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Bullboard - Stock Discussion Forum Prodigy Gold Inc KXLAF

GREY:KXLAF - Post Discussion

Prodigy Gold Inc > PDG should be trading @$5 at least...
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Post by MELLOW88 on Aug 28, 2012 12:58pm

PDG should be trading @$5 at least...

Here is a list of 4 similar Gold explorers with Gold Ounces reserves, SOME MUCH LESS THAN PDG..PDG now has oer 6 Million OZs AU......and all these 4 are trading much higher prices...all in the Dollar$$$ range...somebody is keeping PDG down??? why???

1. Queeston...QMI....$3.25   3.32 MILL OZS AU...100  Mil shs out

2. RUBICON....RMX....$3.27....2.79 mILL OZS AU  287 Mill shs out

3.MIDAS   MAX...2 TO $3....6.41 mILL OZS AU   150 Mill  shs out

4.TOREX ...TXG   2 TO $3...5.61 MILL OZS au + 9 mil silver--413 Mill shs out

WE, PDG should be trading much higher in the dollars$$$ range...

Mellow

Comment by unlimited_aw on Aug 28, 2012 1:30pm
You can not compare those miners and explorers like that. There is jurisdiction, status of project development, exploration potential gold grades, working capital and also cash in the bank. Take for example three small juniors I follow which have even much more ounces then PDG, but a way lower marketcap: Victoria Gold at .22; 277 M shares, $ 61Million marketcap , 8 M ounces, or 0,12 ounces per $1 ...more  
Comment by MELLOW88 on Aug 28, 2012 2:54pm
well...I think you are comparing apples to oranges...all 3 of the stocks you mention are way out in left filed sort of speak when it comes to mining and costs...Andina is n Chile...very risky indeed...however it was up $1.20 in 2012, even with the high risk factor...Victoria is up in the Yukon, no infastructure whatsoever, totally isolated and would be very expensive indeed to mine ...more  
Comment by unlimited_aw on Aug 28, 2012 3:08pm
You did not get my point. I hold shares in Prodigy Gold am not trying to bash it. I only stated that you compare various companies in a manner (by just weighing the ounces in relation to the marketcap) that is useless, at least for me. My examples were furthermore some easy examples as to why such comparison is ridiculous. Too bad that you just took it the opposite, not to mention your very ...more  
Comment by MELLOW88 on Aug 28, 2012 3:20pm
lol...NO I did not say you were not well inforrmed about PDG...I said you,, were not well informed as to its valuation in the marketplace and in relation to the 3 others you posted...however I am pleased that you also hold PDG...I think you will do very well indeed holding PDG...I feel it will continue to surprise to the upside in the number of Ozs AU it discovers...I have held it right from the ...more  
Comment by Nomad3 on Aug 28, 2012 5:32pm
I think we can all agree PDG should be trading at around 50-70oz in-situ for the stage its in, the location, open pit, its IRR , its low strip ratio etc. Fair buyout would be 1.50 a share. My guess is that its being held down to facilitate a takeover at ~1.00/shr .  
Comment by MELLOW88 on Aug 28, 2012 5:56pm
I agree PDG is a very desirous take over candidate, however I hope and probably know you are wrong about 1$ mark....PDG is worth far more than that, and further it is most always up to us shareholders to vote any takeover bid down....or UP.....I certainly would vote NO to said bid....we should wait  until a decent higher  bid appears......what is the hurry?..Our PDG can only ...more  
Comment by 4_nolan on Aug 28, 2012 10:27pm
In reply to Mellow I have to say you are wrong also in your information and reply. First you stated that "Chile is very risky indeed" when it is ranked as the second safest jurisdiction for mining in the world behind Quebec and two places ahead of Ontario and Prodigys location. Link https://www.zerohedge.com/article/15-best-and-15-worst-mining-jurisdictions-world (1) Quebec (2) Chile (3 ...more  
Comment by MELLOW88 on Aug 29, 2012 3:02am
thanks for that article...In my view, it is not current...the data used is likely now 2 years old, and changes are and will continue in these countries...There are nany studies out there that show a whole different picture and I am therefore speaking about 'RISKS" now as well as in the longer term, after all mining is a longer term process....HOWEVER... The article does in fact agree ...more  
Comment by canbeam2004 on Aug 29, 2012 1:17pm
It looks like Quebec will be sliding down the list, if the PQ are elected next month. In a recent article from Reuters the PQ are looking to extract more money from the mining industry. The PQ policy will be (to start): * impose a minimal royalty rate of 5 percent on the gross value of all mining output and slap a 30 percent royalty rate on any mining profits above 8 percent.https://ca.news.yahoo ...more  
Comment by MELLOW88 on Aug 29, 2012 2:12pm
nice try...lol...The PQ will NOT be elected to rule Quebec next month...They are down 2% points just in the last week...The new party CAQ is only 2% behind the PQ in new polls, and UP 4% from last poll...It does however appear that a minority Gov will be elected, and likely be the CAQ and Liberals forming that Gov...What essentially has happened is that many Liberal supporters have gone over to ...more  
Comment by kojack1 on Aug 30, 2012 3:44pm
Management keeps diluting the number of shares, soon we will be at a billion, there are little updates for us shareholders so there are many of us that don't trust managemment and i'm sure there are others out there.
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