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 .