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Patriot Gold Ord Shs C.PGOL

Alternate Symbol(s):  PGOL

Patriot Gold Corp. is a natural resource exploration and mining company, which acquires, explores, and develops natural resource properties. The Company's primary focus in the natural resource sector is gold. Its property holdings consist of Vernal Property, the Windy Peak Property, a royalty with respect to the Moss Mine Project, and a royalty with respect to the Bruner Gold Project. The Vernal Property is located approximately 140 miles east-southeast of Reno, Nevada, on the west side of the Shoshone Mountains. It holds the property through approximately 12 unpatented mining claims over 248 acres. The Moss Mine Property is located in the Oatman Mining District of Mohave County Arizona. The Windy Peak Property consists of about 114 unpatented mineral claims covering approximately 2,337 acres, three miles north-northeast of Bell Mountain. The Company holds a royalty of 2% of Net Smelter Returns with respect to the Bruner Gold Project that consists of 26 patented mining claims.


CSE:PGOL - Post by User

Post by arh0070on Jan 14, 2021 9:55am
116 Views
Post# 32293191

another day another all time high

another day another all time highPGOL continues higher every day basically on no news other than drilling which is of course a long term proposition.Thier model is to find a potential mine and then farm it out to a bigger player for cash and a royalty.Worked well with the Moss mine but not with the Bruner as they sold to a company(canamex) which has not traded for months has not been able to raise money and is likely technically bankrupt.Go to Canamex on stockhouse for info.
I have been reducing my position on the way up and now have free shares .
I hope that they don't just spend all their revenue on projects but act like a royalty company and start paying dividends.
This decision is all in the hands of one individual (trevor)who owns 20 million shares and has a voting majority as he has some "super voting " shares purchased for a small amount .All this info is in the public domaine , have to read in detail the 80 pages of the sec filings,the link to which is on thier website.
Important to do ones own due diligence.
Annyway,happy with my investment but always wise in these microcaps to take profits when you can.They are not very liquid .
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