RE:8 Dollar StockEven with the big selloff in POG today PVG is off more than many other gold producers.
I do not agree however that PVG is a failed stock and should be sold ASAP I still think the grades are adequate to continue making profits maybe not as much as previously hoped for but still its not a 5g mine more like a 9g with a chance for better. I think we are oversold and will recover although it may be a long haul unless the POG rises.
What I do agree with LovesAU and Miningman about though is that Joseph Ovensek needs to go.
He had ample opportunity from his mid-September date to earnings at the end of Oct. to let us shareholders know that there were problems that would likely derail their higher grade forecasts for Q3 and Q4.
Even without taking into account that their may have been some who sold September 9 with foreknowledge (maybe he didn't know how they knew or maybe the problems were after that).
Still Joe has a responsibility to us shareholders to run the company in a way that all
shareholders are treated fairly. He is not in charge of trying to keep the stock price up by manipulating information known about what is happening until he has no choice that it become known at quarterly earnings.
Withholding bad news may have helped keep the stock price higher for a while but in the end when the deception is revealed the result is worse because now we know the character of our management. I think he should resign !!