PC Gold Inc Ord PCGLF

Excerpts from MD&A, May 15th

[opti007]

Available on Sedar.

007

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PC GOLD INC.
FORM 51-102F1
MANAGEMENT’S DISCUSSION & ANALYSIS
...

Management completed two financings in the quarter that allowed the Company to follow up on the
exploration of the Vein 22 intercept of 444.38 g/t gold over 1.5 metres in hole PC 11-251.

...

Management is reviewing all options to advance this substantial program in light of the prevailing
challenging market conditions.

...

During the third quarter ended Marc 31, 2012 a total of 2,315 metres were drilled in 19 holes including 4 holes extensions.

...

The Company continues to drill the No. 22 vein area with 1 rig.

...

Further metallurgical work is underway on drill core from 150m and 1100m depth on the No. 5 BIF zone.

...

As at March 31, 2012, the Company had working capital of $3,158,751, which included cash of
$3,400,366.

Cash includes $1,000,000 of proceeds of a flow-through financing which the Company is committed to
expend on Canadian exploration expenditures.
 

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[phil6492]

Is this information management's secret or just a figment of the dreamer's imagination, in colour no less.   Should it be factual by some remote chance, would it not be prudent for mismanagement to share it with the owners of the company in a press release?   Perhaps to simplify communications, it is easier to email James Bond, so he can publish it on Stockhouse.  

[opti007]

For a company publishing on Sedar is all they need to do to publicly release information. Integrating all sources is like a battlefield management system, and more than one full time job.   The way the information is released may have a direct impact on share price. NRs should be timed with the marketing strategy, releases on Sedar satisfy the regulatory requirements like quarterly reports

[opti007]

Since the Sedar release is dated May 15th and they say they have all the 19 holes done, one might SPECULATE that: 1. 19 holes were done BEFORE May 15th 2. Drilling based on the information gathered from the first 19 holes has already started. 3. It takes about 3 weeks (wild guess, based on the frequency of previous NRs) to get some results. And these 3 weeks since completing the first 19 holes is

[phil6492]

Nonsense Bond.   It seems in your dream world leaking the minimum information as required to Sedar satisfies the companies obligation to the owners. Not so in my world.   Nothing short of full discloser is satisfactory, acceptable and viewed as prudent management. Prudent management and mismanagement conflict and won't endear this misguided group to the shareholders.  

[Snegamook]

Well said. It is indeed a sad day for PKL. As I interpret the original 43-101, the consultants recommended raising $18 m or so to enter some shallow old workings where there are indications of ore. These were to be mined and fed through the existing mill so as to get cash flow which would subsidize the dewatering exercise. I feel the directors were failing in their duty when this was not done