Bullboard - Stock Discussion Forum Patriot Gold Ord Shs C.PGOL

Alternate Symbol(s): PGOL

Metals & Mining Gold

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... see more

Add To Watchlist

CSE:PGOL - Post Discussion

Patriot Gold Ord Shs > PGOL 15 Year Technical Chart

View:

Post by Roddiggiti on Feb 25, 2021 11:06am

PGOL 15 Year Technical Chart

https://cdn-ceo-ca.s3.amazonaws.com/1g3fi2j-PGOL%20chart.jpg

PGOl 15 year chart on the OTC, not Canadian side. The range of resistance over that time period is between $0.15 to $0.23 USD. But keeping in mind that PGOL never had any royalty revenue, or anything significant until 2020. That is why it's taken some time to chew through the sellers, despite the solid earnings, and less than 50% of the float available for retail(roughly 36 million shares). The good news is that by getting rid of all these older shareholders, Patriot will have a much stronger floor built at a higher price, thus giving the company blue sky to go up as more profitable quarters come in. The merger with EGLD is complete now and Northern Vertex is cashed up with clean books and positive cash flow to boot. We should see NEE's financials in the next few trading days(last year was Feb.28) and can calculate the payment to PGOL quite easily. Having a stable partner will ensure consistent payments for years to come.

133