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Bullboard - Stock Discussion Forum Patriot Gold Corp. C.PGOL

Alternate Symbol(s):  PGOL

Patriot Gold Corp. is a natural resource exploration and mining company, which acquires, explores, and develops natural resource properties. The Company's primary focus in the natural resource sector is gold. Its property holdings consist of Vernal Property, the Windy Peak Property, a royalty with respect to the Moss Mine Project, and a royalty with respect to the Bruner Gold Project. The... see more

CSE:PGOL - Post Discussion

Patriot Gold Corp. > NÉE and PGOL
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Post by arh0070 on Feb 16, 2021 12:32pm

NÉE and PGOL

NE stock price performance has been terrible recently due to foolish merger and the actions of Darth Vader aka MMX,so it will not be hard to imagine that PGOL is a better way to participate in the success of the Moss mine .The "fly in the ointment" with PGOL is however it is not acting like a royalty company in that whilst it has excellent cash flow Trevor ,who has majority control of the company has shown no evidence that he is willing to share the revenue from the Moss royalty with shareholders.A deep dive into PGOL reveals a couple of insider transactions of questionable benefit to shareholders .I owned PGOL ,made a good profit and bailed after I did the deep dive.I own multiple royalty companies including FNV,Osisko,GZZ,and Voxx and have 35-40 years experience in this space which has made me very wary.
Comment by Roddiggiti on Feb 16, 2021 2:47pm
PGOL just started getting decent revenue from the Moss Royalty, how can he already have a dividend or buyback plan in place, I'm pretty sure that's what you mean by sharing the wealth. Q4 and Q1 2021 payouts will be big, plus going forward over the next several years. But 2018 and 2019 didn't really pay much at all. He's using the cash flow to prove up other properties, while ...more  
Comment by Royaltyinvestor on Feb 16, 2021 3:48pm
Fair points. I've heard similar sentiment when PGOL was at .05. It recently hit .20, and pulled back to .15-.18 cent range. Fact is, The 3% moss royalty and the 2% Bruner royalty are worth more than their current market cap.  Not a perfect company, but I could pick apart most junior companies with similar flaws.     
Comment by northcapital on Feb 16, 2021 4:32pm
I believe that your comment about Patriot Gold being fairly valued at the current trading price is incorrect. I would encourage you to consider the Moss Mine as a 6 year annuity. Then calculate the value of such an annuity and divide that number by the number of shares outstanding. Once you do that, you will find - even with pessimistic assumptions - that the stock is significantly undervalued at ...more  
Comment by Roddiggiti on Feb 16, 2021 6:05pm
and 6 years is a conservative estimate. NEE will have an update 43-101 before June and if the resource goes from 500K ounces to even 750K ounces, that's 50% more gold for them to mine and PGOL will get 3% on that additional indicated resource. Then with regards to Bruner, if CSQ fails to get things resolved by the end of March, they'll be forced to sell assets to cover the debts. Someone ...more  
Comment by Thefinalsay on Feb 16, 2021 4:03pm
it sounds like what you are trying to do is scare people, because you dont want the stock to rise in price cuz u have already sold. if you made money off it, why dont u piss off? doesnt make sense to post nonsense when you literally have nothing to do with the company.
Comment by Stockwatcher101 on Feb 16, 2021 10:09pm
Your comments are very vague. With someone that claims they have 35-40 years of experience in this space, what is the purpose of bashing this company you've sold? Also - Can you better explain what questionable behaviour you noted?
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