Paramount Gold (PGDP) -- Looks like they are getting a PR campaign going again, see an excerpt from an email that was sent out by Novak Capital yesterday:
"Paramount Gold (PGDP) is the last of this troika of power metal equities. Paramount continues to put out release after release with positive results on their drilling program at sites in San Miguel Mexico. In the latest, Oct 12, Bill Reed, Manager of Exploration, Mexico, stated, "We see increased gold values, as high as 5 g/t in the drill assays received from the La Union.” Not bad, and the street seems to be catching on. Indeed the stock rose almost 13% on the news. Given that the issue hit its bottom just days ago, do you think this might be a good time to get in?"
A great time to start up a PR campaign would be right around the point that your stock is graduating to the OTCBB. Finally, with this move to a recognized exchange, we will get a chance for this company to be compared with its big brother Palmarejo Silver and Gold (PJO.V). PJO is exploring a silver/gold deposit right next door to Paramount's San Miguel area in Mexico, and sports a market cap that is about 8x that of Paramount's. Struthers believes that Paramount is about a year behind PJO in its drilling.
With PGDP's announcement on Friday that they are going to add a 2nd rig there now, the time between development updates should be shorter than it has been in the past. It seems that the sizzle from any given development update has a shelf life of about 3 weeks, so if you leave much more space than that between your PR's you risk seeing your stock price give back its gains. |
