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mitch and rob will show us how well they know pcfg history and show you they can repeat it.
they are getting themselves in trouble again and this is going to implode on them.
i hate to say it because i still own 1,688,562 shares with the first purchased 4/06.
now go ahead and tell me how my opinion is so wrong based on the incredible inside knowledge you all have. that i should sell and be gone.
one of us will be right and unfortunately the odds are more in my favor.
seems as far fetched as i have seen here. and you guys think my opinions are crazy.
so with the prices of commodities going up or other expenses, their cash on hand will not have fluctuated for other reasons?
they would not have invested in a company before their own dd was complete. if ever.
i think in November we will see posts stating that the cold temps are coming so they wont be mining until spring. and the cycle will start all over again.
i am an entrepreneur and start companies and they explode for several years until i have to have someone else run them because i don't know what do to once it is humming. Mitch and Rob seem to be experts at keeping a company in limbo not doing anything and keeping some of their investors happy doing that. i expect result.
no body here knows anything more than the other. we are all lost here hoping for the best. we all post our opinions and that is all they are. when someone posts fact then we will all KNOW.
there is no info out there that tells anyone of us things are going well. the pr's are actually getting worse.
i think pcfg's death is speeding up now.
they can't hang on much longer.
if mgmt has a majority stake, why is that.
its because they disregarded shareholders.
when i first bought pcfg there was less than 100m shares and it wasn't on pinks.
this is history repeating itself. nothing much has happened in the last 6 months when everyone was overly excited about pcfg. it took some longer than others to realize, but this isn't going anywhere soon. someday even those claiming to be LONGS, will give up. one can only hang on for so long and i have done so for more than 5 years.
for a while longer some will constantly repeat themselves with enthusiasm stating they are the smartest ones here.
i understand production takes time, but mgmt is doing a terrible job with pr's. we have had everything that is needed for quite some time with the exception of equipment to increase productivity (this does not keep production from happening). we have no idea where they stand. they have equipment and money, what now?
we placed an order for.....
we received......
nothing.
we received $$$$$
nothing.
pcfg is becoming a joke.
i don't remember anyone even determining why they took it to 5B A/S. some may have speculated it was to prevent a takeover. did we ever find out?
some thought the tungsten property deal was great when they first heard it, but are now realizing it doesn't make much sense.
i personally have never called the mgmt "bozos" but have stated they may not have what it takes and i was berated for it. i think they may lack what is needed,don't have time, or know something is not right with the plant, but settle on lack of what is needed. there would be no harm in admitting it and hiring someone who does know. i did it in my company and hired someone who knew how to take us to the next level. it may be time for that with mitch and rob, but we really don't know since all we really know is they have purchased some equipment, but some deals and are currently waiting.
as i said quite some time ago, why don't they just start the plant, to which i was told to sell my shares because this takes time and how rude and ignorant of me to suggest that. they have made it very clear they are not ready and NO THEY ARE NOT MINING TODAY AS YOUR PICTURES PROVE THEY ARE NOT.
i'm right there with you.
it is nice to have someone thinking this way.
if someone can give me a good reason why they shouldn't mine today tell me. "peak efficiency" or "they already are" don't cut it.
thats my post for today.
i now read this board strictly for entertainment. you guys post in cycles. even the new posters join in your game.
someday, just maybe, mgmt will get their act together. oh wait, i'm the only one here who is not allowed to mention mgmt may not know what they are doing, taking longer than it should, don't pr anything good etc.
soon you will be posting that there isn't anything they can do until the temps are above freezing because they can't do anything in the winter months.
i still hold my shares now that they are free. small gamble for potential big gains, or my initial investment didn't go anywhere in the last 5 years. now is the time you tell me to just sell already so there are more cheap shares for you to buy. there are already more cheap shares than you can afford to buy, so just buy them all already.
you guys are also delusional if you think the pcfg millionaires club owns what they say they do. you can't verify it and even if you did you don't have any sway.
GLTA, hope we all really do become $M, but i doubt things get much better. i really thought the pr stating the $500K would produce many new, rapid fire pr's, but it didn't. i will continue to have a few chuckles everyday.
i just may have to stand corrected today.
i would love to know when they received the money, but this is the best pr i have seen in a long time and did not expect it.
i hope this time our gains are here longer than a few hours.
i noticed the last few "pr's" have not mentioned the need to raise money. i know they weren't your typical pr's, but before they seemed to mention the need for $ often.
a pr that the equipment is installed would be nice, except that the plant has been sitting idle for most of the last few years and the mice have set up homes that could be a problem. gremlins. they will probably pr that they need to order something else new.
does anyone want to wager whether we see a good pr this week or not. i think i might put $100 that we don't see one. mabye $50 we don't see one in march. should i call Vegas and see if there is anything out there concerning pcfg.
response,
And how do you, me or anyone else know if they have started or not yet???
(respone) They are installing equipment, how do you run a plant during installation.
the daily volume and buying pressure indicates that a lot has happened that we have no clue about
(response) all it tells you is if people are buying/selling or not. it is just a guess.
Are you really expecting them t tell you that they will start in 10 20 30 days???? It is nonsense to expect a production date to be announced
(response) they have told us they will begin production in the next 280 days, so they have told us.
it is just my opinion that the plant has been ready for some time and should be running. i do not understand mining operations, but in most businesses, the sooner you can generate revenue the sooner your ROI. i still have not heard anyone give a GOOD explanation as to why they keep waiting if they have what they need. we are all guessing so don't berate someone else's guess.
what harm is there in telling us they have been producing or that they plan to start next week?
what is nonsense to you and CHOPP is not to me. if not a need for more equipment then something else will delay production.
how could the recent picture taker not see the new equipment? i would suppose it would be outside for its size, the plant is already full of equipment. does anyone know where it will be in the line?
the latest news is still under the radar. the news from 3/8 isn't on msn.com. every other news has been there.
the equipment arrived a few weeks late. it may take them a few weeks to get it installed if mgmt is wrenching it.
what will need to be done once new equipment is installed. i think sometime in may/june we will be pr'd that they have purchased something else that will take several weeks to arrive.
i don't care how many of you say mines take a long time to get to the point they are running. it should be by now.
i am hoping i am wrong and we see a pr by the end of the month to the contrary.
gold down 33.3%, oil down 3.33%...interesting.
amazing how flat this has been now that the equipment has arrived. news doesn't even move the needle any longer.
if a picture had been attached to the pr i think this would have gone up a little since it would have calmed many like myself.
his head is turned buy his hair is similar to his linkdin pic.
i agree. you never know at this point with this company. if investors in common stock are starting to become restless and they don't answer us, how will they arrange outside financing? if you are sooooo confident, why can they not raise financing? and don't say they have but have not pr'd. they pr everything they do and it isn't much. these guys have a lot of time on their hands or they are too busy with the other companies they run. they are shortchanging this one.
i don't think it will be this mgmt or this company that produces gold. someone else will and it will be without us. we will be eliminated from the picture first.
i hope i am wrong though so i can reap the rewards of my patience, now at 5 yrs.
isn't that all extremely speculative?
what do you have to base your price points on except a chart that has been telling you that for a long time now. seems like the charts tell you the opposite of what actually happens.
there is a lot that needs to happen first and that is a long shot.
my prediction is a new weak pr in the next 4 weeks, a few people think it is great, reality sets in because a lot of questions are created that the pr didn't specify creating concern.
something will be purchased, something will be sold and we will continue to wait for production. i at least have history to back up my opinion.
i think mgmt should become strictly owners, hire a respected ceo to get r done and Mitch and Rob will be very well rewarded.
if financing is needed it is somewhat available today more so than a year or 2 ago. we may be entering a time where money is not available again. if they don't get some now, we may never be able to start up because the last step was unfordable.
thats really funny,
all carhauler haters are starting to say the same things i have been saying. maybe they word it different, but the same thing.
someone even posted today that they are questioning the last decision mgmt made as mentioned in the last pr. didn't i say the same things and got blasted for it.
i agree with your post even though you and others didn't agree with me in the past.
YOU hope and believe it will go their. if this were such a sure bet, las vegas would be all over it and big money would flow in. that has not happened. or, if this were such a sure bet it would be much much higher.
once production is announced and started, and you have the initial jump in price before settling at a reasonable pps, i don't see .10 unless things are going full tilt. i don't think a market cap over 100M can be expected.
we were all excited last fall, but i think we need to rethink expectations and not throw around $1 $2 or $4.
if production reaches expected levels, do you really see a pps of $2-4? without reverse split?
for sake of discussion. isn't .02's pps a reasonable price? that puts market cap under $20M. for a company not doing anything that seems pretty good. the only reason it is so "high" is forward looking. IMO they are losing credibility with the forward looking speculation investors, which gets weaker with every day.
i'm starting to think .02's is generous and i am amazed people have hung on for so long.
everyone has a different take and game plan. the longer this takes the lower everyones exit point becomes. a person selling 1M shares at .1 takes more buyers to take over that position to keep the upward momentum. if you sell at .2, twice as many buyers need to step in. the upward momentum slows.
i feel sustained momentum would have taken the pps higher when they finally turn this thing on.
one can buy an auger at a sporting goods store (maybe not in NV) and in 1 minute be to water. water's freezing point is lower when moving so they can run in freezing temps. if it gets too low below freezing it will become an issue.
is this just a seasonal business?
its in the 40's in reno.
wow. brave post. some here will love to blast you as soon as they read this. if they don't i think it is because you said it much more eloquent then i have.
they say mining in 2011. we are more than 10% the way thru the year already. they have a long way to go to meet that time frame. if the past is any indication you may have a long wait. mgmt is making progress this time which they have not accomplish very well in the past. it seems thought that any snag could delay them.
this has been a tremendous time to make a lot of money in the market only to have it tied up in a company not informing us well enough.
is my computer broken or did they suspend trading of this one now. not trades for 15 min.
why was i eliminated from the club. where did the member go that had 10M shares. is there any verification of ownership (i know its just for fun, but i could become useful info in the future)
what lines, that they have been producing all along. i hope so that would tell me the super optimist have been right all along and i have been wrong.
your wrong. you can't wait to be 100% efficient especially when you don't have money.
it would be extremely foolish to not have been running the plant to some degree since December. if they are purchasing equipment to become more efficient, how will you know if you were successful in becoming efficient without something substantial to measure your ROI.
mgmt will either prove themselves smart or ignorant when they release the amount the plant produced 4q 2010 and 1q 2011. if there wasn't much produced beyond the original stockpile what is the purpose of new equipment.
if i purchase new running shoes i can run a 5k faster.....i don't even know how fast i CAN run a 5k because i don't run one now.
can someone tell me what the harm would be in pr-ing what they produced each month. that is 100% of the reason they are in business, to produce gold, not tell the world how efficient they would be if they were producing gold.
they haven't purchased the on/off switch yet.
my original plan was to sell some pcfg once it skyrocketed and purchase physical gold hold the other half as a hedge.
fortunately i will not have a tax issue, that would have been last year, but as a result of selling fully depreciated assets for a large gain.
i also purchased most of my holdings more than a year ago with only the last 500k purchased this summer so 40% taxes will not happen to me.
thanks for all the info in the post. about 10 years ago i was thinking what to do with my life and looked into day trading, but quickly realized it wasn't for me. i mostly prefer mid-large cap or blue chip. i have gotten in over my head on this one. large companies put out pr's everytime someone sneezes.
started at .44 and have avg'd down to about .015 since i was also around when it was almost to 000's.
at some point you have to lose patience and get crucified by new entrants.
you may know more than i do. i don't understand flip or day trade techniques. this is the only penny stock i invested in and i am regretting it. takes up too much of my time and emotions. there is no emotions investing is ford. up and down a little but nothing like this. once out i plan to stay out.
i'm sure many will love to see me gone. who cares.
that is one of the reasons i feel something is off about pcfg.
is it better that inquiring newcombers see just the cheerleaders, or should a forum be both sides.
if this were such a sure bet as many want to believe, don't you think this would have gone much higher than .07 and stayed much higher.
sorry, i will try. i sat our for a while only to come back and everything is the same.
i will sit out for a while longer.
i don't think there are enough longs left to make a differnce