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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 Feb 16, 2021 12:32pm
184 Views
Post# 32574194

NÉE and PGOL

NÉE and PGOLNE stock price performance has been terrible recently due to foolish merger and the actions of Darth Vader aka MMX,so it will not be hard to imagine that PGOL is a better way to participate in the success of the Moss mine .The "fly in the ointment" with PGOL is however it is not acting like a royalty company in that whilst it has excellent cash flow Trevor ,who has majority control of the company has shown no evidence that he is willing to share the revenue from the Moss royalty with shareholders.A deep dive into PGOL reveals a couple of insider transactions of questionable benefit to shareholders .I owned PGOL ,made a good profit and bailed after I did the deep dive.I own multiple royalty companies including FNV,Osisko,GZZ,and Voxx and have 35-40 years experience in this space which has made me very wary.
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