Before even reading your post the thought crossed my mind that this maneuver is part of the plan to make it more difficult to take over the company. For example, if total shares determine ownership these new shares could be sold to the "right" owner to swing the vote.
As you can probably tell this is coming from an amateur perspective ;O)
So far the open isn't showing in concern in the price.
With the continuing positive drill results I'm left wondering how many oz's are in the books. I'm also wondering when exploration drilling starts up again in the surrounding targeted areas. Time for an update.
Interesting sentence in company article that states the 56 mil budget "does not include revenue generated in this period". Given the number of ounces of gold in the 20 ton sample last year that 56 mil number might just come in significantly under that number.
I'm still looking for an "ahead of schedule" commission/production announcement in the 2nd quarter of 2017 instead of the 3rd.
Quartermain did not "jump ship" but was pushed out and given the opportunity to "cherry pick" as part of the "leave" package. He's one of the premier exploration/investor value CEO's in the industry so it's no surprise he's walked away the overwhelming winner.
For me, it's now a matter of whether he can and will dramatically up the time-line for construction. Investor Relations responded to one of my e-mails that they are on schedule but only indicated it was possible (my word) that construction would advance ahead of schedule.
Simply type the word graphene and add anything from cement, to diabetes, or quantum physics and see how many things in our world there are that WON'T be changed by graphite based research. Truly, the world is on the cusp of planet changing technology, even off-planet propulsion.
Even $17 an oz silver would open the cash flow. Makes me wonder what share price would look like if we went back to $20+.
Every little tidbit contributes to a whole. If I run into anything I'll post here.
The president and CEO of the company responded to my inquiry re the company's vision of the future. There's way more than graphene to consider when thinking of the uses that graphite will be put to. There was also the exceptionally strong impression this man is "all-in" in terms of financial, mental, and emotional commitment.
It would be nice to see this project hit the ground running in a dead sprint.
I'll post any news I can find.
The unusually mild weather patterns for the Valley of the Kings area make me wonder if construction of the Bruce Jack project might end up being ahead of schedule.
Infill drilling results on the Bruce Jack are news worthy but my interest is in the exploratory efforts such as the Kitchen and Flow zones.
Given the results of the Bulk Sample before permitting, almost 6,000 oz, it seems future funding of the project may come from actual production as the mine progresses. In other words, PVG may not have to borrow as much as originally projected.
I'm thinking "there's coffee in the pot' and it's in the process of percolating through early winter. We should be getting some more drilling results pretty soon and it would be nice to hear the good weather is giving PVG a jump in start up.
The previous pattern of released drilling results says we should be hearing more about the in-fill drilling and additional results on the Flow Zone and Kitchen Zone exploratory drilling. More than that, however, it would be nice to hear the progress in heading for build-out of the mine. Has PVG begun construction of the electric lines that are to feed the project? Will the projected milder weather for the area make any difference in advancing the project ahead of schedule? I'd also like to hear how PVG plans on structuring the remaining financing, suspecting there's enough gold from start up to fund most if not all of the remaining needs.
Seems to me it's appropriate for PVG to release a more comprehensive report that would provide a more clear picture of where the project stands.
The Bruce Jack is still a largely unexplored property. What else is lurking our there?