PGOLI owned PGOL and initially was very happy with my investment for the reasons extensively discussed .The share price went up in value .I subsequently did some detailed research and discovered several issues which were extremely concerning and benefitted insiders and not all shareholders and this pattern continues so I sold my shares (more than 600,000) thankfully for a profit .If it can be unequivocally demonstrated that the company is being managed primarily for the benefit of all shareholders then I would happily buy back in because of its cash flow from the Moss mine royalties .The share price is cheap for a reason and its not because its undiscovered .
It needs an independent group of directors for a start .
I have no problem with Trevor being rewarded for his efforts but several big problems are present .The first is selling the BRUNER (which could easily have been another Moss mine) to a less than salubrious group and the Bruner remains in suspended animation .Second is the purchase of a Vanadium royalty on an oil sands project for 300K from an insider .Seems likely this is worthless .third is the purchase by Trevor for 14K some preferred shares with a 10to 1 votes giving him absolute control of the company .All hidden in an 80 page document that few will have read(I did).
Whether this new drilling will be successful I don't know .Most royalty companies (if that is what PGOL is)pay a dividend or buy other royalties ,there are lots of royalties on Nevada properties that have recently been purchased by other royalty companies .
So PGOL has great potential if it can be operated in a totally above board manner which benefits all shareholders and not just the insiders.