Now that the unfortunate, bureaucratic SEC thing is being solved and out of the way I hope that the shares will move up where they belong. After all, the recent drilling results should quickly bring my shares to the 4 dollar range. Why ? CLAVO 99, my investor friends. And...CLAVO 99 gets bigger with each assay result. When I close my eyes I can see and hear the massive drills grinding into the precious metals beneath, thanks to the clever geologists who seem to be able to sniff out exactly where to place the next hole. At this current share price I will be loading up again, can't miss this opportunity. Just as Elvis Presley taught us : " It' now or never "
Furthermore to your above stocks you suggest that people buy AND USE STOPS, so when you short the stocks, take out their stops and rip the people off. Not nice !!!!!!
Paramount Expands ‘Clavo 99’ at its San Miguel Project
posted on: March 30, 2008 | about stocks: PZG
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Paramount Gold and Silver Corp. (PZG) continues to report good results from its drill program at its San Miguel Zone of its San Miguel project near Chihuahua, Mexico (Paramount owns 70% of the San Miguel project). The initial goal of the drill program was to obtain additional evidence of near surface mineralization encountered by sampling and trenching in the vicinity of historic workings. Targeted mineralization follows a strike length of about two kilometers along a well defined contact of andesites and rhyolites. More importantly, Paramount has enjoyed good success locating deeper and higher-grade veins extending below the near surface mineralization, which it refers to as ‘Clavo 99.’
Drilling at San Miguel Zone, San Miguel project
The latest drill results have extended ‘Clavo 99’ about 150 meters to the south (SM-21, SM-22, SM-23) and 50 meters to the north (SM-24), encountering mineralization at about 50 meters below earlier drilling. Drilling of ‘Clavo 99’ has defined a mineralized zone with a length of at least 400 hundred meters, presently dipping 200 meters. Mineralization is open to the north, south, and at depth, and is increasing in grade at depth. These are the characteristics which lead Paramount COO Larry Segerstrom to comment “that this high grade body may be much larger than previously thought… In appearance, grade, and mineralogy, this body of mineralization remains very similar to that of nearby Palmarejo.”
Mineralized Contact area and Drill Result Crossection
The deeper drill results to date demonstrate a nesting of mineralized veins along the contact of andesites and rhyolites. The mineralized zones summarized in the table are intended to demonstrate the numerous mineralized intercepts encountered in individual drill core, which may suggest broader mineralization along contact. The summary does not identify higher grade veins encountered within the summary of mineralized zones. For example, drill hole SM-20 included an intercept with a true width of 0.92 meters grading 2.5 g/t gold and 1,615 g/t silver, with a combined gold equivalent grade of 29.43 g/t. In addition, drill hole SM-15 included an intercept with a true width of 0.60 meters grading 4.85 g/t gold and 1,785 g/t silver, with a combined gold equivalent grade of 34.60 g/t. While these are among the highest grades encountered to date, they provide an additional perspective of the grades and character of the mineralized intervals.
click to enlarge image
The drill results demonstrate higher grades continuing at depth. Paramount is anticipating assays of drill results for holes SM-34 and SM-35, which may intersect mineralization at a depth of 250 meters, and SM-36 to SM-39 which could extend mineralization to a depth of 300 meters. In addition, the Company plans to complete follow-up drilling to SM-21, SM-22, and SM-23 to improve confidence in the definition of the southern extent of ‘Clavo 99.’ These results may be important for early confirmation of our investment thesis that the San Miguel Zone demonstrates strong similarity to the nearby Palmarejo deposit.
Paramount has an identified resource of 35.8 million ounce silver equivalent resource. Based on the success of Paramount’s exploration program to date, expansive and well positioned land holdings, and recent success at its San Miguel Zone, we believe there is good potential for the Company to achieve their goal of identifying a 1.5 million ounce gold equivalent resource in 2008 and provide additional visibility on its other projects.
Disclosure: An affiliate of the author’s employer provides corporate advisory services to PZG
For some unexplained reason this message board went missing entirely for about a week.When it reappeared the previous messages and discussions were not included.
On a blog at the Frankfurt Stock Exchange is a story about the global uses of gold . In it was this bit of info.: "Caishikou" is a Chinese wholeseller of goldbars. At the recent change of the Chinese New Year hundreds of people stood in line to buy goldbars. These had special engravings that marked the New Year of the RAT. Within 90 minutes they sold 200 kilograms of gold. Figure that one out in terms of money !!!!!!
Lay down and cry.
You guys are fucked. Who knows when or if PZG will be trading again. New CRISP numbers take time. (And that is if you are lucky)
I sold out a few days ago.
7400 hedgefunds in the US I have recently read. I fully agree with you that the SEC is bulleying little companies for no other reason that they have questions about their Cusip number. When you have legal stuff to take care of you hire a lawyer, right ? and if the lawyer screws up he is gone and you are stuck with the problem. That seems to be the matter here. The press release of today by Paramount says that they are working at this. After having been like this for 3 or so years it must take a bit of searching to get the pieces together to find the details to solve it. As it has nothing to do with the actual mining business nor with running the company I have no doubt that it will be solved given time. It is nothing really that worries me since I am long and will hold on to me shares, maybe even topping it upon trading resumption.
If you are short PZG, you'll probably buy back at a good profit when trading resumes. The stock went down the last time trading was halted, and it will probably head south again. Management needs to get a handle on this problem because it undermines investor confidence. Perhaps they should go back and re-list on the OTC where they never encountered problems like this?
Rest assured that management is on high alert to solve this CUSIP Number dilemna, any company's management wouldn't want such things to linger. To my opinion.....the SEC is over-reacting. PZG has the best quarterly reports ( and yearly )of all the stocks in my portfolio. They shoot straight. Time will make you forget this scenario. Just look at the assay results.