Paramount Gold gains approval for NYSE spinco listing • 8:59 AM
Carl Surran, SA News Editor
Paramount Gold (NYSEMKT:PZG) +1.9% premarket after announcing it received approval from the NYSE to list its Paramount Gold Nevada spinco.
PZG plans to spin off of Paramount Gold Nevada as a separate, publicly traded company in connection with its merger with Coeur Mining (NYSE:CDE).
Paramount Gold Nevada will have ~8.5M common shares issued and outstanding when trading is expected to begin on the NYSE MKT on April 20.
I'm sorry Coalporter as I forgot you wear a helmet.
To be clearer, it was stated more for illustrative purposes that coincides with the absurdity of the current stock price and mostly pertained to the more intelligent species on this thread.
Now hurry! You don't want to be late for the short bus!
Anyone surprised at The Street#$%$ piece on CDE? Just in time to create some selling for the shorts to exit some of their positions. Fact? Who knows, but that's normally par for the course with that outfit and I for one wasn't surprised when I saw it today.
Such a patriotic number.
Wait until it's at $17,760. That just a stop on its predicted way to $25,000. Coincidentally, that’s what Italy needs gold to be at right now to get out of $2T in debt.
I hear what you're saying but who really cares about what others "expect" the company to do.
Bottom line is that SLW added a boatload of money to the war chest and tripled the dividend.
Even the MSM pundits are saying it all about the cash, albeit FIAT, SLW is simply a cash generator.
Heck, with they're business model they can be the next FED, HA!
Looking get a consensus on whether anyone here thinks CDE is better positioned here today to take out their old high set back in April 06 of $73.70?
No shorties, bashers, or cheerleaders, please. Just looking for some objective opinions or arguments to support your position.
The paper and physical markets are coming unwound. COMEX and LBMA bust. Spot price wont mean chit in two months time. Just go try and buy some physical and you'll understand. Silver Eagles $5.50 above spot - Wow!!
People are selling the miners because they think they can only sell at or near spot price...That's BS, they'll be selling at physical rates, not paper rates.
Don't sell your shares at these levels!!! Good video below describes the bust...Caution, strong language