Replies to post #92170 on Pacific Gold Corp fka PCFG

[Phred6]

Let's wait until the actual numbers come out. We do know that little if any mining went on in the first quarter and that money was tight. The new notes were $225,000 on April 25th and $495.000 on May 11th. So it's highly unlikely that much mining went on in that time frame. Their focus was on cleaning up the water as it should be. The help wanted ad didn't come out until May 30th. The facts don't support your suppositions. Your supposition of a 100,000 stockpile is a bit of a stretch; they mined 35,300 in the fourth quarter when they were mining full bore. So it would seem that you're saying that they've been able to eke out roughly 9 months worth of production in the past couple of months. Remember, they had $3,841 in cash at the end of the last quarter. Where did the money come from to hire the drivers and operators for the mining operation? And then of course, there's the money for renting the trucks and other equipment needed, where did that money come from? Unfortunately, there are a lot of reasons to believe that you are wrong on this one. \V/_

[Wolverine1997]

and the last post I did on the 1st Qtr Mill results showed PCFG was running at 126 cubic yards and hour. This would put PCFG running at 84% of the 150 cubic yards an hour.

So it would not take PCFG much to get to the 150 Cubic Yards an hour IMO.

[Jcrou73]

Fox, even if the are mining " full speed" ahead, isn't it a double edge sword for the investors?

To clarify, the last loan pcfg took authorizes 150,000,000 million shares with a one time right to exercise 4.99% of outstanding shares at anytime. By my calculation they can sell about 42,000,000 shares.

So lets assume pcfg is full steam ahead and producing, once the news is released and and volume and pps starts to climb, will the dumping begin by the loan holder? And will this in effect dilute and decrease the pps?

Curious to know what you think?