Post by
gold_diggers1 on Jul 12, 2013 8:53am
RE: Is this Good or Bad News
Well, this is a disappointing news and I expect to see further decline in share price..... Nothing to look forward to in the near future... as POG continues to trade below $1,372/oz on which the PFS is based. Management might as well find some buyers to take the company out like Andina Minerals (ADM) for $0.60/share...... (lucky you ADM sharegolders?!)......... unless they can come up with a FS based on POG $1,000/oz (like Alka Singh said......... Helloooooo)?!
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I have been questioning a few times recently the economic viability of Kiaka as POG drops below $1,372/oz.... but got no answers.... And now I have....
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GLTA
Comment by
VentureTrader1 on Jul 12, 2013 11:07am
You might regret leaving that .10 order out there based on this news. Maybe at .05 there'd be a chance of a decent rebound to warrant the risk of investing in a bankrupt company. At this point I'd prefer they just wrap it up and sell it off for book value.