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Paramount Gold Nevada Corp. Message Board

  • inbounds7 inbounds7 Jan 8, 2014 10:24 AM Flag

    Down again

    Does anyone recall when this stock last had an up day. Even after tax loss selling all it can do is go down. Amazing.

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    • s4381314 Jan 8, 2014 1:51 PM Flag

      This stock is on downtrend for almost 2 years.

      Where is the bottom?
      Nobody knows since even Crupi stopped buying stocks.

      Where is the news to propel the share price?
      Gold market has little influence in the performance of this stock. What helps is the news released periodically by the company, but there has been no significant news released since fall 2012.

    • One more point- They have real assets and no debt. Has got to be worth more than a market cap of $130 million. Almost 10 million ounces of gold in the ground. $12 billion street value. These mines are located in good areas where stuff can be scaled up more cost effectively. Let's say $100 in the ground cost. $1 billion worth. 1/12 of the out of the earth price. This gives you a price of $6.25. Even if 1/3 of the stuff can't be minded, then that's a price $4+ The stock is trading at .85. In essence, one of the mines is completely discounted and the other is free. Does that sound like a rational market? All this while many experts such as Gerald Celente are predicting a weak dollar later in the year...actually a possible devaluation where gold and silver could skyrocket. This has got to be a world class buy. Clearly the market is being irrational to the downside...

    • I agree. I have quite a few shares so it is bothersome to me. PZG is a good company with excellent assets. I wonder where this thing is going to settle out.

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