Replies to post #86810 on Pacific Gold Corp fka PCFG

[Wolverine1997]

Nobody3 and if you listened to the call you would have heard Rob say selling shares at Stock Market price is no Delution so get off the delution kick because it is clear you don't know what Delution of shares is.

[Wolverine1997]

Also Rob answered my question about shares and the selling of them. He stated that the BRCM is almost self sustaining. The only reason they will sell a million dollars worth of shares it to add and upgrade equipment for the Mill. They already have a water engineer team working on the clean water issue. Rob did not mention with the current water problem the mill is not doing production. He did metion the Mill is running 8 hours out of the 12 hour work days. Just like any start up company the first few years after production starts up you are not showing a profit and are writing things off for tax purposes. Just because PCFG shows know profit, as Rob stated, the mill is pretty close to self sustaining. So with 824,125,389 0/S the current value of all those shares is $14,834,257.02 so how is that delution?

[techtrade]

You cant possibly know that the 1Q will be as bad as the 4Q. With the new geologist, they may be mining from areas with a better gold yield.

Water problems are significant and being worked on, but as long as the gold/gravel ratio is better, they should be able to reclaim more gold even before the water issue is fixed. That's my take on it anyway. I'm certainly no mining expert but it seems like common sense.

You also can't know that they will be diluting any time soon. I believe it was said emphatically that there were no near term plans to raise capital, but it was something that would take place eventually either through stock or income if NRG was generating revenue.