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Yep. RoboTrader is a realistic poster rather than a pom pom cheerleader. I was reading his advice even last year. I got out of PCFG a long time ago, but I noticed it was climbing recently and went and sniffed around for news, but there really wasn't any news worthy of investment.
It was climbing on absolutely no real news. A news wire report that someone hooked up a hose in front of the property to wash the mud off his tires was driving the pps up.
Someone obviously made a bundle over the last few days. I still do a lot of short trades, but not the pennies. Good luck though...I'd have sold at .05 or .06 tops. If Robo's telling you to sell, why not do it? Take the profits and then go bet on real stocks. Short US banks or ride them up just based on the condition of Euro debt. It's easy. But the way this stock was climbing, you'd think they were pulling out gold bars daily, when that was clearly not the case. C'mon people.
I'm hanging onto SUF. I bought high--but not many shares. I later bought more under .18 and averaged my cost down quite a bit.
I think the future will definitely benefit oil companies and that SUF will have a rebirth in time as an enhancer of raw petroleum products. They benefit on the periphery of the oil industry, but they have proprietary technology, which is crucial to profiting.
If they can hang on, they could really see an upsurge in the future.
I wouldn't call SUF a dead horse.
I just want some production. The PPS doesn't really mean that much just now. It can only balloon so high without real earnings. With real earnings or production even, there will be an immediate upsurge in interest and the PPS.
That will cool as people then estimate the earnings this company will probably be able to make. At that point, I'm sure the PPS will drop a bit given the number of shares out there right.
It's fun to imagine what it would be like to sell at an average of 75 cents a share someday. Would be nice. It would be nice to sell at a dollar a share. But...okay, a nickel a share is probably too low. Maybe if all goes perfectly, selling at 20 cents a share might be possible down the road. That would be party hat time.
Exactly. I expect this. I wouldn't think the PPS could get out of a nickel a share.
Japan's in shambles. Massive selloffs on all my other stocks and ETFs. Dow's slid considerably. Then the little action here at PCFG. It doesn't mean anything--also there's no purpose associated with it. What would be the motivation? There isn't any. The stock probably got pumped a little.
I definitely wouldn't be breaking out the party hats. There has to be real news--like the successful test in 2010. The recent stuff isn't news. Just barely an update.
There will be enough news in the future and enough upward mobility in gold prices, that I'm betting there will be upward pressure in this stock. Now, if they dilute, then we won't see it in the PPS, but if not, it ought to go up. I certainly wouldn't stick a fork in PCFG at this point and don't plan on liquidating my shares.
Some people have held on to shares of this stuff for years. To those people, if this stock doesn't run with the gold prices the way they are and the way they're going, then you seriously need to rethink your position. I can clearly see this, and you should too. If PCFG doesn't run up this spring or summer and drifts horizontally yet again, as it did when gold was half or less of what it is now, then I'm prepared to call this company 100% monkey business.
In retrospect, it seems sensible that PCFG didn't take off in 2005 or 2006 when gold prices where half what they are now. But at 1400 an ounce, you're deluding yourself if you find the price per ounce to be the main factor in a failure to be profitable.
"When it's 2,000 an ounce, then PCFG will really make it."
Yes, this is true. But this shouldn't be used as an excuse for failure this spring/summer. It's just a trap. It's now or never.
Point taken. I found the Knelson website and did some reading on their technology and its applications to mining. Maybe things will be good for PCFG after all.
We'll see.
In the middle of a price spike, when the sky is the limit, is your time to sell. Have to remember that that.
I don't know what it is...where it is. It's there. I made some money off of PCFG last year and used some of it to reinvest back into PCFG promptly negating that portion of my profits as it sank like a rock.
I'm learning as I assume many are. It's surfing. No penny stock wave is going to take you to China. You ride lots of little ones near the shore, getting on and off new ones at the right time and gradually go broke :)
But it's fun. I have to admit, it's definitely fun.
This news isn't going to get a lot of new investors in and of itself. More is needed. It's just a quick public release. I don't expect any movement in the pps based on this information.
But if there's production news that's as good as the test news late last year, then of course, things can really take off. That's when dilution will be quite tempting to the company and a whole host of other things. Gotta keep yer eyes and ears open at all times down here.
You have to see the dollar signs in the eyes of the corporation. They hear a cha-ching when the pps takes off because they can just issue themselves new options and cha-ching, cash in.
if it's a 1' diameter bowl that spins, why would it take 2 months to ship it. Even with ground up manufacturing. Can't be too many backorders for a 1' diamter bowl that spins. If it's just that, why not make one in your backyard. It just can't be that simple.
Well, the press release I see there, just says the unit's been delivered and is ready for installation. A timeline isn't given. We don't know what's going on with it or what the expectation is. It could be a few weeks for a few months before it's even operating.
Also, specific reductions in cost with the new unit aren't given there.
I doubt it. I can't find any evidence that this company is actually doing anything at all. Thankfully, I'll only lose 1.2k invested in this stinkbomb.
I'm not going to sell either. I'll just hang on to the shares I have, hoping they'll turn it around. Gold prices will continue to go up, I'm sure of that. It would almost impossible for them to crater with all of the new markets.
If the company goes belly up, the shareholders (we) can split up the remaining assets I guess--which will be a couple of trucks and a few empty sheet metal buildings, and probably some shovels. Maybe a miner's helmet or two.
If you have 100k shares, you get a tire + a shovel.
:)
Small gold mining companies will not explode with changes in the gold price now unless those changes are dramatic. That ship has already come and gone. 'Gold going up' is already factored in the market. People have chosen how they want to handle the potential upswing in gold--and they'll do it many ways: buying physical gold, which there is plenty of, buying ETFs etc. Many people have bought gold or invested in things already, and this gives them comfort as gold goes up. They're less likely to fumble around looking to get exposure to the gold craze. The shock of gold prices is over already.
Oil is more important than gold in the near term, and all of the instability there is probably going to drive up small oil companies right now--as long as they are producing, and especially if they are domestic.
I think PCFG can break out with news. In fact, it wouldn't take a lot of news--just bringing up some gold from the ground--some actual success and they'd be off to the races.
Sometimes it does take a while to work out bugs. Depending on the expertise. There's also the possibility that in production, it doesn't work at all and never will without a greater investment.
In chess, sometimes the threat of attack is greater than the attack itself. In this case, the last little run up on the successful test could be the best news for a very long time. I don't know where gold will top out. There is going to be a commodities bubble in the end, and the run up might last for nearly a decade according to some people. We'll see. If gold goes high enough, we'll have run ups on any news. But right now, the market appears to have factored in gold at its current price level, and it's going to take real news and real production to get investor funds.
In my experience, there's a large gap between a successful small, controlled test and production. This could be the hangup. Why report that news in a penny stock? It can only cause full collapse. Might as well just say nothing...that's what I'd be thinking if I were in charge of decisions at the co.
Crude's going up in the near term. I can't see too many scenarios where the middle-east goes back to business as usual in the near term, and there appear to be many scenarios where the problems will spread. The question is, can Saudi Arabia completely stop protests there. If they play hardball and put an end to demonstrations there, that will cause the problems in Libya and elsewhere to get quickly factored into the current price of oil, and it may not get much higher and return to 90 or so.
Even if petrol prices do spike, there's also the factor of whether prices go up so quickly that it cripples the world 'recovery'.
This is certainly possible. Expect a run up in all stocks with a faint hope of producing during this period. If it crashes, then there's a general deflationary period where everyone sells to get back into liquid assets because production and consumption get crippled by the prices. In the process, most stocks go into a nosedive. This seems less of a factor because governments are willing to use quantitative easing if they smell a total meltdown.
Many people think we're in the opening of a long bull market in all commodities, particularly oil and food, and that ultimatley there's a long run ahead of us. Being able to produce something is key.
Gold's going up, and it's destined to go up even more. Silver too. Of course, to make money as a mining company, you have to actually mine some stinking gold at some point.
Endless speculation here as to why nothing's getting done. Nothing's getting done because nothing is going to get done.
I have a lot of shares of PCFG. I'll consider it a learning experience down the road I suspect. I was looking at some silver mining companies here, and they actually had trucks and were doing work.
Not PCFG. They aren't doing jack. Have they so much as brought up an ounce of gold recently?
They ordered a machine 2 months ago. Yippie, so do something. Mine some gold.
I've read various accounts, and it appears the only person at their facility is Barney Fife, kicking a can in an old sheet metal building.
That's right. If charts really told you the whole story, mathematicians would have all of the money on this planet. I don't bother with charts except to look for a few basic things.
I've read a few books on charting, where people invoke fibonacci lines etc, and I can tell you it's a bunch of malarchy. Ascending triangles, and descending triangles. It's poppycock in the math world.
There's no proof that these lines mean anything. They mean something if traders think they mean something, and it may cause the traders to react, but there is no real, foundational principle at work.
In fact, if you're all basing your decisions on 'chart analysis', then a manipulator who has sufficient amount of stock can use your anticipated behavior to manipulate you. A person can drive a chart to look a certain way just because they think it will drive your behavior--and they can do this in more complex ways than just driving it up or down. Think about it. So, in microcaps, 'charting' is just a way for people with sizable shares to manipulate all of the chart hounds.
Much more important in microcaps is the sentiment of the people who own it and the latest news--and of course, the actual production of the company.
This stock moves if and only iff 1) gold stays high or ascends 2) they actually dig up some gold at some point next year.
If either one of these doesn't happen, it's all just a game. You might as well be playing slots.
I'm also in the stock BTW, but I know this is like Vegas, and I'm realistic about my chances here and there.
They're gonna get cheaper.
If it looks like Ireland will default, we'll enter another deflationary environment--this hurts the commodity bubbles of which gold is a part. You have to be ready to bail in that case.
If the world economy goes into a liquidity crisis (which it can), rather than more inflation from printing, then the dollar gets strong because everyone needs cash to pay their debts.
They sell gold, silver and stocks to get cash to pay their debts, and this acts as a pin applied to these commodity bubbles.
Owning physical gold is always nice even if you paid too much for it if the deflation gets bad enough. Just something people ought to be on the lookout for. I'm still knee deep in silver and gold ETFs.
We're not going to have a double dip. We'll have run away inflation instead.
The stock market may actually disconnect from the rest of the economy, but stocks and commodity prices will rise upward at phenomenal rates even if unemployment stays flat or goes up.
At some point the US gov't and fed will have to decide to pull the plug and raise interest rates, some may think. If that happens, we'll fall into a depression--not a double dip. It will save the dollar (and gold will crash like 1980),but under that scenario, we cannot pay the US debt. With all of the once private debt that is now public with the bailouts, we cannot pay all of the US debt and keep up with the obligatory deficits. The US would default.
Default is perceived as worse because it's all the bad news all at once + a serious hangover (we tell our creditors in China and elsewhere they we cannot pay the debt. They have to write it off).
Continuous inflation is easier for politicians to work because it doesn't hit the public all at once, even though it's worse in the long run (because it ends with the destruction of the dollar). China and everyone will have a hard time proving inflation. Inflation can be concealed. Default cannot.
If you're waiting for a double dip, forget it. They will not raise interest rates until they solve housing. Any time the market looks like it's slowing, they'll pump it up.
Of course, keep cash. I am because the deflationary double-dip scenario is there where gold tanks and cash is king.
And of course buy other commodities because regardless of whether things recover or not, we have limited supplies of petroleum and it's the mainstay of our energy. You have to have all bases covered, but in my opinion right now, with what the fed is doing and how impatient Americans are and the fact that we cannot possibly pay our public debt, then it's all just inflation and gold's a strong hedge for a while. Until big news of interest rates hikes come down, and right now, they're just issuing QE2.
They will continue to inflate for the forseeable future until a third party forces us to stop printing money, and they will do that by rejecting the dollar.
When just one market inflates, it's a bubble (housing, dot.com etc).
When everything is going up, it's inflation. We are in pure, 100% inflation.
You're probably right about the stock (I'm not invested in this and never invest in 'media' companies or even tech because it's too competitive for penny stocks).
In a zero sum game, you can't get something from nothing. In order to obtain something, you have to get it from somewhere else. That's what 'zero sum' means.
Thus, investing is a zero sum game. But all economics is a zero sum game.
It's just that pump and dump directly correlates winners and losers as the two parties buying and selling the stocks. In other branches of investments, the 'losers' are spread around a bit more, by way of other companies put out of business by your company, thereby giving you, the shareholder, more value and so on, or if your company loses sales to another more successful company, and your stock goes down--that's still zero sum.
In the end, it's ALL a zero sum game.
Obviously, there's no point in selling this stock. The G20 meeting indicates that rather than support the US dollar, the world will bail on the US dollar. More QE indicates more inflation--China is greatly concerned about US inflation.
Even my relatives-in-law in asia are buying up gold. Some lost vast amounts of value in gold recently due to local currency inflation.
My advice, don't sell any gold or gold related stocks. It's simply stupid at this time. That may change in the future, but today, on this Friday, to cash in on a mining company-who is or isn't liquid--is just plain dumb.
First, financing will come to bear. There will be more than enough willing financiers to get into commodities. Dollars are cheap and are going to get cheaper: that's what QE is all about.
Second, gold and all commodities are expensive and they are about to get more expensive. Look at prices. Dollar down/ prices up in the medium and long term.
If you're shorting a mining company, then you're long the dollar.
I just can't see it.
Okay. I'm trying to get a handle on geotextile tubings. Basically, tailings are what's left over when you separate the ore you're after from everything else during a mining operation. A lot of this waste is nasty(cyanide, arsenic). Apparently, the largest liability for a mining operation is properly handling these tailings. The geotextile tubes allow them to reuse water--since water passing through the tubes can be reused (tubes completely capture tailing waste).
So, if the geotextile tubes work, it will cut their operating costs and liabilities. So, it doesn't appear that the production will increase at all through this, but it does mean they can do it cheaper.
The news forthcoming is bound to be mixed in my opinion ( I bought 10k shares of this last week--I'm brand new to investing and am learning as I go). A live operation will not be as effective as a lab setting. Engineers can well expect this.
The environmental requirements put forth by the government are probably quite steep as well. It may be that mixed results are no results--they can't use this method unless it's 100% effective.
Obviously, this kind of company has a much better shot than many others. It doesn't depend on people's taste. It doesn't depend on fads. It's pure, hardcore engineering for resources. It will either work or it won't, and it will either make a profit or it won't. If it does when gold is in this state, then the moon's the limit.
It may go up a little if the news is mixed/positive.
I'm not trying to be a downer. I'm just ...offering a realistic appraisal.
I hope it works out though.