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Paramount Gold and Silver Corp. (PZG) Message Board

ecpetersen75 8 posts  |  Last Activity: Feb 14, 2014 2:10 PM Member since: Apr 27, 2011
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  • Reply to

    Where is the SVM DIVIDEND, idiots?

    by behavioraltrader Feb 14, 2014 12:55 PM
    ecpetersen75 ecpetersen75 Feb 14, 2014 2:10 PM Flag

    You need to grow up mister! Longs (aka investors) should just take their losses?! What planet do you call home? During the housing bust did anyone complain that you or your neighours didn't just take their losses and sell their properties merely because the market price went down? Oh, I get it, you would prefer for owners of assets to take losses so that vultures such as yourself can earn a few extra coins picking the carcass, eh? You need to step back and realize that the only parties laughing all the way to the bank are the brokerage houses who win on both sides of the trade - volume is all they care about which is why they invented the silly idea of shorting, which by the way is patently unjust and corrupt. If I wandered into your house and "borrowed" some of your property, sold it and told you I'd give it back after repurchasing it at a profit I would be arrested for theft. Yet, suddenly this same behaviour is ok just because the brokerage houses have condoned it? Did that sink through your thick skull? Reread it again if you have to.

    Like I said, grow up. In the meantime investors will have to put up with the modern day lepers known as day traders and shorters who are led along by the pied pipers known as the brokerage houses.

  • Reply to

    10-Q

    by tayeletwalker Feb 5, 2014 11:48 AM
    ecpetersen75 ecpetersen75 Feb 5, 2014 2:49 PM Flag

    PZG has $9mm working capital - which is good in this environment. Their exploration expenses for the 6 months ended 12.31.13 are down from the prior year, again likely to conserve cash in this weak market. One thing I look for in a junior/explorer is how much their mineral properties increase each year on the balance sheet. Canadian firms give an easier picture since under IFRS they can capitalize their expenditures whereas under US GAAP they are expensed - this is why PZG's properties appear stable even though they are continuing to explore and define their potential. Long story short, PZG is a steal at these prices.

  • ecpetersen75 by ecpetersen75 Jan 28, 2014 2:26 PM Flag

    Has anyone noticed that this mining/exploration stock is about the only one that hasn't been hammered in the last year? But, the upside has also been restrained. It is very odd why this stock has been trading in such a tight range. Any theories on why that may be??

  • ecpetersen75 ecpetersen75 Jan 28, 2014 2:23 PM Flag

    Yes, OTC stocks generally mean the company hasn't made the jump to the Big Boards yet. But, sometimes the best time to acquire is when they are trading at a lower price only on the TSX or OTC. Remember, mighty First Majestic was once a 15 cent sleepy stock on the TSX. The major difference that I can tell between OTC and TSX is that there is a slight price differential depending on the current $CD and $USD forex rates. All in all, the better bargains with more upside reside north of the border on the TSX & TSX venture exchanges.

    As far as Amex stocks go, besides PZG, I am high on SVBL also. This company has multiple non-disclosure agreements with the majors and their Sierra Mojada project has at least 165 MM silver equivalent ounces and a boatload of zinc byproduct to offset the costs. It is an easy 5 bagger in my opinion. Again, I think Coeur D' Alene (who is a major shareholder of SVBL) will buy them out. But, I suspect there will be a bidding war for the treasure trove of wealth sitting in the ground at Sierra Mojada.

  • ecpetersen75 ecpetersen75 Jan 27, 2014 4:13 PM Flag

    Wildcat and Scorpio definitely should have. Scorpio is an active miner and has started exploring additional targets. Wildcat has already starting adding preliminary reserves to their properties as of 12/13. Manitou and Silver Range are possibly still too new to have PEAs yet - ergo their share prices are lower than the other two.

  • ecpetersen75 ecpetersen75 Jan 24, 2014 12:12 PM Flag

    PZG drills/explores the properties on their mineral leases in order to define their resource potential. The rights to actually mine the properties will ultimately be sold to an actual miner. My bet is that Coeur D' Alene will eventually buy them out.

  • ecpetersen75 ecpetersen75 Jan 24, 2014 10:40 AM Flag

    All are in safe jurisdictions......

    Wildcat Silver in Arizona
    Scorpio Mining in Mexico
    Manitou Gold in Ontario, Canada
    Silver Range Resources in Yukon, Canada

    Places I will not invest include South America or Africa due to political instability. Asia is a bit iffy, but I do own Silver Corp which is the largest silver miner in China.

    Sentiment: Strong Buy

  • I think PZG is a great investment right now, trading at 74% discount from its 2011 highs, and it is an easy 5 bagger if not a 10 bagger with a future buyout. However, one should also take a look at these stocks which may prove to be even better than Paramount:

    Silver Range Resources (SLRRF) trading at 90% discount from all time high
    Manitou Gold (MNTUF) trading at 93% discount from all time high
    Wildcat Silver (WLDVF) trading at 85% discount from all time high
    Scorpio Mining (SMNPF) trading at 84% discount from all time high

    Each of these stocks has an excellent share structure with solid, well-known ownership backing and all are potential buyout candidates in the future as the PM bull market starts heating up once again. I'm sure there are a few others out there, but these are ones I've had my eye on....

    Sentiment: Strong Buy

PZG
1.120.00(0.00%)Apr 17 4:01 PMEDT

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