Replies to post #85453 on Pacific Gold Corp fka PCFG

[Chase Ferguson]

PCFG is mining!!! We knew it was going to be under expectations for Q4 2011 form all the repairs and so forth. I can;t wait to see how they have been doing NOW! Could they release results early?

[hallucinated]

key note: its recognized as revenue only if its officially "sold".

Revenue Recognition

Pacific Gold recognizes revenue from the sale of gold when persuasive evidence of an arrangement exists, services have been rendered, the sales price is fixed or determinable, and collection is reasonably assured, which is determined when it places a sale order of gold from its inventory on hand with the refinery.

PCFG is keeping most of it as "inventory"

Inventories.
Inventories are stated at the lower of average cost or net realizable value. Costs included are limited to those directly related to mining. There was inventory as of December 31, 2011 of $288,982 consisting of metals inventory and stockpile ore.

[nagoya1]

Any chances that we see any 0.004 for sale according to some posters, not going to happen is it. I did have all my empty bottles for sale in case it happened but I will have to buy more shares at around 0.018 and up for now. The 10K report was what to be expected, they are just beginning to mine, the projections will be interesting to see however. Get all the air that you can, we are going to run very soon.imo
GLTA

[Chase Ferguson]

Can you explain your discrepancy to us, Nobody3? Was it an attempt to induce a sell panic or did you just read the report wrong?