"Stepped back, took a look, saw a pimple on an elephants arse....just saying."
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Speak of the devil!
Pacific Gold Corp.-Pacific Metals Corp. Files Form 10 With SEC
Print
Alert
Pacific Gold Corp (QB) (USOTC:PCFG)
Intraday Stock Chart
Today : Tuesday 27 March 2012
Pacific Gold Corp. (OTCQB:PCFG)(PINKSHEETS:PCFG) announced today that its subsidiary, Pacific Metals Corp., filed a Form 10 registration statement with the SEC to register as a reporting company in anticipation of becoming a publicly traded company.
Once Pacific Metals is registered, which will be at least 60 days after the filing of the Form 10, PCFG plans to take steps to distribute by means of a dividend a portion of the shares of common stock it holds in Pacific Metals to the shareholders of PCFG. After completion of the dividend, Pacific Metals will seek an OTCQB quote of its common stock.
Pacific Metals plans to hire an independent management team and begin to develop the claims it holds encompassing the historic Graysill Mine in Colorado. The claims are believed to host a mineral deposit containing significant amounts of uranium and vanadium.
To find out more about Pacific Gold Corp. (OTCQB:PCFG), visit the Company's website at www.pacificgoldcorp.com.
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., which owns and operates the Black Rock Canyon gold mine, located in north-central Nevada; Pilot Mountain Resources Inc., which owns Project W, a large tungsten based deposit in Nevada; Fernley Gold, Inc., which has acquired exclusive lease rights to mine the Lower Olinghouse Placers in north-western Nevada; and Pacific Metals Corp., which 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 2012 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements. There is no assurance that Pacific Metals will become a registered, reporting company or that the proposed dividend will be consummated. Additionally, there is no assurance that the common stock of Pacific Metals will be traded in a public exchange or trading medium.
Contacts:
Pacific Gold Corp.
416-214-1483
www.pacificgoldcorp.com
Exactly, they learned their lesson last time, they seem to be way more far sighted this time around. They are focusing on a much bigger picture here. They are talking like they have the cash flow to keep this ball rolling and want to expand. I like it.
We have multiple properties.
And I am trading the heck out of it around my core.....
Way to go PCFG!
I agree with you on this.
Nice stuff in there!
Added more @ .022 today.
Then don't look.
This is going to slowly sneak away and in hindsight they are going to say something like — "dang! That was obvious."
i.e. selling stuff they never had to start off with, screw them.
Shorters getting desperate here, let's keep the pressure on and congrats to all who were buying when they were selling at .014-.015.
PCFG breakout....
Pressure cooker, money to be made.
Long launch pad and pressure cooker, something has got to give....
PCFG up 21% on hot volume.
They are trying to take it down, going to fail in that, this is going to run today.
Pacific Gold Corp. (OTCQB:PCFG)(PINKSHEETS:PCFG), announced today that Grass Roots Research and Distribution, Inc. ("GRRD") (www.grassrootsrd.com) has initiated research coverage on the Company.
GRRD has calculated a Cohen Price Index Target of $0.08 per share for PCFG, 446% higher than current market price of $0.014. The Cohen Price Index Target is calculated using 2011 Price-to-Earnings ratio (P/E), Cohen Price-to-Capital Employed ratio (P/CE), Cohen Discounted Cash Flow (DCF) method and Cohen Price Performance Index. The P/E and P/CE are based on market multiples and representative of the broader industry in which the Company operates. The Cohen Price Performance Index is a representative of the post coverage performance of all stocks covered by GRRD. The last component in calculating the Cohen Price Index Target is the value derived using the long-term DCF valuation approach.
The report states: "Pacific Gold is an exciting investment opportunity. The Company is in an excellent position to further expand its asset base, advance toward profitable operations and generate significant cash flows. We anticipate that Pacific Gold will have additional opportunities to expand its Black Rock Canyon resource, which may significantly expand the mine life and optimize operations. Since the capital investment requirement for additional capacity at its mill is limited, the potential for increased production from additional resources should significantly improve the Company's top-line... The stock is an interesting short term trade and potentially a long term investment." The report also features detailed information about the global market for gold.
To find out more about Pacific Gold Corp. (OTCQB:PCFG), visit the Company's website at www.pacificgoldcorp.com.
About Grass Roots Research and Distribution, Inc.:
The Grass Roots Research and Cohen Research brand names are the worldwide Gold Standard for micro cap/small cap research. Grass Roots has raised the art of fundamental securities research by forecasting the three statements, including assumptions of capital raised. Grass Roots distributes in-depth stock market research reports that highlight the company's market opportunity, technology, management, competition and other key differentiators that may affect their short and long term valuation. For more information, visit: www.grassrootsrd.com.
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., which owns and operates the Black Rock Canyon gold mine, located in north-central Nevada; Pilot Mountain Resources Inc., which owns Project W, a large tungsten based deposit in Nevada; Fernley Gold, Inc., which has acquired exclusive lease rights to mine the Lower Olinghouse Placers in north-western Nevada; and Pacific Metals Corp., which 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 2012 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements.
Price-to-Earnings ratio (P/E)
PCFG second alert...
This is a junior producer going through the growing pains, with multiple properties, one of them being a full scale mining operation and one leased out with a JV option and more. Many irons in the fire and a shame that it is trading at .014 and not in the multiple pennies . It is about as far from a pump & dump as you will see, get your opinions more educated.
PCFG radar, looks like email pump by third party etc etc.
GM Z, wtf happened here with all these 300 + weekend posts? Have no time to read them all. tia.
First filing in 18 months.
You get all the bad news out the way first and then present the good news, not visa versa...
I added quiet a few more this morning.
Someone always knows something...
I enjoyed it.
Did it cross today?
So many interpretations going through my head with those words.
I buy on fear, an old nasty habit.
Who else can feel the fear creeping in everywhere here...?
Please show me where I can see yours charts. TIA
Very nice summary. Benn loading up on the bid for weeks. I can see this trading between .25-.75 over the next few years.
NXOI .001 email pump & news.
CVM breakout baby!