Silence is always golden,, REDG Will be a hot little stock within the near future..12 Out Of 12 I have been right on the nose . Starting with GOOGLE ! ( Hello ) Looking for REDG & PGLC To have a great breakout within a couple of Week's !!,, Hey just bought a Mercedes, ( I need Money ) 1987 560 sl Roadster. Just in case,, Excelent potential to tripple my Investment.. Serious Jump all over REDG, & Do check out PGLC,,,,, Millionairs are jumping all over this one..
Once again, what worries me about all these stocks, not just this one, is when you get a major piece of good news, and the stock drops like a rock, instead of showing some upward movement. Major release of a real product by Christmas, so there is a real product, to be sold and can generate revenue. So why the drop in price?
Again, here is what I find perplexing about this. The stock price on the PGLC stock is being generated almost totally by peoples belief in the management company. They have no product, have commenced no operations and have nothing but negative cash flow. The price has been fairly stable, in the .38 to .47 range for quite a while. From their own report:
"We are an exploration stage company with no operations and we generated no revenues for the three and six months ended June 30, 2013 and 2012."
How does this seem like a better deal than a company with a product that can generate revenue? Times are tough? Sure. No one will buy comics or other graphic novels. Well, I dare you to get a ticket for next years comic-con. That event is sold out instantly. So there is huge interest, and demand.
These are some of my thoughts. Not saying it's bad to invest in PGLC. But it seems extremely speculative.