SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : PERSHING GOLD...PGLC
PGLC 1.120+3.7%Apr 3 5:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: IngotWeTrust who wrote (29)6/26/2013 12:56:15 PM
From: IngotWeTrust  Read Replies (1) of 66
 
PGLC is looking pretty green around the gills in the current downdraft affecting all E&D plays strapped for cash.

Inspite of recent forward looking company guidance in the form of a press release previously noted by Lone Clone, previously announced milestones have been missed 1st half of 2013. Additionally, forward looking statements by management buttressed by a visible campaign of public relations Seeking Alpha writers producing on cue, all indicated production beginning early in 2014 is now pushed back to "maybe by 4Q2014" type official utterances.

Disappointed speculators appear to be abandoning this stock in clumps of higher volume than 10 day average B/S activity indicates as more normal.

When PGLC was first brought to the attention of SI'ers here, the share prices were much higher. Now in the
low 30-cent range, conservation of cash/reducing loss/speculator risk management activities are now more visible and more pronounced, as paper gains uncomfortably evaporate ever more quickly.

I am still in this play but my cost basis is zero due to predictable use of capturing the spin-off shares, and freeing up trading capital after doing so.

See no reason to panic and sell when cost basis is zero. Kind of fits your strategy of buying at zero, eh, Nevada9999? -g-
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News