Might be some time before it goes back to $10. I think it is likely to go to 5.00-5.50 next week if gold continues going down which I expect.
Thanks ultraific2 for the reply. I dont need any style points. We both are right, we were just talking about different things (share price vs company). The share price is obviously affected by POG no doubt. I feel much safer in the explorers with prospects than in the producers right now because the producers financial performances are affected by the gold price while the explorers really aren't. The bulk sample is probably going to be between $65-75m worth of gold, dont know what it will cost to take that sample, that is the question.
The problem with the explorers here is the dilution effect from financing going forward, I wouldnt want to own a company that needs to issue shares over the next 9months, with the exception of PVG since PVG's assets are very large versus the cash they need every quarter.
Seems you have a horse in the race, better give it something to drink looks like it is running out of steam :)
Seems that is how it goes, once the price rebounds 50%+ from a bottom it is a buy while at the bottom it is a sell...
PVG will not go into production for quite some time so the price of gold does not affect its performance, it only affects the perception of the NPV of the project in the short term but when Brucejack goes online, the price of gold could be $1500 or $1200, who knows... So the price of gold being down today will have no impact on PVG's revenue... That is my point so I am right.
Can you go into more detail about where you saw what information, I dont know what producer price numbers from a few minutes ago you are referring to.
PVG is making good progress but gold shares are not held in high regards right now because the gold price is being slammed, I am just amazed that the market is filled with these noobs who dont understand that PVG the company is not affected by the price of gold, because it doesnt sell any...
Agreed anyone not selling into the phoney rally will be looking at a head and shoulder pattern with the right shoulder axed off. I think It will go back to 0.08 by the end of the week easy and by the week after to 0.05-0.
I think creditors will give him the benefit of the doubt, these kind of problems with bad management running a company into the ground are usually about creditors trying to secure a bigger slice of the pie without taking on too much risk. I am surprised that no one brought up the issue of the share price being under $1 in the CC.
POG is going to negate the improvements that Petroff has made being reflected in the share price, but of course the gold price being this low is only a short term phenomenon, I do think it will bottom around June and should rally back to $1500 in Q4 but Q2 will be important from JAG's side, if they do well they have a chance of making it long term and will get creditors' support on their terms.
I listened to it too. JAG is making good progress it appears but somethings bother me, what about the feed grade being up 30% compared to Q1 2012, is 3.3 g/t sustainable, if so how long? I have noticed other miners are also going in this direction, increase the grade and reduce the size of the deposit.
Also they reduced cost by laying of almost half their workforce, dont they need these people? It seems to me that JAG is heading in the direction of downsizing, possibly producing less at higher rates of profit. On the other hand, maybe JAG's operations were being run very poorly and they had too many people on board anyway. I cant tell yet, I have to dig in more deep.
POG is also heading back down, probably to 1400-1300, maybe 1200 who knows, that will not fare well with the share price.
A good thing I noticed is that they spent some money on Paciencia. 700k might indicate that they are getting ready to bring it back online sometime in the next few quarters.
I am sorry, but maybe I have been up too long, what is your point, and how does that affect Patriot's market cap? Recently I have seen companies with market caps of $3-5m suing a foreign government for $300m+ or with no cash on hand claim their assets (an empty desert with some mining claims) are worth $400billion based on some high-school level NI 43-101 pretense documents....
Maybe I havent been in the investment world long enough but some of these companies' management really take the cake.
Who cares who gets paid first, you as a shareholder get paid last and that tells you something about the risk. I am sure JAG will be able somehow to repay most of the loans but as a shareholder you will not see anything less than a double digit number with a minus in front of it when looking at your return on investment.
I agree with you brett, this is again one of those news releases that is meant to set up a pump and dump. The gold price being in a bear market is not going to push it up my guess is that the pumpers are trying to load up on a short position, JAG is going down. They will have to reverse split 5:1 or so and they will still be 0.40 at the end of the year after a reverse split.
I have followed JAG for 9months and from my observations someone in the company is releasing insider info to some people before press releases come out for the public. I have no trust in the company being able to give positive returns to shareholders. The fact that they are taking the money from the loan says that they are not making enough money to fund themselves like they had expected they would be able to before gold crashed.
I would advise anyone to sell/short JAG here.
I disagree that people on FB dont have a job. But I do agree that the advertising to them is a total fail and will never earn money sustainably, it is clearly not for investors looking for a return. With a P/E of 580+, it can only be viewed as seeing companies with strategic interests buying into it, maybe try to get someone on the board to guide affairs, who knows, but it is not an investment in the sense that you would be able to draw revenues from it long term so I wouldnt risk my money on it.