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They are not, I spoke to NDEP and they needed another 2 months approximately. They have not submitted any new plans yet.
You've appeared to be the most accurate around here.... so, what's the next thoughts on where this is going. Any hope for us longs who bought much higher can get out?
Since I know from NDEP that they still need a few more months before they submit anything, you expect news to start around May?
I received the following from NDEP today:
We have a verbal communication that indicated the Black Rock Facility would remain in temporary closure for another 2 to 3 months.
Regards
If your average was .01 then it needs to go up 20X to be even.
So.. .20
If your average is .05 then you need it to go to 1.00
That is how I understand it..
I had the same response from NDEP this week... I have my usual contact who has been very forthcoming and prompt. I emailed earlier this week and asked if there was anything new to share. He said no. There has not been any new plans submitted to NDEP. I can't imagine that Trapper and I are talking to the same person... but both have substantiated that they have not submitted a new plan for reopening.
When I hear something different, I will certainly share.
Funny how that seemed to go under the radar - I never really noticed that. One has to believe that was generated from complaints from shareholders on their disclosures to date and the drop in share price.. No? I am glad they are being scrutinized and hopefully breathing down their neck. Either get your sh*t together or close up shop but stop giving partial information.
Thanks for the link.
No value in Vanguard
I have no idea, I was merely sharing what was communicated to me.
If you would like more answers I suggest picking up the phone and making some phone calls.
Remember, and as I stated in NDEP response, take it for what it is worth.
NDEP can only quote what PCFG told them, which means its all speculation. Unless or until we hear that they have submitted changes to NDEP it doesn't mean much. If they submit changes it means they are somewhat serious about trying again. But PCFG could have told them they had the best mining professional in the world retained and it's not like they have to provide any documentation at this moment.
Heard from NDEP today, take it for what it's worth:
My name is Matt Donaldson and I am the new Water Pollution Control Inspector for the Black Rock Canyon site. I conducted an inspection of this facility on November 5, where it was mentioned that the site has been in a ‘temporary closure status,’ since October 19th. It’s my understanding that the temporary closure will allow the operator to deal with some fines and fluid management issues prior to resuming operations in spring of 2013. Ms. Pam Monahan, Office Manager, mentioned that she would provide NDEP a 30 day notification prior to resuming operations. Nevada Rae Gold has retained Scott Ackert of Redstone Environmental as a consultant to deal with compliance issues. He may be able to better narrow down the specific issues at the Black Rock Canyon site. His contact information is 435-840-3540 scott@redstoneconsult.com. My apologies for the delay in responding, I’ve been out of the office for the past week. If you have any questions or would like to discuss anything in detail please feel free to give me a call. Regards,
I haven't looked at this page in a long time, has this been updated recently?
http://www.pacificgoldcorp.com/corporateinfo.html
Stock Symbol
PCFG: OTCBB
Shares Authorized
5,000,000,000
Shares Outstanding
881,811,185 Common
I have Vanguard and I see them this morning... no value to them yet but they are there.
How many emails full of hate and discontent do you think they receive weekly?
I did email my contact at NDEP who has been pretty helpful and prompt when I have contacted him.
I asked him if they were in temp closure, when they planned to reopen, if at all. If any plans have been submitted etc. etc.
His response is below, if or when I get anything worthy of sharing I will do so.
I do not have any new information at the moment. My inspector for that site is out in the field all week. Check back with me next week and I may be able to give you an update.
I'm thinking I will pick up 5M for .0002 at this rate. End of year selling isn't over yet.
http://dockets.justia.com/docket/new-jersey/njdce/2:2012cv01285/271501/
for those that haven't read as of yet.
if the days range was .0005 to .0007 what makes you think it's not going to .0004?
We will see .0004 before we see .001 This isn't going to move until 1st quarter next week with new funding going on and end of year selling. I'll be buying at .0004
I appreciate the feedback...
Does anyone have any issue trading pennies online (no phoning in orders) through TD Ameritrade?
What are commissions?
Looking for feedback, Vanguard no longer accepting buys of any stocks under .01 at all. I would like to open a 2nd account to be able to trade. Looking for one that I can trade online, no phone calls and what are fees?
Thanks in advance.
Interestingly I just go off the phone with Vanguard, they will no longer be trading any subpennies at all. You can sell what you have but you cannot buy.. any of them. It is a new policy.
With that said, who does everyone use that you can trade online without calling in?
Your efforts are always appreciated. Seems PCFG isn't going to stay entirely silent for this quarter, they are going to throw out news here and there, which is good.
Good news...
So sorry for your loss Lowtrade.
I've seen on other boards people posting the same thing, it's not just PCFG.
I think .0005 is more like it.. and it will be around .02 by spring pre split. They have JV that got shares for heck of alot higher than this share price to sell and they ain't gonna be happy unless this goes back up so they can sell. But hard to believe they could get more funding....but I'm sure they will find a way... :)
JMO... who really knows
Hi Trapper, no, I completely understood that. I guess I am foggy on the history on what BME rec'd initially and what they wanted now. I would have to dig in and read... just making the same point as Blue Dog that it is in PCFG interest for this to be closed and worthless at the moment until this is resolved.
Just had a thought, and I bet Trapper has the answer - what was the share price that BME received at that time? My memory is foggy to say the least and I do not remember any of the details of their agreement so if I am off base here, feel free to straighten me out. Sure would be convenience that we were sitting at that instead of .08 during all this now isn't it...
That is really an interesting thought, no doubt that PCFG have handled things to their benefit through this whole thing but your statement makes one wonder that if they drove down price/closed up shop until this was over on purpose to show the courts it doesn't have the value BME was suggesting?
I do not have conspiracy theories that PCFG is actually doing great behind the scenes but doing this on purpose but it sure can't hurt to decide to not fix alot of problems while someone wants a piece of the pie...
If I had to guess, we will fall under the end of the year with tax write offs...don't really see any upward movement until Jan/Feb...
I rec'd my shareholder information yesterday in the mail, and my husband's came in today. For that alone there should be a re-vote..
New funding will probably be in the .0004 - .0005 range if I had to throw out a guess... we will go lower over the coming months.
I think when I looked at a long term chart we are around 2010 prices currently...
That is exactly my strategy for 2013... accumulate, wait for the PR's to start and retail buying to start, exit break even or if I'm lucky, a profit.
Well we know that they have to get this pumped back to the .02 area at some point as they did receive some VC funding in that area.. correct? or was in in the .01 range?
Still think we get the spring time push of news as they have a whole lot of funding out there that were promised a profit. Lowtrade offers valuable insight into this game and although I had hopes this was different, it is not.
So, I'll play the game and I will bottom feed over the next few months and get out on the next push up...and if they actually pull off a producing mine.. all the better but I am not getting emotionally attached to any stock again.
As they say, trade the story..or something like that LOL...
EVeryone, enjoy your weekend..
We've known this for a month...
Trapper, would you mind explaining the benefit to PCFG for this?
Also, there was talk on Lowtrade that this is something companies do when attempting to go private, explanation on the pros and cons of this as well?
Trying to get a better understanding of the chain of events and what direction this whole plan may be going.. other than the obvious... us getting screwed :)
I agree completely it was all planned.. and agree that March appears to be when this will come alive again, and not before. It doesn't work to their advantage. Plus they will have new funding for the 2M that they will have to pump up as well. So between March and July, otherwise hibernation.
I will average down again... I think... will get through the holidays and see where we are at.
If they are closed for 3 months that takes us to January/Feb, then another 2 months for NDEP to approve plan.. again, lines up perfectly with the March/April timetable. They will start with the upgrades have been done, waiting on NDEP approval to get excitement going...all opinions...who the he?? knows...
It wouldn't make sense to do the R/S while they have closed up shop because exactly what you said would happen.. if they at least coordinated it with reopening and good news it would perhaps help? All speculation, will be a long winter waiting it out...
Your efforts are appreciated by many!