFG)
The Company has been preparing the Black Rock Canyon Mine for production. During the first and second quarters of 2011 work has included: road preparation, plumbing for the geotextile tubes, electrical work, additional fencing and enhanced security measures. The Company is also making repairs that are necessary prior to production to one of its water wells.
The NDEP has informed Nevada Rae Gold that it requires the Company to make some adjustments to the Black Rock Canyon Mine settling pond system, and that NDEP staff will need to approve these adjustments prior to the mine commencing operations. The Company will complete the adjustments in June.
Subject to NDEP approval and the water well repairs the mine is ready to commence operations.
Nevada Rae Gold has retained an environmental engineering consultant with a monthly contract that instructs the consultant to perform all of the work as necessary in order to maintain all of the state and federal permits required at the Black Rock Canyon Mine. The new consultant will help to ensure that all permits, regulations and reports are regularly and properly submitted as required to the various county, state and federal regulatory agencies during operation of the mine.
Based on the high price bids received for contract hauling of gravels at the mine, the Company has decided it would be best for the first few months of production to rent machinery and haul the gravels without outsourcing. Renting equipment will keep the capital costs lower and provide the mine with flexibility as production increases.
Pacific Gold Corp., currently has 745,732,651 shares outstanding.
Looking at 2011 Gold price projections from 2010. IMO this is an interesting read. Price Waterhouse really missed to this point with their $1500 an oz. Goldman Sachs looks most accurate so far with a $1690 price by the end of the year. Saxo Bank hints at $2000 with the right atmosphere. It all points to more bank for PCFG.
http://www.commodityonline.com/news/Gold-price-predictions-for-2011-34867-3-1.html
Last Updated : 22 December 2010 at 16:10 ISTPrint
Gold price predictions for 2011
Myanmar to export more rice this fiscal
Markets unsaturated despite surge in EU-27 tall oil demand’
BYD signs world’s largest public electric-vehicle fleet lease
NEW YORK (Commodity Online): It is the season for greetings and predictions. The one commodity that is attracting an overwhelming number of predictions is Gold these days. As the year gets to a close, dozens of gold price forecasts for the year 2011 have come in.
Gold at $1500, $1700, $1800, $2000 an ounce: which among these prices will you believe in? It is hard to put your confidence and money into commodities—especially into gold—when forecasts on gold price vary in widening values.
But that said, one thing is certain: gold price is certainly going to skyrocket in the coming months of 2011.
So, it is now time to take stock of all the gold price predictions that investors, readers, bullion dealers and governments have been subjected to in the last few weeks.
Here are some prominent gold price predictions for 2011:
Bullion Research Desk of Commodity Online: "Gold price to hover around $1500-$1600 range in 2011. Gold price will go up in 2011, driven by the fluctuations in US dollar and other currencies, dwindling productions, increasing mining problems and rising demand for jewellery and investment for the yellow metal. Gold price is definitely going to cross the $1500 mark per ounce in 2011 and it will remain in the range of $1500-$1600.”
Global commodities guru Jim Rogers: “Gold price would eventually rise above $2,000 an ounce. Gold will be $2,000 certainly in the decade, it'll probably be much higher than $2,000 in the decade but maybe even sooner I don't know. But to me it seems pretty clear that it'll go to at least $2,000. If you adjust the old high back in 1980 for inflation, gold should be over $2,000 now.”
Saxo Bank: “Gold price will be at $1800 per ounce in 2011 if the US Dollar strengthens, sparking fresh currency wars across the Pacific. Pressure piles on China and as investors flee to metals in search of some stability, gold shoots up to $1800 an ounce.”
Henderson: "Gold price will rise to $1600 in 2011."
PricewaterhouseCoopers: A new survey of 44 investors and gold mining executives conducted by PricewaterhouseCoopers's Canadian Mining Group forecasts a peak of $1500 per ounce for 2011.
BNP Paribas: Has forecast an average of $1,500 in 2011.
Goldman Sachs: It has set a 12-month target of $1690 per ounce.
Capital Economist: “As inflation fears mount, the price of the precious metal will be pushed to £1,600 in 2011 and reach $2,000 by the end of 2012, it has been forecast, as investors clamour to buy safe haven assets.”
ABN AMRO/ VM Group: It has raised its previous average 2011 gold forecast by $35 to $1,459, up from $1,424 in November.
Several very credible posters have commented recently on the float being “locked”, in essence, virtually all outstanding shares being held by longer term traders. Obviously, this creates a scarcity of available shares.
If the float is truly “locked”, one proof of this phenomenon would be greater price volatility on smaller daily trading volume. It would be similar to the effect small trades have on a small float, exaggerated price movement.
Last October thru December, after the geo-tubes PR's, huge daily trading volumes of 20, 30, 40 and 50 million shares were common as shares were bought and sold liberally. The price however basically ranged from .02 to .07 and the .07 visit was extremely brief. Since December, we have had one day in early February with over 20 million shares traded. Currently, a ten million share day is huge as trading volume has slowed dramatically. Notice that price movements have been steady and more measured, but with as wide a price range. We are getting more price movement with less share volume. IMO, the float is locked.
Here is a link to one year chart that demonstrates the price movements with comparative volumes.
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=pcfg&insttype=&freq=1&show=&time=9
If a large percentage of shareholders continue to hold long term, keeping available shares tight and PCFG continues to perform as stated in press releases, this is going very very vertical.
Pacific Gold Corp.-Stock Quotation Upgrade
Companies:PACIFIC GOLD CORP
Related Quotes
Symbol Price Change
PCFG.PK 0.06 +0.01
Press Release Source: Pacific Gold Corp. On Wednesday July 20, 2011, 9:03 am EDT
TORONTO, ONTARIO--(Marketwire - 07/20/11) - Pacific Gold Corp. (OTCQB:PCFG)
Pacific Gold announced today that the Company's stock has been upgraded to now be quoted on the OTCQB market tier of the OTC marketplace.
The OTCQB is the OTC market tier for companies that report to the SEC or a U.S. banking system or insurance regulator. Investors can find Real-Time quotes and information for the Company at http://www.otcmarkets.com/stock/pcfg/quote.
The Company has worked hard to ensure all financial requirements are now up to date. Moving up to the OTCQB will allow the company to reach a larger potential number of investors and bring greater awareness to the Company. The transparency of the OTCQB, and its tier requirements, is of benefit to all current and potential shareholders.
The OTCQB is the chosen market tier of many broker-dealers compared to the OTCBB which is currently undergoing changes. It is the broker-dealers (market makers) who chose whether to quote a Company's shares on OTC Markets Group's OTC Link platform (for OTC Pink, OTCQB and OTCQX securities) or the OTCBB; it is not the Company's choice. Please read below in the "About OTCQB" section of this release for a better understanding of the current quotation markets.
In the future, as the Company develops, PCFG will investigate other potential market tiers that may be a benefit to the Company.
About OTCQB:
OTCQB was created in 2010, by OTC Markets Group, in response to the increasing number of U.S. reporting companies quoted solely on our OTC Link Platform. OTCQB was created to help investors identify OTC-traded companies that report to the SEC.
Ten years ago, OTC Markets Group saw a need to bring electronic trading to what was then a telephone-only OTC marketplace on the OTC Bulletin Board. Broker-dealers responded favorably to this new electronic platform (OTC Link) and superior customer service and overwhelmingly use the OTC Link platform to trade OTC securities. Today, over 95% of broker-dealer OTC priced quotes are on the OTC Link platform compared to less than 5% on FINRA's OTC Bulletin Board (OTCBB). As a result, most OTC companies are no longer quoted on the OTCBB.
OTCQB is fully accessible to investors and offers broker-dealers an electronic trading environment. Investors can trade OTCQB securities through their preferred broker-dealers and get real-time quotes through online broker-dealers such as ETrade, Fidelity, Scottrade, Schwab, and TD Ameritrade.
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 2011 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements.
Contact:
Contacts:
Pacific Gold Corp.
416-214-1483
www.pacificgoldcorp.com
http://finance.yahoo.com/news/Pacific-Gold-CorpStock-iw-253872900.html?x=0&.v=1
No problem. Continued luck to you and all longs with PCFG.
IMO the PE should be north of 30 as PCFG will be a rapid growth company.
This is based on PCFG Managements fourfold projections for continued increase in production, (verified by the Redstone relationship & the application for far more geo-tubes) thank you Foxwoodfan.
The continued rise in gold prices, most analysts don't see this ending with the world's economy in an increasingly severe crisis.
The omnipresent potential for a buyout by one of the biggies. Gold production is declining as the demand is increasing. The buying of juniors for their reserves will continue. http://goldnews.bullionvault.com/gold_mine_production_072020092
Great sector, great region and should be a great company.
You should publish that book: "Gold Mining for Dummies" by renowned author, Sir Harley Chopp
Barrick Gold announced a 57% increase in net income in February. Apparently they've been using sleds and have keenly watched and learned from the plains Indians on how to utilize travois to haul ore. Now that is ingenuity.
http://www.mining.com/2011/02/17/net-income-rises-57-for-barrick-gold/
They must have found a way to mine without tires. Apparently there isn't a tire to be found in the western hemisphere, not a single tire, but, but for some the production of gold is up 17%. They must be using those Skyhoppers from Star Wars. Ingenious!!!
LMAO, here's some reality from two months ago: http://www.mining.com/2011/05/18/profit-doubles-and-gold-production-increases-by-17-during-caledonia-minings-q1/
Agreed, post factual information such as this:
carhauler
Share
Monday, May 09, 2011 3:28:12 PM
Re: None Post # of 50939
i think pcfg's death is speeding up now.
they can't hang on much longer.
On June 3rd, the price was 2.5 cents. Since then, PCFG's CPA has completed and updated shareholders on six 10Q's and 2 10K's. They've received approval from the NDEP for production and the price sits at 4.4 cents. They did prep work to prepare the pond and piping for production. They are doing exactly what they said they'd do and the price has risen 76% in just over a month.
Pretty good for what some here claim is "lousy management", lol.
Go take the "Hog" out for a spin, you're covered.
Float down the Green River, Desolation Greys Canyon section. Nice to be back.
I see you've kept the price moving up and have handled the doubters!
They apply to FINRA. Here's a link to a copy of the re-listing form:
http://www.otcbb.com/aboutotcbb/forms/form211region.pdf
On May 12th, PCFG filed a "quiet title" on Pilot Mountain, in essence a lawsuit to confirm their legal ownership of said property.
In reading through the Court transcripts, Predator Silver recently filed a counterclaim. My take, is the counterclaim has been dismissed as of 06/30/11 by the Court and they will now allow PCFG's original claim to run its course through the system to determine the rightful owner.
I think today's action was positive for PCFG.
I'm no Attorney, but I just looked this up in Wikipedia. It seems to be a pretty thorough explanation of the Entry of Default.
Entry of default
Typically, the plaintiff (or cross-complainant, cross-plaintiff, counter-claimant, counter-plaintiff, third-party plaintiff, etc.)[1] must show that service of process was effected on the defendant (cross-defendant, counter-defendant, cross-defendant, third-party defendant, etc.). This is typically achieved by the filing of an affidavit of service[2] (also known as a proof of service),[3] which gives enough information to allow the court to confirm that valid service has been accomplished.[4] Typically the affidavit states, under oath or penalty of perjury, that service was effected on a named defendant, briefly describes how it was effected, names the person who made service, and gives the place and date service was effected.[5] Once the requisite time to respond to the complaint has passed, the defendant is "in default"; this may be automatic,[6] or it may require the court clerk to enter the default (which may, in turn, require that the plaintiff request entry of the default).[7] Some defaults do not take effect until a set period of time after the clerk acts.[8] The clerk may have to give the defendant notice of his default, affording a chance to have the default vacated.[9]
The entry of a default typically prevents the defaulted defendant from litigating his case or presenting evidence, and may excuse the other parties from giving him notice of further proceedings.[10]
http://en.wikipedia.org/wiki/Default_judgment
It means the defendant didn't show up for the judgement and the motion was dismissed.
For those interested in viewing the complexity, or lack thereof, of SEC Form 211 to circumnavigate re-listing:
http://www.otcbb.com/aboutotcbb/forms/form211.pdf
Thanks for thinking ahead of the play!