I reread the latest report again
it doesn't look like it should be considered catastrophic to me. What do they mean by "reconciliation" that's the key word. does it mean they have revised their production results down 75 % from what they expected for drilling results in that section (1200) they were working on, but they explained it in relation to the whole mining plan. it was part of the plan to drill where they did, knowing that it was a lower grade density, etc, and now they are moving forward with their plans to continue working the mine development, and they expect to know more in 6 to 9 months, for future guidance. They know they have high grade gold elsewhere, but they are following a plan. They must have anticipated the market would slam this down , maybe that's what they wanted to happen, maybe this is a form of dilution. I don't know how sophisticated the game is, but it is a chance for us to buy at prices far below the "Technical target zone" which in my view was around 9 dollars and 8.50 area.
But Look at the chart and see how volatile PVG has been, to collapse from 12.40 to 7 dollars....wow. that was the last time. this time, same thing again, but for different reasons. Last time it was to pay for cost of mine development. This time...? looks like market driven sell off, but way too overblown. I will buy more around 7 dollars. Did you buy any today at 7.50 ? I was tempted, but ...maybe I'll wait to see what the next drop looks like if we get one. 7.25 might become a station, before it hits 7.
... and the thing about PVG...its volatile In Both directions...important to see... after it plunged down from 12.40 to 7 dollars it surged right back up to 12.50 again. that was overblown as well in the upward direction. finding some kind of mean balance level ...is still to be determined. It was looking for a while like 11 dollars or maybe it would be 10 dollars. The bottom zone was looking like 9 dollars, but now were looking at a giant Range pattern from 7 dollars to 12 dollars. what a ridiculous chart picture . Talk about Volatile. Are we looking at buy 7 and sell 12? Somewhere in between is a sane realistic balance point. around 8/9/10/11 area
So we're getting this volatility , when they announce great drill results we see a giant surge to 12 dollars and when they announce some kind of "poor results" we see a plunge back to 7 dollars?
how stupid is that.
News 
Market Data 
Discover 
