RE:RE:RE:RE:RE:RE:Another dose of reality..Oh gosh, I have a pretty good chronology in my head of what we have written regarding grade at PVG without scrolling through eternity.
I want to say regarding your technical knowedge, as well as miningmans, that I appreciate it. It helped me short this thing after Joe O consistently lied about it until he finally had to come clean last Sept.
I understand the nature of the deposit now which at first, I did not understand. Largely, thanks to both of you. I spent 4 years as a core driller in areas of Wyoming hunting uranium and oil- as well as growing up in a mining town. I understand the nature of the biz somewhat but you guys clearly have expertise.
From an investing standpoint- which is clearly more my area of expertise- I am only as good as my ACCURATE information and the speed at which I am able to deploy my capital. I don't have eternity to mull stuff over. That's why I understand why the developmental muck memo allowed ZIJN to hit the bricks when share price topped 12. I am also a bit of a chartist and technical trader. That is why Sept 9 trading was completely off the charts. Somebody knew production and guidance was not going to be there- at a time when Joe O had maintained that it was- and they dumped shares by the millions. Gawd I wish I knew who was selling that day. This was not short selling- this was big investors unloading.
Clearly they had inside info not available to the rest of us. Insiders had also been selling late August- so the signs were there. Say one thing and do the opposite.
My job is to obtain or in some cases- preserve capital- is to try not to follow the puck so much but be where the puck is going. It is my fault for believing Joe O when insiders were selling and that giant 10% haircut happened on 09/09. Thus it is part of my due diligence to parse out comments which are relevant and in some cases reasearch them. That was why I drew my conclusions about paths and miningman. Miningman just happened to have the more accurate predictions- and they lined up with my thoughts as well.
Right here on a bulletin board.
So yeah, I think PVG is dead money. Why would I deploy capital here when other opportunities abound? I see PVG in the 8 or 9 level short term- 3 months. The POG will hit 1650 rather easily in that time and support a better SP. The SP has been kicked around for two reasons. One is the hit and miss, nuggety nature of brucejack. The other is a CEO who has consistently lied and manipulated the SP. Both of those reasons are now settling on the delta in some sort of alluvial fan and I see no reason for the volatile swings that PVG has endured now that both of those things have been sussed out.
I'll keep my eye on this but for now- I am out. Glad to see Joe O out on his ear.