You would benefit from doing some research on Friedberg aka FMI, insider trading history of Albert Friedberg PZG, seabridge mining& albert Friedberg, Rudi Fronk and pzg, and the start up of PZG. After you do, let me know if you think Friedberg wants to take over PZG. I think he is PZG.
Until the price of gold rebounds PZG will continue to be a dog. Nothing management can do about it. Operating capital is what PZG needs and dilution may be the only way to come by it. I don't like it but exploration companies don't produce revenue; they just burn through it. Either bite the bullet and take the loss by selling now or wait it out and hope things don't get a lot worse. Have you checked the price of CDE lately? Good buy if you can wait for the rebound. Truth is, I'm way to heavy precious metals and oil/gas. Hurtin' for certain. Good luck to all with your investments. When the market bottom comes, climb aboard.
Just read the "dilution" post and find reason to question the logic. Writer states that PZG owns nothing but mineral rights further claiming company has no real property in contradiction with PZG filings. Writer then projects that Friedberg, who currently holds 16 mil shares of PZG is waiting to steal the company for 30 cents. My question is "What will he be buying since the company allegedly owns nothing?" Seen it before many times he states. It doesn't take Warren Buffett to see the flaw in that plan.
Not saying PZG doesn't have problems. Just can't believe how transparent some of the b.s. is on this board.
Could it be you are forecasting your own end? Robots won't spend company time on the internet nor need pay raises or benefits. Why do you think robot infusionst would end with the lower skilled workers? Hope your idea catches on at your work place. gltu
Be careful what you wish for!!! PZG has no jv capital forcing them into a royalty position cash flow possibly paying g&a expenses while taking the property off the market further lessening the pps. JV is not a good plan for an exploration company. Investors will drop this stock like a bad habit PZG will dilute the stock again to raise capital for operations further reducing the pps value. Let's hope a buyer comes along before the dilution contributes to a less than $3 buyout. Think about it.
The company will sell if you can wait. Best to sock drawer it and read the news that PZG sold some time in the future. Not likely very soon. Good luck to all that stay with it.
If you are only going to do business with honest companies your challenge may be greater than Diogenes quest for the honest man. Are you aware that the majority owner of BK is a South American company? Why can't a SA company move BK to Canada? Apple pays about 20% in corporate taxes according to what I've read. They are avoiding the max corporate tax using legitimate means same as most mega corporations. What is the squawk with BK when every major corporation in the US is working at reducing their corporate tax? The benefit of this merger is to be determined. Long BKW
How about we fix it by reducing government spending and not requiring a 35% corporate tax bracket. Make politicians accountable for their campaign promises. Take away their benefits or at least let them pay for the same medical insurance the majority of us have. Let them get in touch with their constituents. This country is in deep trouble politically and the majority ignore it. Time to get off my soap box.
That has always been the PZG exit strategy and will likely happen when the price of gold hits the 1500-1600 range, possibly before. Depending on the price of gold, my guess is 3-5 low 5-7 high. Would love to be wrong and the shares sell much higher. When you are long PZG; you are long PZG.
Seabridge is a mining company owned by Friedberg whose president, Rudi Fronk, sat on the PZG BOD. If there is any chance of a jv mining operation, my guess is Seabridge. Still find it difficult to believe a joint venture is in the works.
After the PEA under the exploration development process comes the pre-feasibility study followed by the feasibility study. The articles being read as going into production at San Miguel read like feasibility studies to me. It's part of the marketing process as well as credibility. PZG has neither the capital resources for the 69mil start up nor the 346mil sustaining capital. Don't forget the fact that Crupi is a bean counter not a mining exec without a mining company. From a purely business stand point, I just don't see a mining operation in the PZG future.
Thanks for the link. Very interesting reading. Still have difficulty believing this is anything more than feasibility study following the PEA.
Morningstar list all the major shareholders and those both buying and selling shares. FMCI holds 24 mil shares. Van Eck #2 at 16 mil shares.
It's heartwarming to know there are so many taxpayers that have never tried to better their tax bill by taking advantage of gray areas, fudging a little on reported income, or just taking the available tax deductions. Must be true or they wouldn't be casting stones at BKW for trying to reduce their tax bill. Inversion is available to them and it is legal. The problem isn't with BK. Look to the lawmakers selling themselves as our representatives to change the law that should have changed years ago. Boycott BK if you like. Won't fix the problem.