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Slipper back near all time lows from what wasn’t really a bad rns just another slightly missed target. Still a very cheap stock atm and has the potential to 5-10 bag in 2019
waffle aside I get the impression you don't like PGD ;)
I'd completely written this one off as a dead duck... but you never know.
and misleading ramping nonsense what you say " the Miguens family is the true BIG beast of locals who know precisely where the gold is".
Neither Carlos or any of his family know anything material about the mining industry. They have made their wealth in other fields.
But they have been invested here BIG time for just shy of 15 years. They must be wishing they hadn't as the reality is they are sitting on a HUGE financial paper loss. Something in the order of £100 million. Hardly a success story after 15 years?
They are NOT explorers. Never have been. Never will be. Except for Calcatreu all the historic PGD exploring has been done by those no longer with the Company (ie Humphries + Sale + Boyce).
You are entitled to your positive bullish thoughts. But please stick to something nearer to facts & reality and not ramping drivel.
Not really maddskt! I put big money where my mouth is! Every shareholder is Entitled its position ! Fare enough !
As has been posted on another BB by another poster in response to your drivel........ what you say is misleading ramping nonsense about the Carlos & the Concert Party.
Sorry I didn't read your post but for some reason my RNS alert chopped off the bottom with the comparison to guidance.
I never like a RNS on a Friday! Overall not disastrous but a bit disappointing.
Todays news means very little for few ozs less ! PGD is FAR better Explores than miner for sure and the Miguens family is the true BIG beast of locals who know precisely where the gold is, hence the forthcoming Calcatreu discovery, hopefully BIG, along with recently announced 4 free property from GoldCorp Before its takeover by Newmont, goodies leave to friends !!! See all new institution shareholders !! Long term play for a big takeover bid by majors when gold price start to shoot up soon! This is the game here I believe !! GLA
Can't you read the RNS? The answer is there!!
Is production in line with expectations?
over an hour ago - not sure why it hasn't shown yet on this platform:-
18/01/2019 1:00pm
UK Regulatory (RNS & others)
Patagonia Gold (LSE:PGD)
Intraday Stock Chart
Today : Friday 18 January 2019
Click Here for more Patagonia Gold Charts.
TIDMPGD
RNS Number : 5382N
Patagonia Gold PLC
18 January 2019
18 January 2019
Patagonia Gold Plc
("Patagonia Gold" or the "Company")
Production Update
Patagonia Gold Plc, the mining company with gold and silver projects in the Patagonia region of Argentina, Chile and Uruguay, is pleased to provide an update on production at Cap Oeste for Q4 2018.
Highlights:
-- Production at Cap Oeste for Q4 2018 was 7,677 oz AuEq at an average cost of US$580/oz AuEq
-- Total production for year 2018 was 42,906 oz AuEq (2017: 20,088 oz AuEq, excluding production from Lomada de Leiva of 5,917 oz Au) at an average cost of US$507
-- Re-handling of the stockpiled ore at Lomada resumed as planned at the end of November 2018
-- Planned production for 2019 is being reviewed and a guidance will be made during Q1 2019
-- Total debt of US$21.9 million as at 31 December 2018 (2017: US$25.5 million)
Production at Cap Oeste for Q4 2018 totalled 7,677 oz AuEq (Q3 2018: 12,160 oz AuEq), at an average cash cost of US$580/oz (Q3 2018: US$360/oz) and US$629/oz (Q3 2018: US$396/oz), including depreciation and amortisation. Production from Cap Oeste was lower than in Q3 2018 as a result of lower than anticipated grades in the material being re-handled, repeated labour disruptions with the union (AOMA) in Santa Cruz and downtime of the crushing circuit.
Production for the year 2018 was 42,906 oz AuEq (2017: 20,088 oz AuEq, not considering production from Lomada de Leiva of 5,917 oz Au), approximately 5 per cent. below the guidance of 45,000 oz AuEq. This lower than anticipated production during Q4, primarily during the month of December 2018, was the main reason for not achieving guidance. The average cash cost for the year was US$507/oz Au and US$552/oz AuEq including depreciation and amortisation.
Re-handling and crushing of the stockpiled ore at Lomada resumed at the end of November 2018. Production for the month of operation was approximately 300 oz Au.
The net proceeds from the sales of Cap Oeste together with the proceeds from the sale of the COSE royalty announced on 21 December 2018 have been applied to overheads, exploration costs, capital expenditure and to reduce bank debt. The debt as at 31 December 2018 was US$21.9 million (2017: US$25.5 million).
The Company is currently reviewing the planned production from Cap Oeste and Lomada for 2019 and plans to announce this guidance by 31 March 2019.
The Company continues to review alternative opportunities to extract value from the COSE-style hypogene mineralisation, which lies below the completed open pit and which is estimated to hold approximately 300,000 oz AuEq at 20 g/t AuEq.
Edzi - you're not alone! I also purchased at 8 pence, back in 2008 I recall - watched them go to 70 pence, sold when they fell to 50 pence, and bought back in at 35 pence trying to catch a falling knife! Sitting on a huge loss and long ago forgot about these shares. So this recent rally is most welcome. Deja-vu??!!
Guys : I still think the recent rapid rerating and HUGE potential would well be caused by the rapid gold price rally $1297 last nit at US time (as USD going down), break off and over the $1300/oz will make the economics for the 300,000oz of reserve beneath the open pit at Cap Oeste works out perfectly, let along the forthcoming drilling results on Calcatreu, PLUS free 4 new properties in the area !!! vGiven the last round placing was 1p (100 today), I just CAN Not see why this is not going back to 150-200 range very soon. ! Hold and buy is still my approach !! Just personal position and no advice intended. GLA , Dr WHO
There are several other BBs Stewy.
It sometimes just takes one pump(er) to be taken seriously and the sheep will follow.
There certainly was pumping of this stock on other platforms as soon as the price started to shift quickly last week when it was well sub 1p....... sorry £1..
Lol ever since he posted that the price went down so that doesn’t work! So back to my original post this ain’t being pumped and dumped just genuinely unloved and massively undervalued! £2 Is easily achievable this week look how moved to £1.45
EXACTLY my point......... ref 'pump & dump'!!
Kensington's unsubstantiated post about the takeover rumour has been removed. Go figure. DYOR
Stew
I have been a large investor here for more time than I want to remember. Bought in at 8p 12p 20p and watched it go to 70p but greed took over....
I have seen your last post and would like to know what medication you are on as I would welcome a dose of whatever it is myself
Lol we’re is that ? No one pumping from what I can see! In fact literally nothing on an media so far from pimp and dump ! Just massively undervalued and too cheap 20 m mkp is nothing ! I reckon these will be over £2 before week is out
??
Yep that aswell
quiet.....even!
quite today?
To correct my post below.
It's the cash burn that's been circa £200m over past 15 years.
The CP's investment probably in the region of £125m.
With Options etc a £10 disposal would value the Company at circa £300m,
Which probably sounds about fair value and a realistic acquisition offer as things stand.
However my back of the fag calcs thinks the CP have pumped in circa £200m over past 15 years, so they'd have to take a little bit of a hit to sell at £10 per share.
Maybe they have had enough? Who knows? It's certainly been a long hard slog with very little financial reward/return for them.
Personally I'd bite their hands off and vote for £10 if it was the offer. IF. It's a BIG 'if' of course.
I would certainly hope we £10-£20 in the not too distant future, with uncertainty in the markets and a high gold price this should be primed now for a major recovery! Shares also held extremely tightly