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Bullboard - Stock Discussion Forum Prodigy Gold Inc KXLAF

GREY:KXLAF - Post Discussion

Prodigy Gold Inc > I question the logic of paying .68 now.
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Post by harry_reele on May 22, 2011 11:34pm

I question the logic of paying .68 now.


Have you all forgotten the closing of the last and recent private placement for 7000000 shares at .45 each ?
This is going to play havoc with the share price in the coming month to two months.
Production from Magino is a minimum two years off for any kind of commencement provided all enabling factors come together.
If this will be a hornets nest that gets tossed into the investors circle , anyone paying .68 now could feel the sting.
I will keep my distance until August has arrived.
Comment by nlegall on May 23, 2011 2:12am
No, but 40,000+ meters and updated PEA can make the .45c 7M ppl moot
Comment by harry_reele on May 23, 2011 11:28am
Their exists a first rule of thumb amateur investors fail to consider, and most are amateur investors at the retail level holding penny stocks. But the first rule of the game is to keep your eye on the money coming in and the money going out, the driving force behind the movement of money affecting your money.The logic that  "40,000+ meters and an updated PEA can make the .45c 7M ppl ...more  
Comment by nlegall on May 23, 2011 11:56am
Uh, ?? Whatever Trump.
Comment by PACO2 on May 23, 2011 12:48pm
Maybe the personwho bought those shares wants 1.25 for them nowYou and I are just as  apt to sell as they are.If someone is gonna blame sleepy summer on someonetheymight think to cast the notion in ones mind just how much selling byall previous G.Goose shareholders will have on the market -as they are forced to exercise their millions of warrantsat .45 -many of whom -like me- contemplate ...more  
Comment by coffinraider on May 23, 2011 6:48pm
PACO ....I'd like to apologize to you for flying off at you over a previous post. I mistook you for one of the jd-drinker aliases .This jd character has disrupted one too many message boards and the content of one particular post of yours sounded all too familiar right about the time he showed up here.So...no harm done i hope .  My mistake.
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