Post by
arh0070 on Nov 17, 2020 8:56am
pgol 3rd quarter results
These results were published and released yesterday .Cash and liquid assets around 2 million including royalty receivables .Small increase in expenses ,related to consulting expenses .Slight decrease in the number of shares outstanding ,profit of 1 cent per share in this last quarter.If this continues (I have no doubt that it will ),they have a forward p/e of 2.5!!!!!!!!!!They still have 27 million in tax loss carryforwards ,so no taxes paid .They made no comment about starting drilling on thier two exploration projects .There was a comment that they are looking at other prospects .
Time for Trevor to declare a dividend and buy back shares .PGOL can afford it.
This is the cheapest gold royalty stock and small gold mining stock that I ever recall having owned .