Post by
teddygva on Aug 08, 2017 5:31pm
what are the next steps after drilling results ?
some people are with pgd for years. and the price stays at the bottom.
I came recently and I do believe in the potential.
What can make the price goes up ?
Comment by
mill44 on Aug 08, 2017 6:04pm
You are not the first, and quite possibly not the last who bought into Pgd thinking that this was it, this time it will live up to its potential. Welcome to the longs and very longs. If you are wondering what would make it go up, that one is easy. Greed. Buyers who think they cannot buy any lower and sellers who believe that they can sell it for a lot more.
Comment by
teddygva on Aug 09, 2017 1:29pm
Thanks Mill, And what about a fantastic drilling result ? That is what would trigger the price up and up. Its been so many years that friedland are there and they are not there for nothing. They probably know something we dont know yet. Did they put all this project on hibernate on purpose and waited the right time ?
Comment by
MrBigger on Aug 09, 2017 2:01pm
excellent results might pop it to 20 cents. Going to take a partner to get it anywhere IMO.
Comment by
mill44 on Aug 09, 2017 2:06pm
20c is not such a tall order. News that Sprott is seriously involved might be enough to get there. Their buying, if they don't get enough rights, could do that as well. Good results might get you 30c, depending on the timing.
Comment by
griefman on Aug 09, 2017 2:51pm
Predicting the SP is kinda a useless endeavor, for me, the issue is what action to take when it reaches 20-30-40 cents, 5 cents...I'm thinking some may agree? Maybe?
Comment by
MrBigger on Aug 09, 2017 3:30pm
They are at 14 cents based on what they have proven to date and 10's of millions in drilling, bulk samples ,studies, etc. Do not see how a few drill holes on a known pipe to increase tonnage are going to get them to double their market cap. Need another catalyst IMO
Comment by
teddygva on Aug 09, 2017 3:58pm
well if they want to go production one day there should and will be a major discovery that will secure more than a billion $ project. It is already a billion dollar but it can double
Comment by
griefman on Aug 09, 2017 5:10pm
Mike your points are well taken and my comment is directed to what seems to be a buy and hold philosophy that in the heyday of the Pez and the Vancouver stock exchange, would be thought as craziness. A paper win or lost over a long period of time seems useless and for what reason...when do you sell, why do you sell or buy? Seems obvious to me....
Comment by
griefman on Aug 09, 2017 6:49pm
Mike as you noted, many permutations to consider over many years and years.