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Putting together the last 6 months highlights: (All can be found in PR’s)
Mine up and running. 7/2011
Found problem with tubes not draining fast enough to keep up with production. Additional tubes needed. 9/2011
Mime shut down because of liners for 6 weeks. 10/2011
Received approval for additional tubes and installed. 11/2011
Needed to remove more material before discharge water get to tube so sand screw is put in place. 12/2011
I am not looking for great numbers yet, but first quarter (weather permitting) we should be in full production with good recovery.
Also I think anything under .02 is a bargain right now. I have been loading at this level and just reached a cool MILLION. GO PCFG
IMO. Debate away : )
DF
That one less mine worker was probably the guy in the accident.
Looks good to me. Now an update would top this off.
DF
At least use the most recent filling not one that is over a year and 1/2 old.
http://www.sec.gov/Archives/edgar/data/1256540/000101968711003679/ecdc_10q-093011.htm" rel="nofollow" target="_blank" >http://www.sec.gov/Archives/edgar/data/1256540/000101968711003679/ecdc_10q-093011.htm
Oh this one shown that some debt was paid. Sorry. Use that one to support your argument.
DF
I’m sitting at 38 and only had 4K filled. Where are the rest of those 2.4 mil?
I have been away for a while. Needed a break.
Airdale1 thanks for posting your findings and taking a trip out there. That pile is much larger than the Sept 17 stockpile.
Also I noticed in your recently posted video that it appears there are 3 additional Geotubes connected on the East side of the plant. Also the discharge pipe is prepared to continue the length of that area for additional Geotubes. That to me is a very good sign!
DF
DD from your lead. Check out this PR from them in 1996.
Looks like the possible old air strip is right across the street from the mill. I measured it on Google Earth and it is about 3700 feet. Interesting.
I looked for that clue all over the valley and found nothing else.
Also look at the price of gold then. Ha
That is funny!
Just checked the MSHA site.
Inspection on 11/16/11 with 4 new violations.
Also 3rd Quarter operations hours are posted.
2279 Mill hours
3168 Office Hours
As compared too:
2nd Quarter hours were
1720 Mill
689 Office
At least something is going on.
Does anyone know how long it takes for sites and brokerages to be updated to show PCFG as not being a PINKSHEET stock but an OCTQB? It has been a while since they became current and uplisted.
I know. I am traveling this weekend I did it on my phone. Just needed to get it off my chest.
Could be a template for anyone else that would like to email them and put better grammar and sentence structure.
This is the email I just sent. I felt I needed to send something. I am feeling very disappointed right now.
Gentleman,
I feel compelled to share my opinion over the recent two quarters.
My intentions are not to complain, but share a business prospective. PCFG is a startup mining company with a unique twist to going about gold extraction. This is what the market sees. As as startup there is capital needed to get the operation running and stable. This is where the share holder/ investor comes in. Without the share holder beliefs in the company seceding there will be no capital to continue. As confidence builds so does the ease of acquiring capital.
Confidence is maintained and built by true communication. This latest release was a perfect example of lack of communication between company and invester. This lack of communication has in my opinion tarnished the markets confidence in the companies ability to susceed.
Over the course of the past quarter if information was relaid to the public as it transpired there would have been ongoing confidence. Something as far as X problem happened and was fixed in this way.
Having all updates at once lead to the focus on negativity hence killing confidence as the perception leading up to the release was that all is operation fine.
I would ask you to please consider some form of alternative update for example web site weekly news, blogs, or news letter sent out via email.
Also driving by the plant I have seen the video security cameras. Sharing recorded video or even hosting a live webcam of actual production would build confidence and help secure the ability to acquire the needed startup capital.
In closing your company has strong potential, but to succeed their needs to be strong management that is transparent good or bad. Please strive to be that type of management.
Thank you for your time,
I know. Actually this same statement is in all of their 10Q's. Also almost every OTC 10Q has this statement or a similar. Just go back to all the filings.
Also I feel very disappointed in how the last 2 quarters have transpired. Extremely good potential but lack of production news and updates will cause this sharp declines every time. If there were at least 2 or 3 updates over the course of the quarter it would have shown problem then problem fixed. Then a problem then problem fixed. Having this all at once only causes the market to focus on the negatives hence the days events. Still long and actually picket up some more today, but was hoping for my account to be doubled or better by now. Looking at the past chart history we will most likely have one more day of bleeding tomorrow then sideways until news. AND more terrible damn 2's. Got that off my chest and feel better. Group therapy is always good.
GLTA
DF
I think there is some random dude out there plotting a bear raid short fest for tomorrow and is trying to get a feel for how strong the buying could be. The bearish clues are right in front of you. PCFG will bite with golden teeth and hurt! Watch it.
DF
UNITED STATES OMB APPROVAL
SECURITIES AND EXCHANGE COMMISSION OMB Number: 3235-0058
Washington, D.C. 20549 Expires: May 31, 2012
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hours per response… 2.50
FORM 12b-25 SEC FILE NUMBER
000-50603
NOTIFICATION OF LATE FILING
(Check One): ? Form 10-K ? Form 20-F ? Form 11-K ? Form 10-Q ? Form 10-D ? Form N-SAR ? Form N-CSR
For Period Ended: September 30, 2011
•
Transition Report on Form 10-K
•
Transition Report on Form 20-F
•
Transition Report on Form 11-K
•
Transition Report on Form 10-Q
•
Transition Report on Form N-SAR
For the Transition Period Ended:___________________________________________________________________
Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.
If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:
PART I – REGISTRANT INFORMATION
PACIFIC GOLD CORP.
Full Name of Registrant
N/A
Former Name if Applicable
848 N. Rainbow Blvd. #2987
Address of Principal Executive Office (Street and Number)
Las Vegas, Nevada 89107
City, State and Zip Code
PART II — RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)
(a) The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense
? (b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
(c) The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
PART III — NARRATIVE
State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.
The compilation, verification and review by management of the information and disclosure required to be presented in the Form 10-Q for the period ended September 30, 2011, requires additional time which renders the timely filing of the Form 10-Q impracticable without undue hardship and expense to the Registrant.
(Attach Extra Sheets if Needed)
PART IV — OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this notification
Robert Landau (416) 214-1483
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed ? If answer is no, identify report(s). ? Yes ? No
(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? ? Yes ? No
If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
PACIFIC GOLD CORP.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
Date: November 14, 2011 By: /s/ Robert Landau
Robert Landau
Title: Chief Executive Officer
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Thanks for the replays. So now we are looking Q3 to be between 430 and 570 Troy oz's. And Q4 to be between 720 and 960 Troy oz's. Looks much better.
6.5K yards of a mix of mudflow and pay gravel yielded the dreaded 30 ounces or about 950g at .2 g/yd3.
.1 g/yd3 mudflow
.3 or .4 g/yd3 PAY GRAVEL
120K yards of pay gravel to be processed in 2011 starting August to December.
Let’s say 45K yards in Q3 and 75K in Q4. ( Ramp up in Q3) at the estimated .3/.4 g/yd3. Stated below.
Q3
45K yards X .3 g/yd3 = 13500g or 434 Troy oz.
45K yards X .4 g/yd3 = 1800g or 579 Troy oz.
Q4
75K yards X .3 g/yd3 = 22500g or 723 Troy oz
75K yards X .4 g/yd3 = 3000g or 964 Troy oz.
I am going to post this section of the AUG press release again and use my simple math to try and figure this out. NOT WORKING AND NEED HELP.
6.5K yards of a mix of mudflow and pay gravel yielded the dreaded 30 ounces or about 950g at .02 g/yd3.
.01 g/yd3 mudflow
.03 or .04 g/yd3 PAY GRAVEL
Something does not add up for me. 6.5K yards of gravel at .02 g/yd3 does not equal 950g it equals 130g.
120K yards of pay gravel to be processed in 2011 starting August to December.
Let’s say 45K yards in Q3 and 75K in Q4. ( Ramp up in Q3) at the estimated .03/04 g/yd3. Stated below.
Q3
45K yards X .03 g/yd3 = 1350g or 43.4 Troy oz.
45K yards X .04 g/yd3 = 1800g or 57.9 Troy oz.
Q4
75K yards X .03 g/yd3 = 2250g or 72.3 Troy oz
75K yards X .04 g/yd3 = 3000g or 96.4 Troy oz.
What am I missing here? I know it is something I am doing wrong.
Production at BRCM since July 13th has totaled approximately 9,600 tons or about 6,500 yards of gravels. The processed gravels comprised the entire remaining stockpile at the BRCM as of June 30th. Included in the stockpile were mostly those gravels which the Company has identified as 'mudflow' as well as a limited amount of gravels that the Company considers normal 'pay' gravels (gravels that the Company has identified as its main resource). From the stockpile gravels the Company produced approximately 30 ounces of gold. The overall gold grade of the stockpile amounted to approximately 0.2 g/yd3. The mudflow which was a large portion of the stockpile had an average gold grade of about 0.1 g/yd3. The grade of gold within the pay gravels of the stockpile were between 0.3 and 0.4 g/yd3. Due to the commingling of the gravels over time (the stockpile was mined in 2007) an exact number for the pay gravels was more difficult to determine. The stockpile was mined mostly from the mudflow section (the mudflow being discovered by the Company through a seismic study on the drainage area) as part of a previous plan by the Company to test the gold grade of the mudflow, as this area was not previously mentioned in the historical reports describing the claims and leases of the Company. As a result of now processing a section of the mudflow and its apparent lower gold grade, the Company has decided to not currently mine any more of the mudflow material but to focus on its' previously identified pay gravels for the remainder of 2011. Depending on the world spot price of gold, the Company may return to new areas of the mudflow in the future. The mudflow is located underneath the pay gravels in the deposit and is relatively easy to bypass when mining.
Plant Operations
The Company is pleased to announce that the plant is now operating more efficiently. So far in 2011 the plant has operated 19 out of 20 possible operating days and averaged about 500 tons or 350 yards per day. The Company has limited the feed rate to the plant in order to make sure that the plant was operating properly during an extended period. In August and September the Company plans to increase the plant throughput gradually on a weekly basis with daily targets of 750 yards by the end of August then up to 1,000 yards by the end of September, eventually to as much as 95% of plant capacity.
PCFG estimates that total Company costs, including production and SG&A, for operating the BRCM should not be more than $270,000 per month from August to December 2011.
August, September and Fourth Quarter Production
BRCM is planning to mine and screen the 120,000 cubic yards as identified above between now and the end of 2011. According to the Company's business plan and past announcements this volume of gravels would normally represent 3 months of full capacity production. The Company is taking a slightly slower approach than originally planned in order to make sure that the plant runs efficiently and the Company plans to increase the production rate each month through the end of 2011. The Company expects a gold grade of 0.4 g/yd3 processed during the third and fourth quarters. The Company will update its guidance for the fourth quarter at the time that it releases its third quarter report in November.
Guys I just did a web searsh and this came up. Any thoughts?
Would be COOL!!!!!!!!!!!!!!!!!!!!!
Pacific Gold Corp. expected to report Q3 2011 results on November 14, 2011. This event was calculated by Capital IQ (Created on August 18, 2011).
08/18/2011
Pacific Gold Corp. expected to report Q3 2011 results on November 14, 2011. This event was calculated by Capital IQ (Created on August 18, 2011).
Again IMO this is very critical for production to be maximized. I am looking forward to this update.
GLTYAW!
They also ordered several new geo tubes to increase the dewatering process. IMO this is the only way they will be able to produce the mills capacity. Now these were ordered months ago, so they should have been delivered and hopefully are being or have been installed. They were already approved to do so.
Thanks. Some like to jump on you for sharing a opinion. Just wanted to make myself clear.
I would like to see this slow and steady climb continue into next year.
It is nice seeing some good gains back in my account! Good day here today.
GLTA
DF
I agree. I feel the addition of the tubes is the only way they will truly get there. I was recently on a job site where Geo tubes were being used to clear an abandoned sediment pond. I was somewhat surprised that once filled it took some time for the water to filter through. There were 3 tubes lined up on a sheet metal trough and were alternated being filled. Not knowing how much water the mill process is using I think they may be reaching a limit with the exist tubes. They may need to let them settle before continuing production.
It has been some time since they PR'd the new tubes were ordered. They should have been delivered and
installation should have begun.
I am not bashing. I just don't want any unrealistic expectation to start and have a massive dump as did happen in August. I am a long and as of today my first lot of purchased share hit the one year mark.
DF
If the new tubes are installed then their process should be more streamlined. This would allow them to keep production through the entire working day without having to stop to let the tubes settle out.
Q4 will be much better.
Q3 500-700 ounces is my target numbers.
Any other thoughts?
DF
OK today is Nov 1st.
Let's get this thing moving. 15 days (maybe less) and counting.
Has there been any word on the new tubes? Delivery install?
Well looks like I got my trump card :>
I feel we will be testing the .005 soon. If that resistance is broken look out. Good times good times!
Let’s focus on the .0033 and .0037. These are our next 2 hurdle. If this is broken 5 is so close. Giddy up!
http://www.barchart.com/cheatsheet.php?sym=EGOC
DF
Hfields thanks for posting your charts. Things are really starting to look up. TA is always something to look at and consider when trading and/or investing.
Any thoughts from anyone out there as to where this may go come November? 2 targets I have in mind is .14 then .24.
.14 end of this Q and .24 by the end of the year.
DF
Looks like something leaked out. There are no walls going up to stop this yet.
LET IT TRADE!!!!!!!!!!!!!!!
DF
Good news here today. The future is shaping up and becoming stable. Let’s see a nice steady climb to .01.
keep the day traders out buy and hold at the ask.
GLTA
DF
What I am trying to point out is that the PPS will reach a point that is the absolute bottom. If this is it we will never see this level again. If on the fence about starting a position or averaging down this is a good start. Buy a portion of your desired holding and see where this goes. If 50 is broken then I would put a bid in around to 200. This is only if you are going to take a long position.
It is only going to go up from the bottom and never return. Determining where this is is the fun of it.
DF
The 10 has been in control, but a true bounce off of a lower support has not happened yet. Today is the first bounce. Tomorrow will determine. The MACD oscillator negative is shortening up and with the turn in RSI and Slow IMO will test the 10. If broken this is a good indicator that the next leg has started and Bearish trend broken. I would not short this only consider buying at this point.
TA opinions are like butt holes. Everyone has one and most of the time they stink. I just used baby powder! ; )
DF
Yes but did not close below. The RSI turned north and the Slow STO crossed positive indicating a change in trend. If good news this will be the indicator to the next level. I don't watch every minute, just every 3 days. I suggest everyone do the same.
DF
Hi gang. Looks like our retrace is about done. Support around the 50 is holding . End of this week into next is critical for the next step up. With some good news we will move up nicely. Without we will test the 200. I have my tickets and they are locked down for at least a year. Everything is in Ray's hands now and I feel the next move up it going to happen very soon. IMHO
Good luck to everyone.
DF
What the hell was that???
There were over 7 mil at the bid at .0020.
Games!!!
Who got a stop loss taken out?
I posted this on August 4th when the board was going crazy with "To The Moon" posts.
I have emailed management with no reply. If someone has a clear open channel with Rob and Mitch could you please take it up with them.
"DD there is video of the production.
I just caught up on almost 2000 posts. Geez you guys are busy the last week.
The current pictures provided (thanks Car and Jonny) show security surveillance cameras around and processing building. I am in the electronic security field and know these are Pan Tilt Zoom (PTZ) speed dome cameras that can watch any part of the surrounding area. These would be used to record video for after hours surveillance in case of some type of vandalism or break in. They can also to used to watch processing production. Any activity in the cameras field of view would be recorded.
The cameras would be connected to some type of DVR (Digital Video Recorder) and video would be retained for anywhere from 15-40 days. VCR’s have not been used for the last 8 years in our industry.
The recorded video can be searched by time and day and the clip can be exported out easily as an AVI or MJEP file.
If anyone has a good communication channel with Rob or Mitch, maybe some of the recorded video could be sent out to one of us or posted on their web site.
Looking for someone to take it from here."
Long and still holding strong PCFG.
DF
I took a position today at .0027. I am a long term investor so I can assure you my shares are locked up for now.
GLTA
DF
Will do. Thanks JCM. Good to see you here.
Thank you that worked.
DF
Hi guys and gals. Bad day today here and around the market. Nothing new in penny land, but I have seen this happen right before a big jump sometimes.
I was thinking about jumping in here. Doing some DD and tried going onto their website. Is it under construction?
Also I understand there are 2 contracts pending. Any speculation as to when these will be finalized?
Thanks in advance.
DF
Thanks for notes in the chart. I'm not that technical YET! But I am learning.
Something is going to break here soon and when it does it is going to be big. Actually my year is coming up very soon from the first time I bought. Still haven't sold anything. Best of all I have 15+ years before I retire. And I plan to do that in my 50's
DF