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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?


To: ItsAllCyclical who wrote (29227)1/17/2013 12:15:56 PM
From: IngotWeTrust  Read Replies (1) | Respond to of 29622
 
You wrote (thank you).....
>PGLC - Like the management as well,
....yes. That's a BIGGIE!

>>.>but they are going to be using contract mining for their mines for the foreseeable future.
.......that has yet to be determined, esp. considering who they've brought on recently as mining engineer.

>>>>>>>>They also still need to raise another 10-15 mil this year, probably more.
......Won't be a problem with NEM, CDE and FROST fighting and biting....does mean dilution, of course.

>>>> Looking at 65-70% recoveries,
....think you need to re-look at both those assumptions. Studying the permits and config of the cyanide mill they bought out of bankruptcy might change your darned low recovery percentages. If you knew me in real life, you'd understand the background I base my firm belief in the considered opinion I'm offering here.

>>>>NSR on most of the properties,
.......... or flipping them off into subsidiaries as they've already done the Uranium land package they assumed when Alfers snagged this out of BK. Alfers is equally comfortable and has already demonstrated willingness and skill in doing said parsing out of properties, mostly for shares (info and options on the come) modality, not just NSRs.

>>>and land package still needs work.
.......No opposition there. Land package needs work is what the drilling opps/program is about. The consolidation of continguous has already occurred. You may be reading "stale land package" commentary from Global Data research, et al?

>>>>>There are positives, but I think ST it's ahead of itself.
......short term it is into the 3rd standard div of the 2012 doldrums with the 33% price move in the last 3 days. HOWEVER.....this is pre-2week resource buzz...and is generated by early birds doing their homework, and people who aren't relying upon the Global Data and Reuters analysts for their screening.


>>>>LT will probably be a winner.
........I'm not in this for the long term. I've studied Alfer's patterns. He jumped out of the last one he did this to several years back at $14.

60c to $14 -ish Alfer's threshold bucks...that's MY idea of long term however long that is. -g-

>>>>Looks more like a technical breakout given all the attention it's been given of late. Suspect there will be more ops to buy in the mid .40's.
........Not so sure I agree with consigning it to the dustbin of technical breakout only analysis, altho' I'll take THIS tech breakout over the one-day wonder back to 97c several weeks back by a pumper/dumper.
As of the moment it's ONLY got the newsletter breakout penny readers attention...the rest of us who have been in it since Jan/Feb and have been trading for pennies are pleased with the TA B.O., but not lathered up about it.

1) It's a no-name.
2) It's a domestic
3) It's a penny
4) It's waaaaaaaaay too early for institutional (at $3 prospectus level-Sprott/Rule types) OVERT buy interest.
5) But it IS a no-name, and has room to run b/c it's not in Squid's short the snot out of it algo's...where would they find the shares to short since it's not institutionally owned or non their radar...


Help any?

Thanks for the dialog.
Your money. Your call. I've been in for a while...and sub $0.40 obviously.

IGWT