imp. thanks same to you and all who contribute on this board. It has been quiet of late. Barry H. can only hold this at 28 for now. It will be a lot lower if they ever try to do the reverse split.
Not convinced gold has any upside from here in my lifetime. I am no that old eirther. Russia having to sell all that accumulated gold to keep ruble from drowning.
Interesting times. By the way i got out of this at 35 and broke even. I am very happy I did so.
Rauncytown, just being realistic - most of all the gold produced from all history is still there - just because people like to wear it doesn't make it consumed and then needs to be replaced. Silver is a bit different - I understand that 50% of silver is actually consumed in many industrial proceses.
Copper is produced and consumed or stored till it is needed. Sure there is scrap but it is mainly consumed - take water and electricity supply for example.
Obviously you consider Russia and China to be a prudent. Perhaps you would like to give up your USA citizenship and relocate?
The Swiss people are not stupid - they invented the banking system courtesy of the surving Knights Templar - hence the Swiss flag. TheSwiss people did not vote for the 20% gold reserve.
Nobody is going back to the gold standard to support their currencies.
So smarty pants why do you think gold is such a good thing and why do you think PGLC will ever produce economic gold. After all this time under King Alfers and Emperor Honig no sign of any economics. Facts and Truth are difficult for you - right?
They are not interested in PGLC. Please note Sleeper project has a PEA. PGLC has nothing but pipe dreams.
You won't get anything by waiting - gold will only head lower - so no question that your wish will come true and you will be waiting and waiting and waiting zzzzzzzzzzzz
gold, welcome back - plenty of overpriced PGLC shares availabe. They are not worth more than 5 cents.
As I have said many times before - they have not produced a PEA yet - they say they will next year after updating the resource estimate but they don't put a date on it. That will be the first indication of any economics and a likely start date (if there is any economics - which I doubt).
Gold, not without a frist PEA - something wrong with a company that is SOOO pleased with what it has found they can't show us what that means in mining economic terms. Doesn't make sense not to have a PEA by now.
I believe they will manage the debt down - I bought some more this morning - $28 is a bargain and 4.5% divi is good income.
No - it is about how much money they can make mining what they have found. Without a PEA nobody knows.
I can't see Barry holding this at 30 cents for much longer. The LEVON dilution is in so I can see this at 25 cents before too long. With the RS and associated dilution my 5 cents prediction is looking good.
Gold, CDE is fairly valued on NYSE. That market never lies. PGLC is on the pink sheets/OTC - that "market" often "lies". The RS is meant to get the PGLC shares up to a unit price that will qualify PGLC for a proper market listing. If you compare the two companies it is obvious to a blind man that PGLC share price is being influenced by OTC small market "manipulation"
No way is PGLC worth more than CDE..
gold, seems that market reality is not part of your own personal reality.
I stick with my point - CDE share price is real - PGLC share price has been kept artificialy high by you know who (Barry H). PGLC is not about producing gold but a pure financial engineered speculation play. Shares not worth much more than 5 cents.
I know about CDE Rochester and I know that CDE was an early shareholder in PGLC. They are also sharing drill results north of the north pit.
Comparing the two from a market cap perspective is very valid.
CDE market cap now just below $390M. PGLC market cap just below $100M.
All the dilution coming with RS activity - CDE fairly valued today means PGLC is WAY OVER valued.
PGLC won't publish even its first PEA as that would confirm it. No chance they will be mining any time soon if ever.