Do I read you correctly??
1. Warrants will expire, but have no effect on SP.
2. I think the last target price was about $0.91. That will be lowered substantially even with the offset of the new NI 43-101 because of the POG.
3. No doubt that Q1 gold production was very low. Maybe 8,000oz, since new equipment was acquired and balancing made during Q1 as explained in the MD&A. Q1 filing is November 15th. Current quarter may also be low because of POG not ability to produce, as posters here suggest, there is no point in producing and selling so cheaply. Share price will be governed by production and not earnings is what I inferred from your post.
DESPERATE TIMES...will cause entire company to be sold for $0.60/share more or less very, very, soon!!! Large stockholders will quickly accept that amount along with BOD.
THEREFORE AS I UNDERSTAND YOUR ANALYSIS, SP WILL GO UP APPROXIMATELY 100% BEFORE THE END OF THIS QUARTER!!!
That is where I get lost...Are you saying one should quickly sell before it goes up due to the buyout, or should one quickly buy as much as possible at this level because those new shares will double in less than 90 days???? Please clarify your post recommendation based on the three things that are guaranteed to happen.
Most here seem to be standing still like a deer on the road caught in the headlights, or crying in their cribs! Trading in Canada, but not PTQMF. Seems like an eight or nine fold increase in shares right now, above current holdings, would be guaranteed a very handsome return in short order. That is the great benefit of penny stocks, takes so little money to make a good return if you know what is happening.
Or if you are wrong, and the company is not sold off very, very soon, one would just have a bigger piece of this growing little pie. What am I missing here??? Seems like a winner here either way to me!!! Volume should skyrocket next week so there will be plenty of shares available.
