RE:RE:RE:RE:8 Dollar StockI don't think anyone with half a brain would buy equities based on anonymous comments on a bulletin board. What the stock price does now is beyond my control- it is dead money now. You'd be an idiot to use this baord for DD especially with all the sheep that graze here.
I want you to imagine a working gold mine making 350k ounces per year. That's decent revenue. Now imagine a real CEO, saying we are going to hit 85k for the quarter and delivering 90k. Or giving full year guidance at 360 or so. Why don't you think that happens?
Because the narrative at Brucejack was always overblown. It started with 16g grades, developmental muck with nuggets sticking out, fights with strathcona who said this would never be a 500k mine and they were right. Insider trades, lies, and just horrible leadership. But the real problem is- once you lie to attract investors- at some point you have to deliver. So if you are going to tell us you got 16g grades then you better deliver 16g grades.
I knew the grades going forward were going to be bad when they applied for increased throughput.
I'm angry I believed the hype. I think PVG could be a great asset with Joe O gone. I've been investing for 40 years and I've seen my share of carnival hucksters. He ranks right up there.
The net/net? Great mine. Horrible leadership. Trading now- right where it should be. I'll need the tax losses to offset the gains this year. Those of you who missed selling are not going to get another shot at 13 gagain unless someone tries a buyout or POG goes north of 1700 for an extended length of time. I see no reason now, including hanging stope excuses, to hang in here.
PVG is dead money for at least a year or two.