Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum PMI GOLD CORPORATION PMVGF

Metals & Mining Gold

GREY:PMVGF - Post Discussion

PMI GOLD CORPORATION > What is going on?
View:
Post by dbraunraich on Jan 25, 2011 12:01pm

What is going on?

Does anyone know why the stock has traded so low? New CEO or what?
Comment by OracleOfOttawa on Jan 25, 2011 9:24pm
I think the problem is that this stock is actually pretty "il-liquid" - there are some people out there with pretty big blocks. They don't care about today, they don't care about tomorrow. As long as they get a good return on their investment they are happy - their time horizons are a little longer than yours or mine probably.if this thing goes to three or four dollars in a ...more  
Comment by twintomatoes on Jan 26, 2011 8:17pm
Ottawa, you pretty much summed it all up!Few things I might add, gold is just in a consoladation phase before its next run up. I predict 1600-1800 for the price of gold.The states is running a 1.5 trillion deficit next year! They are printing press can't keep up- they are ruining thier dollar!PMI gold IMO has never been in better shape! They have a great management team now, they added some ...more  
Comment by OracleOfOttawa on Jan 26, 2011 8:42pm
Trying to figure out why someone would want the stock price low, unless of course, they were shorting it.How about this?You are going to grant some options.  Now typically you want someone to think they are going to make money off the options, so the lower the option price and the higher the potential of the stock, the better.BUT, if a stock is trading around 80 cents, you can't really ...more  
Comment by twintomatoes on Jan 27, 2011 8:05pm
OttawaThe 5m options to Mr Ellison were at 90 cents! Well I guess I was right...or wrong whatever way you look at at. I thought we wouldnt see the 50 cents again(really meaning 60 and above only) today we have a low of 46 cents WTF???RBC bailed bigtime on this stock, not sure why? Like I said yesterday the fundamentals with the company and gold in general are still in tact. The truth it really ...more  
Comment by OracleOfOttawa on Jan 27, 2011 8:46pm
TD Sec and CIBC were right there hoovering up all that RBC was belching out.They were dropping 50K at a time, no problem - they obviously don't see anything wrong with this stock....Probably picked up about 1.2M of the shares today (1.5M sold)Feel bad for the "little guys" who panicked and sold today.Just reinforces what I said about how one person selling can really drive down the ...more  
PMI GOLD CORPORATION