Longs hold this because management has successfully taken three other companies from nothing to sell out and made a PILE of money for themselves and others. They now have 9.58MM Au ounces equivalent resources (M&I, Inferred). It takes some time (5-10 years) to go from an early stage to late stage exploration company. PZGs time is nearing and late 2013 possibly 1Q2014 is going to take off with a takeover. Producers are constantly looking for new reseves they must replace.
Put your cash in PZG, have some patience, ignore the idiots that constantly spew bullhonky,and you will be handsomely rewarded with a $12 - 15 PPS.
The folls will vanish from the board and your wallet will be overflowing.
Cheers from Houston, Texas!
Could not have said it any better than that, Howl. Friday's drop was nothing more than tax selling/rebalancing. Loved the action AH popping up to $2.26, buys at $2.17, 2.20, etc.
Buying more at these prices. Happy Holidays
Sentiment: Strong Buy