Prodigy Gold Inc KXLAF

Gold UP $31 to $1607 usf....superb move...

[MELLOW88]

this is/was an excellent day for Gold, and likely ushers in the new Gold bull which should take us to new highs right up until end of year...Some of these Gold stocks are still way undervalued, and I suspect they  are  waiting for a turn in sentiment /outlook, which should happen in a few days, as Gold keeps climbing...

Remember PDG is one of the better ones for numerous reasons previously stated...PDG could eaily go to $1.50 to $2. on this move alone, to catch up with all its neighbors with proven Gold reserves....Gold will be one of the few investments that wll do well, all other paper currencies and markets are in deep doo-doo...

Get them while they are CHEAP !!!

 

mellow...

[kojack1]

Scary part is that there is far too much silence from the company, we need some  "positive" news, this silence reminds me from the Kodiak days, and the golden mile, maybe thats why we can't get a decent pop, hopefully I'm wrong.

[BrahmaViddo]

6-7 million ounces in the next resource update is my guess... to be released within the next 2 weeks...

[Nomad3]

I thought it was supposed to be out by end of June?  Did they say anywhere there would be a delay? 

[duchebaggie]

BrhammaViddo,   Don't you think 7 is a little  high considering they are currently at 4 total? Maher said many times the goal was actually to convert, not necessarily to add a sh** load of oz. And if you look at the drilling a LOT is infill. I guess it depends if they decide to include the deeper intercepts....I think it will be around 6 total, probably 4 M/I...which would give them

[BrahmaViddo]

I said between 6-7 million.. yes, 4 million Measured and Indicated.. 2-3 million inferred...

[mining4dollars]

Macquarie just came out with their "exploration update" and among the companies they follow, they identified Prodigy as being one of 4 companies that have the highest potential of being M&A targets due to the high-grade nature of deposit, jurisdiction, economics etc.  They also mentioned the updated resource report, where their expectations are to see it come in between 4.5-5

[duchebaggie]

4.5-5 is very conservative. I'd be very disappointed. However, we have to gear up for volume and NR next week, we may reach 2M+ shares traded today, not seen since april.

[mining4dollars]

it's a good thing if their expectations are conservative.  If the Updated Resource estimate surpasses anlaysts expectations, regardless of what the total number of ounces turns out to be, it will be a very positive development with respect to share price.

[BrahmaViddo]

The trigger that news is imminent is all the buying by Casimir over the past few days.

[duchebaggie]

How many shares does Casimir own?

[BrahmaViddo]

Dunno.. but they participate in PDG's private placements and always have up-to-date coverage on them