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Sounds about right. I may add some tomorrow if I like the price action, almost did today but hesitated (and glad I did because of the afternoon selling) A close above .023 tomorrow would be a big step in the right direction
Yeah that sucks, and is exactly why I've been holding off on buying. Maybe later this week if the technicals improve.
We'll see how it plays out tomorrow. PCFG is still stuck between support and resistance trendlines, it'll make a decisive move one way or the other in the next day or two. I think it'll go up (not a huge move necessarily but a close above .025 for the week would be a good sign), but waiting for confirmation before adding any more.
There are no guarantees in life, especially in a mining operation, and PCFG is just using standard caution in their "forward looking statements" IMO.
Realistically I think it's fair to assume that all things being equal the equipment will do what they say it should, or else I don't think they would have ordered it.
It sure seems that way, although we may have seen the worst of it today. The weekly bollinger band is at .12 If it hits there I may add some more
I suppose the only positive aspect of all those warrants is that CMIN will be sitting on a nice chunk of change as they get excercised.
Agreed. NIR resolution, and looking forward to earnings in late April should be good for the share price soon enough. For now, resistance at .0024 today seems formidable.
Ditto, no choice now but to ride it out. Probably won't add any but maybe if I get a good sense that the heavy selling is over. Plus, I still think the long term prospects are good, just disappointing to see that nice upcurl we had on the charts get decimated so quickly.
I agree it does look pretty good, but doesn't look like it's about to run up anytime soon. Too much resistance overhead that needs to be cleared out first. The 20 & 50 day MA are still formidable resistance. Until at least the 20 becomes support I'll stay comfortably on the sidelines til I get my entry point.
It was bound to happen after the company handed out shares and warrants like they were pieces of candy. My best guess would be someone is excercising those warrants, or is otherwise selling those cheap shares they got at .10 to lock in some profits. I should have trusted my gut and sold in the .20s.
There is now no uptrend in place whatsoever. I think this is going to .12 or maybe they'll sell it all the way down to .10 (but that seems less likely)
The last bit of news did nothing for the share price, neither did earnings. I'm not sure what they could tell us at this poing that would fundamentally change things. Assuming .019 is the bottom, it needs to consolidate for a while, let the technicals improve and maybe we can get a run later this month when the NIR lawsuit gets resolved.
Oh sweet, I didn't even see the news, just noticed the strong price action and volume. Thanks for bringing the press release to my attention.
Sorry, I don't have an answer to your questions.
Potential breakout in progress. Nice move up on strong volume so far. If PCFG can take out the 50 day MA this week we'll be in good shape for a nice move higher as EOM approaches.
GO PCFG
Breakdown may have been too strong of a word, but it seems to me that the trendline that has been pushing PCFG down for the last several weeks will continue to do so until something changes (news, investor sentiment, etc). At some point either that resistance trendline gets broken, or the support level PCFG has been riding on does. At least that's how these kinds of things usually play out.
Good post, I agree.
I think at this point in the cycle the miners are impacted more by their own developments (or lack thereof) in terms of getting to production than whatever gold trades for in a given day. But yes, if gold explodes north of $1500 than we may see an uptick in speculative buying again.
Oh no, not you too. PCFG hasn't followed the price of gold in several months it seems. Gold hit a record high the other day, PCFG is at 4 month lows. Please explain how that is following gold in any way shape or form.
When PCFG announces production, or investors start anticipating production that will be another story but for now it seems that PCFG is marching to the beat of its own drum.
Just last week you were saying that PCFG would trend with the price of gold (great theory btw ;) ), now you're saying to wait for news? Make up your mind already.
I agree, it's breakout or breakdown time in the next day or two. Resistance and support lines are getting so close together PCFG is going to make a decisive move on way or the other. If it breaks up, I'm buying more. If it breaks down, I'll hold what I have but wait before adding more.
Hard to believe that PCFG doesn't have some bit of progress to report. The really should be giving us an update, but maybe they are waiting until they release financials (EOM at the latest?)
I agree this is should be a telling week for HLNT, and should give some solid indicators as to whether or not the bottom is in place.
Lowering the ask :(
Sure seems like there are a few motivated sellers out there. I suppose that's a side affect of handing out warrants at .10 with no lockup period. You have to figure at least a few of em are going to cash in and take the easy money.
This seems to be a buy, hold and walk away at this point. I Still think good things are coming down the pike, just no real uptrend in the chart any more.
Nice bolli squeeze setting up. The uptick in volume today was interesting. Looks like JEDM is going to make a decisive move one way or the other soon. Anyone looking at Level II the last few days, huge buying interest at .011
Go SUGO! Go SUGO! Go GO GO!!
Things are shaping up nicely :)
Looks like the bottom of this mini-downtrend is in, we just need to break above .17 today to confirm it.
FWIW, if I had some extra cash I'd be buying more, but I'm out of powder at the moment.
I didn't say or suggest that the high POG has no impact on PCFG, just that PCFG does not follow the POG directly.
FWIW, if gold was modestly lower than it is now, but PCFG had confirmed production had started, I'd be willing to bet that PCFG would be higher than it is now. Most miners march to the beat of their own drum, where they are at in the development process, their profitablity, etc.
But what you're failing to explain is why in the absence of "official corporate news" (and news has certainly been lacking*) PCFG hasn't trended with the price of gold so far. That's the flaw in your analysis. If you can explain that, I'd love to hear it
In my heart of hearts I wish you were right, but the charts don't lie. Gold is nearing all time highs and PCFG is stuck at .021
* The missing pieces of the puzzle IMO are details about financing, mining contractors, heavy equipment suppliers, and an estimated start to production. Until some of that gets cleared up, PCFG is going to do whatever it's going to do, regardless of the price of gold.
I don't have a problem with it. You're free to post whatever flawed analysis you like, and I'm free to point out holes in it.
Peace.
and caved under the pressure of 8000 public comments
Posters on those boards don't seem to have a problem recognizing the obvious.
I just believe what the charts show. Gold is right back up at the top. PCFG isn't. Simple enough.
Peace
I just noticed that too. Looks like hundreds of stocks got dropped from the OTCBB through no fault of their own and moved to the OTCQB.
http://blog.redchip.com/index.php/stocks/otcbb-delistings-and-rule-15c2-11-what-happened
On February 15, 2011, below the radar of the financial community and with no publicity, they started dropping. First it was 48, then 4 on the following two days. Then on February 22, the floodgates opened and 569 companies were delisted from the OTC Bulletin Board and moved to the relatively new OTCQB, officially part of the OTC Market Group’s OTC Link quotation system. The reason given in each case? “Failure to comply with Rule 15c2-11.” What has changed so drastically in the past week, and why has it resulted in the sudden delisting of 622 OTCBB companies?
The reason isn’t that these companies have failed to meet certain quality standards or are delinquent in their reporting to the SEC. Quite the opposite – the OTCQB is a new market (launched in April 2010) for OTC-traded companies that are registered and current in their reporting obligations to the SEC, so a move from the BB to the QB by no means signals delinquency or lower reporting quality.
The root cause, as with almost any aspect of the financial world, comes down to money. All companies quoted on the OTCBB must maintain at least one registered market maker (see FAQ #14) to remain on the OTCBB. The issuer can’t voluntarily withdraw from the OTCBB, but when the last market maker withdraws from the stock, it is removed from the OTCBB after 4 days pursuant to Rule 15c2-11.
It should also be noted that Timberline decided against pursuing the CM project in the fall of 2008, during the heart of the financial crisis when the banking system was seizing up, financing was near impossible to obtain, and the stock market was in freefall. Can't blame them for playing it conservative at that time. Lots of legitimate business projects were cancelled or put on hold at that time due to fear and uncertainty.
That sort of proves my point. Miners in general don't necessarily follow the price of gold.
I think what's impacting PCFG more at this point are expectations/concerns about when production will start.
The technicals are on the fence, all I can say that I know we're at a major inflection point.
Yeah I know. In the long term I'm not worried about it, just frustrating to see it break down from that nice steady upward climb it had going (especially when gold it hitting record highs). Seems like a lot of stocks I own lately are doing everything possible to not break out.
If that's the case, then please explain why gold is up almost 10% since late Jan and PCFG is down to where it was in October. Obviously PCFG does not track the price of gold.
I completely agree. I have this week or next pegged as a breakout week if this level holds. But I'm always cautious until I see confirmation. I've see more than one stock give false breakout signals, only to fail at the last possible moment. I've got my core position loaded, just looking for the breakout signal before I buy more. As long as .021 holds as the bottom for the week, we're still in good shape.
That said, news would pop this thing tomorrow.
Unfortunately, that has little to no bearing on PCFG right now. Until they tell us something substantial, it looks like it is going to avoid breaking out like the plague. PCFG backed up just enough today to delay the next inflection point until later this week. Sometime in March would seem like a reasonable time to start production to me, assuming all the other ducks are in a row.
So far it seems like CMIN has going down just enough to delay a breakout point for a few weeks. So far I'm not too worried about it (but sure glad I didn't buy any more), but IMO .165 is a meaningful level of support, at least according to the way I'm reading the chart.
What I don't like seeing though is CMIN dipping below the lower bollinger band so much and today not even snapping back. Last week I thought we had a bolli squeeze forming, not it just looks like a trend that has sputtered out.
If I knew I could have bought this cheaper today than 6 weeks ago when the test op was announced, I would have waited.
That's what I was thinking too. If nothing else, it would be good of them to announce the commencement of test mining (the press release referred to a 4-6 week setup time) or perhaps some preliminary results if they've already started. It's discouraging to see gold popping and CMIN trading down day after day. I don't care if CMIN pops neessarily, just something to get us out of this downtrend.
Eh, we need to see more volume before reading anything into it. A close above .024 on healthy volume(.025 to play it safe) would be significant.
I think investors are waiting on the outcome of NIR, until 1Q earnings are closer, and maybe to wait and see if there will be any more dilution.
So far it looks like .019 may be the bottom but definitely too eary to tell. Low volume so far today seems to be indicating some lack of clarity of where HLNT goes from here in the near term. No conviction buying OR selling yet. Im still on the sidelines, but following along closely.
Well yeah obvioiusly it will only happen if someone decides to sell.
My only point was that PCFG is on the cusp of a nice breakout, but if that fails it will probably retreat back to the next support level at .015 I don't think that will happen, just watching the price action for confirmation of the breakout though.
BTW, in a previous post I referred to support at .022 and it was since broken but not on enough volume to be significant. Besides, it could be argued that .0215 is support so we're still looking good for a potential uptrend.