InvestorsHub Logo
icon url

jr gold bug

10/22/10 9:29 AM

#11944 RE: carhauler #11940

PCFG Has been around for awhile, 2005 over $1, 2007 I bought in @$.20! I've been watching awhile now, and have a good feeling
icon url

uwf2466

10/22/10 9:29 AM

#11945 RE: carhauler #11940

I agree with you. What makes the potential of PCFG any different?

My take, confidence.

Confidence in will they be able to get the gold, where is the captial coming from to get the gold, why keep 5 BILLION shares open, why is website not updated, what is the status of NI43-101, what is the status getting of the pinkies, etc.

One point about the A/S, the management team holds over 50%. If the A/S was reduced we know that dilution is not an option. If they did decrease and had to turn around and increase, that is sure sign that dilution will probably happen. It's a matter of confidence with regards to what they can do with 4.3 billion shares.

We invested because of the potential, with a little more time and patience, we should see a nice appreciation of our investments.