CRGC share swop - ant day now
PEA report - any day now
$13 mill financing for this year to stay on track with this years plans - any day now (this is the big one for me)
Full listing - later this year
More drilling results - later this year
Plant ready for production - 2014 (50K ounces)
Each one of these events should help lift the shares to $1 plus.
With the number of shares outstanding they could push this to 1.50 do a 5to1 and be left 53.3 million shares with a third of that held by insiders. Wow, max you better keep it. There is no need to do a 10 to 1 to get over 5. Check into SAND, they did a split this year similar to this scenario, will out really well for them, sent them to 15 bucks.
jvck - it is a stated intention by PGLC management and makes a lot of sense - the guess part is when - but nothing to say it could not be achieved this year - reverse split is all they need to qualify.