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Any iHub posters on here who can "see" and then "interpret" the stack on their Level 2's have any insights to share re: reasoning for this equity to continue to sink into what apparently are soon to be the single digits? Said action would seem to indicate a hidden flaw in Scorpio. This can't all be attributed to stronger dollar/weaker gold.
Input appreciated.
As far as I can see, this company is doing everything right without exception as far as execution on mgmt's plan, while continuing to produce the quarterly ounces pretty much on target. I'm in, and I'm hanging on, and wanting to add more at these gift prices, but am very puzzled.
TIA
As.predicted.PGLC.shareholders.saw.a.$0.30-handle.this.wk.acc'd.to.charts. awwwwwwww.
However, we do have a plot twist this week!! Alfers has to mix it up to keep snoozing PGLC longs awake.
There was an 8.7m shares traded day snuck into the mix this week.
Some tired of the bs long sold a 3.95 shr wad directly into the market, and good old BagHolder Barry vacuumed it up as is his divinely appointed mission in life. If one ever needed proof both buys and sells are reported as "volume" in this stock, today was your proof.
The twist? Why, the TIMING, of course.
PGLC was presenting in a NYC cattle call "investment conference" that same day this long dumped, and did so in a very public way. Normally one sees such a sink-stopper trade in an AWAY FROM THE MARKET action which big chunk holders --buyers or sellers, in this case seller--always have open to them as a "don't disturb the market" option. Such away from the market trades are done all the time.
In a made for TV moment, BagHolderBarry most likely stepped away from his 4 Season's luncheon to take the frantic MM's call in order to mop up (buy in toto) plus another several hundred thousand shares "smaller crumbs on the offer" apparently available acc'd to the Form 4 filing, all while he had his wallet open, of course.
Good Sugar Daddies are like that. We'll never know if several Zantac were consumed immediately as the result...
Alfers' 17min face time, NYC conference 9.11.'14
iHUB's.graphic.of.what.TWO,3.95!!!mil.shrs'.blkS.from.a.discouraged.long.looks.like.
Any bets on who bought it? LOL
The REAL question is: why weren't these TWO trades done away from the market like most trades of this size would have been???? Had Honig not received a phone call and taken the other side of the trade, this stock would be sitting at 14c or lower by the end of the day.
SOMEBODY wanted to send a message me thinks. Maybe S.A. "analyst" will let it slip who the discouraged long-seller is. Fact is, there are fewer >3.5mil share blocks left out there in the PGLC universe. Check the March 2013, and March 2014 Share Registration listing for a potential review of candidates who may have stepped away today.
Who can blame the seller? They know a 1:25 authorized reverse split is coming.
9.11.2014--iHUB Price/Vol chart here
Penny Stock Weekly out with a + pc reportedly. Sorry, have no link. Someone feel free to post it.
Positive Press reported in NYC Conference this week.
Two (2) Presentations this week,
One starting right now,(10:50AM 9.9.2014) @ the "Rodman & Renshaw" 16th Annual Investment Confrence in New York City
Understand that the PPT presentation is already up on the official PGLC website.
Another +PR re: drill results posted today. :)
New S-1 filing up on EDGAR as of 9.5. Comparing this one with prior S1 filings by PGLC shows more references to "permitting" both regarding new permit efforts as well as "amending permits' " efforts.
Thought this forum would find that of interest. See the thread header for hyperlink to the exact filing, and settle back for reading, especially in the MD&A section.
Comments?
I know dual listing is a big thing for Canadian to get listed on US. I wondered if it was true in the reverse.
T/Y 4 UR reply.
Janice, have you ever seen a OTCMKT stock seek "senior" Exchange listing status on Toronto Exchange?
Just for the sake of discussion, if said application were to be approved, what is the length of time for Canadian stocks have for filing quarterly financials in Canada?
THanks.
Investor PPT presentation Dated May 2014 - link here:
RGLD May Corporate Presentation/Slide Show
Motley.revues.RGLD.and.Mt.Milligan.streaming.royalty. Nice revue -- click link for verbiage and charts.
RGLD, Mt Milligan, et al
27.9 percent.loss.in.PGLC.since.1st.wk::Mar 2014.
Just curious about where are some of the mental stops underneath this stock from people who do NOT have the initials. B.H. or MUK, or PF? Is there some price point in this OTCMKTS stock below which some of the longs on here will not tolerate?
Even with the last minute 2000shr buy on Friday's close to close this thing at 33c, it did NOT change the weekly downtrend chart close.
Yes, this stock closed down for the week, affirming the lower trend based upon weeklies; check the weekly chart posted in the forum intro.
But, rest assured, there IS more financial engineering on the come from razzle dazzle Honig; STAY TUNED!
Q2 results are in!
An.EARLY.2011.VOCAL.long.here--wearily.sells.out.175K.PLUS.position;-most.credit.her.w_1st.alerting.2.CRGC.conversion.on.the.come.when. PGLC was still SAGE. Initially posting she at accumulated 175K shrs' stake (PLUS HER CRGC Reg 145 long shares) acc'd to post on another forum, one does not know what her final talley is. She claims to have moved on. Seems PGLC's financial engineer, Honig has worn out another one.
There will be more give-ups. As this continues to drift toward lower price point in order to create "demand" for the promised/authorized reverse split" vulching overhead in PGLC's future.
BH.bot.300K.MORE.ystdy-trying.2hold.up.this.sad.sack:::STILL.fell.thru.into.31c-handle.ystdy;again.2day.
Total for Barry 89mm plus controlled shares, plus.
Chart Close attached to 8.19. EDGAR filing
ANOTHER 31-handle day; cls there 2 Days in a row.
We have a 31-handle 2Day--it clsd there!! People who bought the last financing arranged by Cantor-Fitzgerald and Wainright (sp?) at market prices on July 2, can't be really happy right now with this emerging and confirmed trending down in PGLC share price.
Wonder if they are still taking BH's calls?
Brent Cook quote re: time taken to build a gold mine
Gold mining is a terrible business... It's not scalable. It requires huge upfront and ongoing capital expenditures. Even when times are good, the profit margins are razor-thin. And times are terrible... and getting worse.
According to Brent Cook, who writes the excellent Exploration Insights newsletter, "the amount of time it takes to build a mine has doubled since 2004 – from 10 years to 20. It's harder than ever to clear the social, political, environmental, and technical hurdles.
"And it takes a lot more money, too. Brent noted that major miner Barrick Gold estimated a high-profile project would cost $600 million. It ended up costing $9 billion... and the mine still isn't producing.
"Plus, most potential projects these days are lower-quality. They contain less gold – down from 3.5 grams of gold per tonne of ore in 2005 to less than 2.5. Miners are concentrating on the higher-grade areas of their deposits. But that's just going to make it harder to mine what's left.
"Of course, the biggest problem right now is they can't really make any money mining gold. Brent says the average all-in cost of gold mining is about $1,500 an ounce. Gold trades at $1,320. So miners are cutting costs... They're spending less to maintain equipment, they're cutting staff, and they're reducing development. That's going to hurt them down the road."
-----------------------
comment:
and now we tick off little old PGLC:
1) Lower Quality deposits nowadays? PGLC's currently waaaaaaaaay less than 2.5gpt in any assays done to date, let alone reported by mgmt. More like 0.019gpt last I recall.
2) spending less to maintain equipment per se'... Heck, I don't see it on a financial report as even a line item of any size or even reported that I can easily recall,
3) cutting staff? PERSHING???? Well, now THAT bullet point started my day with a guffaw. Staff is where PGLC lavishes the 90% of its budget, and to be fair, on some pens & pencils, printer ink, and stamps thrown in.
4) reducing development? Nope, a whole 10% is going to increase development, and they are STILL below 2.5g p/ton. They haven't found the glory zone/mine maker yet, and they've been poking holes for 3 years under Alfers now.
5) all in costs around $1500? I've been saying PGLC's around $1300 for quite sometime now. Pershing claims $750-ish w/no PEA in sight. I see a widening credibility gap developing on this bullet point.
I suppose PGLC can always turn out to be the exception, or......
CNBC's ownership graphic: PGLC. BH's low shr count under his control is misleading, because it truthfully stands at approx 88mm shares under his control, dwarfing Frost's 53mm.
Updated Daily: PGLC ownership graphic with unstated caveats
this one's under the radar in US. Maybe not for long.
First.$0.32--handle.on.close.since.Dec.2013. Spent a whole 6 trading days in 33-handle land after breaking 34. Any bets on how long the 32-handle will last before consistent 31-handles are in vogue?
Acc'd to daily chart in PGLC forum intro, PGLC took out the Dec 2013 LOW of 32.5c, posting this very week, and 32.2c low.
Can 14c be far behind?
What if...just what if, the new strategy is to ride this thing hard down to where people are SCREAMING for a reverse split, and voila, then the pre-authorized one is announced and the world is saved???
hmmm
correction:::no.one.is.apparently.listening.to.PGLC,period. LOL
shrs.posted.32c-handle.2day.on.half.mm.shrs.vol---Looking.puny!Hotshot.honig.looking.greengilled.
BH.bot.800K.of.2day's.1.4mm.shrs!!WIERD=BH.filed.on.EDGAR.b4,evening.rush.hour.same.day!
What's the rush, Barry?
SOMEbody.crapped.out.2day:::1.4mm shrs.;2day's.low.print@$0.33.1c low;=3rd consecutive.trading day in a row which printed a 33 handle in this stock's shareprice.
(Hello, 14c, hang on....we're comin' for ya.)
Seriously, people, this stock has been "held" at previously issued, formerly considered "sacred" PP shares 35c level like forever.
Now it isn't?
Something has changed. And that change is based on fundamentals, that be a guarandamntee. Company fundamentals or personal "fundamentals", makes no difference. Change is change.
Even seer, goldenmuk dumped 1/2 before the July 2014 PP was announced, and he's STILL all over the net telling others to wait before buying b/c he is (allegedly going to wait) based upon some drivel which passes for economic analysis as relates to all things PGLC.
I'm more interested in the discussion points being advanced elsewhere about the concern over water permits, new Nevada operations seeking them or seeking to expand whatever water permits were already articulated in previous POOs with BLM and state of NV.
These advanced water needs are incorporated into PGLC's expansion plans already anticipated 2015, (2016? 2017? 2020?) actual living breathing RC production envisioned by the two aligned new analyst buddies at both Wainwright and Cantor.
ahSOooo! Thanks. Yes, PGLC. They tried to raise $15mil, only got $9.2mm, then $2mm reportedly showed up in a second tranche closed announced 7.2 I think it was, and now they're after $5mm more.
That 6months clarification was valuable understanding to acquire. thanks!
So far, they've paid out approx $1mm in commish to brokers to get the amount collected so far. Nice work if one can get it, yes, selling wallpaper for commissions, regardless of risk? Oh, that's right, that's why we all hang out here, to mitigate risks. LOL
thx! Would you remind me again, how to determine if a company is an SEC registrant? I thought everyone listed on the public exchanges were "SEC registrants". My bad. Maybe as a rule of thumb, not penny stocks?
Are companies who are bought out shells of other failed, delisted companies, by default non-SEC registered companies when the new name, new face gets approval for trading again?
Or do those playing the buyout shells' game, primarily seek SEC registrant companies to skip a couple of hoops in order to get up and running on the exchanges again?
Gosh, I just re-read my post, and see I asked a lot of questions. Do you want me to number them next time? LOL
New topic, Janice? Help me get m'arms around what significance I should attach to the following highlighted headline in another one of the stocks I follow? Thanks. Said headliner popped up after the close yesterday and is dated 7.30., so it is recent.
Small Company Offering and Sale of Securities Without Registration (d) (Rule 506(b))
I opened the filing, saw 4 or 5 insider familiar names, but couldn't decide if they were buying or offering to sell, just that they were part of the group filing the form.
Thanks for your help in understanding this filing stuff.
If they were buying, what is the benefit in buying unregistered stock?
If they were selling, how can they sell unregistered stock?
scratching head here.
ouch. Thanks for the update. Might be the reason a PR from RGLD ystdy highlighting another, better sounding performer in their royalty portfolio was issued. I don't believe in coincidences, but I do still own RGLD. :)
Got a link to your Chilean Supreme Ct decision for the thread?
Noteworthy.selling.pattern??_re:SEC.Form.4s::8/5--450K.sold,BH.bot::$0.3423__8/5--100K.sold,BH.bot::$0.344__8/1--150K.sold,BH.bot@$0.345__7/31--475K.sold,BH.bot:@$0.346
maybe it's just me, but the selling seems to be more noteworthy than the obviuosly opened and seemingly "bottomless wallet of BH".
Obviously supporting SP in this weakend dreamweaver stock vis a vis its falling share price from disenchanted longs, undoubtedly this selling can logically be attributed to and brought about by reaching the tipping point of sellers via continuous and ongoing dilution of PGLC> No PEA nor word on the hold up in permits from BLM and Nevada water authorities, just to name two sources of currently discussed concerns that have oozed out into public chatrooms.
BH.bot.150K.shrs@$0.345.Fri_8.1.2014...SIMPLY.SHOCKING.acc'd.Form.4.filing.today.
NOT!
not only no, but ..LL NO. Just dilution, forward looking statements a plenty, PLUS no BLM reclamation plans/approval in sight.
Some interested parties on other forums are suggesting there is a real water permit problem on this 25,0 0 0 acres of property. One imminently more qualified analyst than Peter Epstein from MYRIAD house, who goes by the name itinerant on SA revealed recently that in order for PGLC to achieve their 50K toz /yr production goals --touted by bond buy side house, Cantor-Fitzgerald-- PGLC needs to expand their operational leach pads from the two existing to several more concurrently operating, in total.
Shareholders should understand this is something that will take time to build--each and every pad--
and
each pad may need to pass another endless routes of inspections, including their tailings' ponds in order to protect what little aquifier layer remains in NV.
All those additional planned pads take enormous amounts of underground, aquifier depleting water to operate, something Nevada is horribly short on right now and into the foreseeable future, according to the national news coverage. Seen pix of Lake Mead lately? I'm guessing the big boys already operating there are opposing anything that might remotely impinge upon their own ability to get water and run existing operations, such as CDE-Rochester to the North of PGLC?
Asanko Gold's announced the ore found at its newly discovered Dynamite Hill Deposit - found on its Asanko Complex - is similar to the rest of the gold the company plans on mining.
The company expects to start mining this gold in about a year, bringing production ahead of schedule.
Non-anticipated Dynamite Hill discovery has immediate impact on the company's near-term cash-flow.
More at Analyst, Ben Kramer-Miller updates 7.29.2014
What has come of your "cataclysmic disaster for xxxx and Royal Gold" re: deposit title.
An update would be appreciated since there has been no more information proferred in the last 30 days.
Thank you or bringing this matter forward.
Honig buys 1mm more on 31st, and 470K t'day. Evidently there is one final push to raise the remaining 6mil the company wanted when announcing the 1st tranch of PP on July 2 of $15mm but only raised $9.2mm acc'd to SEC filings, paying a whopping $881K to 1 corporate fundraiser for their services.
Honig was joined by Frost who filed form 4 indicating another 400K share purchase to add to his pile of tissue paper.
Must have hired new paperpushers at PGLC to need a 50% bump in total funds being raised over last year's $10+mm which BH took down almost all of, personally.
These latest filings should not surprise...the 2 boys have to maintain their percentage of control over voting stock with the teensy stock of new PP players suckered into this going nowhere anytime soon E&D.
Can hardly wait for the rest of the PP participants to find out just what surprises Lawyer Alfers has for them when it comes time for them to try to cut their losses and run as PGLC continues to struggle and struggle and struggle with their execution of the siren song plan to put RC back into production.
Cry me a river.
Is this the link U were trying2 post, Ace?
World Reserve Asset Management discussion
I'm sorry, EECdn. Are you speaking to me? I'm not aware to which stock you are referring. Sorry I'm not more help.
Thanks, Janice. Once again. :)