Re. Pat Gold.....I still feel that the money markets know when they are onto a good thing......after all....they are pretty unregulated really (the PRA is just the FSA with a different name...still toothless). And this share does not reflect value. It is a pawn which is allowed to be at the present level due to manipulation of the debt uncertainty. The uncertainty still remains according to the financial press, which makes it fair game. Like one other poster...i still feel share will be range bound for quite a while...am surprised not been pushed down further in fact, after last 2 days. I still appreciate positive influences...all those who can back up arguments that see POG rising though. Still want to keep the faith!
Patagonia Gold (pgd)
We are now valued at the same price market cap wise as this company! They have never had any revenue as they are still an explorer and loss make every year. Their asset value is 43 million ours is 2.6 billion. Words absolutely fail me with this sp :(
Gotta agree withjohn henry re. share-controllers (they are making too much money to give up The fragility of POG s/p. And with c-inshot with 33-38 for couple of months...I can see the odd flurry above , but share too fragile and easily manipulated to make anything solid. i want to be optimistic , but am just resigning self to a certain lack of control here and much patience (not forthcoming must admit).
Guys, gold price is also at play here. http://invezz.com/news/commodities/12228-gold-falls-below-1300-dollars-as-funds-flow-into-rising-stocks
RE: Re: the only way is up
Probably an unjust comment. I think its high risk now for someone to short as evidence suggests the market is buying sub 34. But you've got day traders taking the small percentages. Overall I think at least one of the older short positions will close or reduce. But I just don't think you'll see much movement out of the 33 - 38 range for the next 2 months.
Re: the only way is up
Hi Crakinshot, A lot of wool around here? (You mean too much optimism?)How do you see this moving? Kind regards, Bbb
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