If you think you can get a sale, go for it. Meanwhile, back at the ranch, I'm buying. Someone said you have a sale going on?
Be careful what you wish for!!! PZG has no jv capital forcing them into a royalty position cash flow possibly paying g&a expenses while taking the property off the market further lessening the pps. JV is not a good plan for an exploration company. Investors will drop this stock like a bad habit PZG will dilute the stock again to raise capital for operations further reducing the pps value. Let's hope a buyer comes along before the dilution contributes to a less than $3 buyout. Think about it.
The bear trade here is delisting. Obviously this present challenges for future capital raises.
Paramount is likely 4 months away from being delisted unless they can provide some value to the street.
They need to keep the PPS above $1. Fall below $1 for 30 trading sessions and the process starts..
Sentiment: Strong Buy
Your an idiot if you think Crupi at the helm is a wise decision. This tool's plan isn't going to work. He has to go.
The company will sell if you can wait. Best to sock drawer it and read the news that PZG sold some time in the future. Not likely very soon. Good luck to all that stay with it.
I noticed the outstanding shares went up again from 157 to 161 million shares. We know how they're financing the feasibility study and 4 drill rigs now. Pzg adds about 5 million shares to the float every year. This dilution keeps the share price down. When I first bought in, there were 147 mil shrs, then 155, 157, and now 161.. I sold 25% of my position at $1.00, I'm just getting tired of waiting, and the gold/silver prices remain depressed.
That has always been the PZG exit strategy and will likely happen when the price of gold hits the 1500-1600 range, possibly before. Depending on the price of gold, my guess is 3-5 low 5-7 high. Would love to be wrong and the shares sell much higher. When you are long PZG; you are long PZG.