Don't think you are but hope you are right. $20 would make me very happy
I was in and out of PZG several times. Made money until decided to stay now it's unknown what their future is. Sleeper very low grade ore not going to be easy to sell in this market. Gold in the ground isn't worth very much. $20 to $100 oz compared to mined gold Silver is priced gold equivalent in the ground. 50:1 oz or more. Look at the latest issued reports on sleeper; pick out a number between 20 and 100 an ounce multiply that times the gold leaving out indicated' divide that number by outstanding shares of pzg to get a rough idea of the value of pzg if sold. CDE is bleeding money with silver prices where they are but there's a better chance of CDE recovering than the old pzg getting back to $4 share. It will be a long wait. JMHO.
The simplest approach is to look at the number of outstanding shares now vrs before. Take todays price divide it by twenty and you see the pre 20:1 reverse split value of PZG. Not exactly what happened but it will help you realize why the pps is higher now than it was. I'm curious about the new management team and what this group will do. Think I'll stick around for a while to see what happens. To each his own on sell or stay.
He has a new reality show on British TV "Downtown Eddy" about a guy that posts on yahoo and people try to humiliate him for his efforts. Lots of free material on yahoo message boards for the show.
Good policy. CDE being the only logical candidate for San Miguel shouldn't be a surprise that negotiations have been ongoing for some time. Posters have been speculating for years about CDE buyout. I posted 3 years ago that PZG should sell off individual properties because their holdings didn't seem to fit the needs of one company.
Paramount Gold Nevada aka PZG-WI aka Spinco will begin trading Monday 4/20/15. See if it makes sense then. Let me know how you like the huge reward. You have a PZG share valued at $1.27 and then you trade 20 shares or $25.4 for one share of PZG Nevada with a value of $2. I'm missing the reward here.
Good luck. I'm going to ride CDE for awhile but dump PZG-WI aka Spinco. PZG sold the real value they were holding to CDE. Sleeper will remain dormant until gold gets back to the high numbers. The bulk of the remaining Mexico property needs drilling and development. Same problems as before....cash poor.
Definitely added value. All depends on the price of gold and silver plus cost of production. Long term return on CDE stock because of current pricing. Try Edmondson on CDE, he's a little too pro CDE but it's not all bs like so many on the boards. He definitely has a watchful eye on CDE and knows its every move.
CDE today $5.69 x .2014 =$1.14 PZG-WI today $1.95 divided by 20 because one PZG share is 1/20th of a PZG-WI share or .0975 cents. Add $1.14 plus .0975 for a PZG share value of $1.2375. PZG closed at $1.23 today.Not a coincidence in my opinion.
Most days you can multiply the share price of CDE by .2014 and you will get the same day price for PZG within a penny or two. Now that Spinco aka PZG-WI has a published pps,($1.8 yesterday) you have to factor that in to get an understanding of the daily price of PZG.
Roughly equivalent to value of stock holdings if sold at this price vrs selling CDE equivalent(PZG sharesx.2014) at current price plus selling PZG-WI at current price of $1.80. Do the math and you will see.
As previously stated, Spinco shares will cost. I expected 10 PZG for 1 Spinco but it's 20:1. The method of operation by PZG was to buy property with shares. 167 mil/20 leaves 8 mil shares outstanding. I'm out at that point. Share value not likely to be higher. than original issue for some time to come. Good luck to those that stay with it.
Let's see what happens. You may be right
agree. Wouldn't be surprised to see a little lower. Looking to buy 12 or below.