CSE:PGOL - Post Discussion
Post by
Roddiggiti on Feb 25, 2021 11:06am
PGOL 15 Year Technical Chart
https://cdn-ceo-ca.s3.amazonaws.com/1g3fi2j-PGOL%20chart.jpg PGOl 15 year chart on the OTC, not Canadian side. The range of resistance over that time period is between $0.15 to $0.23 USD. But keeping in mind that PGOL never had any royalty revenue, or anything significant until 2020. That is why it's taken some time to chew through the sellers, despite the solid earnings, and less than 50% of the float available for retail(roughly 36 million shares). The good news is that by getting rid of all these older shareholders, Patriot will have a much stronger floor built at a higher price, thus giving the company blue sky to go up as more profitable quarters come in. The merger with EGLD is complete now and Northern Vertex is cashed up with clean books and positive cash flow to boot. We should see NEE's financials in the next few trading days(last year was Feb.28) and can calculate the payment to PGOL quite easily. Having a stable partner will ensure consistent payments for years to come.
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