Patagonia Gold Share Discussion Threads

[hazl] 14/9/2016 15:41

Again that apparently last trade, seems to be clocked up at 2.16pm....
not necessarily sells, is my point and the rise in share price says it all

in my view.

imo

[justino] 14/9/2016 13:32

If the seller/overhang has finally cleared there's no reason why PGD shouldn't bounce strongly with imminent production due at Cap Oeste.

[hazl] 14/9/2016 12:53

SOME very interesting delayed trades,as well, earlier IMO

[hazl] 14/9/2016 12:46

Thanks justino excellent find.
There certainly seems to be a bit of blue here, compared to the various miners....perhaps you are onto something.

8-)

[gsg] 14/9/2016 12:38

Interesting find justino. With the value of the Santa Cruz properties effectively valued by the house broker at 3-6p depending on variables including the gold price, the only real game changer would be if PGD were able to have commercial access its property in Chubut with the lifting of the mining ban IMO. Whilst this may not happen in the short term, at least it gives us some hope value.

[justino] 14/9/2016 12:16

Interesting article as we also hold property in Chubut: Huemeles etc



Silver Producer Seeks Macri Magic to End Argentine Mining Ban
Pan American Silver Corp. has everything in place to start mining one of the world’s largest silver deposits. There’s only one problem: an Argentine province’s blanket ban on open pits.

Chairman Ross Beaty is hoping the country’s new President Mauricio Macri will help him convince authorities in Chubut province to lift the ban so his company can spend more than $1 billion on a mine that would start producing about 12 million ounces.

Macri -- who has repealed capital and currency controls and mineral export taxes since taking office in December to lure back investment -- pledged his support for the Navidad project at a meeting in Buenos Aires Tuesday, Beaty said. The new federal government is trying to convince provinces to follow suit by introducing more investor-friendly regulation.

The Vancouver-based miner is seeing “hopeful signs” that the ban will be lifted for a mid-sized mine that will generate thousands of jobs in a scarcely populated area of southern Argentina, Beaty said in an interview after meeting with Macri.
The company already has financing in place for Navidad’s $600 million first phase. Development would take 18 months to two years.

In neighboring Santa Cruz province, Pan American Silver was going to close an operating silver mine because of the controls introduced by Macri’s predecessors. The project got a reprieve with the change of federal government, Beaty said.
Now he’s is looking to boost production in the country with Navidad in a bid to tap a long-term silver bull run that he says will withstand monetary policy “noise.” The white metal is up 36 percent his year as low interest rates boost the appeal of investments that don’t pay dividends or coupons.

[investment dave] 14/9/2016 12:08

Have to say this looks good now and gaining momentum towards production. Could well see this doing some big gains shortly

[robers98] 14/9/2016 08:12

Rise from late yesterday continues

[investment dave] 13/9/2016 14:26

Firing up now

[hazl] 07/9/2016 13:01

Well I still have some hopes for PGD. Gold will tread water a while yet I think at least till US elections are over I would imagine.

IMO

[steeplejack] 07/9/2016 07:39

I retain some misplaced optimism as far as Mariana is concerned but I have no such hopes in the case of dear old Patty.

[shavian] 07/9/2016 07:23

And back to the low for 2016, despite seemingly solid good news. I had found myself vowing not to pour new money into junior goldies such as MARL and PDG, but my trigger finger is itching again. With POG wanting to bounce, this looks like a bargain at 1.5p, even with this spread.

[steeplejack] 06/9/2016 18:03

I remember some years back when it was believed that Lomada revenues would transform Patagonia's prospects,now apparently Cap Oeste will facilitate PGD fulfilling its destiny.Anyway,it's back to the issue price of 1.5p.Roll up,roll up.

[steeplejack] 06/9/2016 09:29

Price a bit weak.....time for another placing perhaps.

[hazl] 31/8/2016 09:01

good post robers

[investment dave] 30/8/2016 17:21

Nice. Better days ahead

[robers98] 30/8/2016 16:22

Patagonia Gold on brink of production at Cap-Oeste

14:13 30 Aug 2016
The idea is to switch output to Cap Oeste from the current Lomada mine, where recent gold output has bettered expectations.

News that Patagonia Gold plc (LON:PGD) is on track to start production at its flagship open pit mine at the Cap-Oeste in Argentina in September is the culmination of a long term operational goal at the firm.

The idea is to switch output to Cap Oeste from the current Lomada mine, where recent gold output has bettered expectations, once the Cap Oeste construction is complete.

Lomada has a stockpile until the end of 2017, when Cap -Oeste is expected to have reached a run rate of 67,000 oz per year

The relevant authority has now approved the development at Cap Oeste and with all mobile equipment already on site, Patagonia is now targeting initial production next month (September).

Broker Cantor Fitzgerald described this milestone as encouraging and repeated a recommendation for investors to buy the shares.

Caps off to Cap Oeste

Cap-Oeste lies on the El Tranquilo property, and on its own, holds 1.3 mln ounces of gold equivalent in the higher confidence indicated category, with a further 385,000 ounces inferred.

A nearby deposit Cap-Oeste South East (COSE), adds 83,000 further gold equivalent ounces of indicated, with a further 16,000 ounces inferred.

The pit design contains a total measured and indicated resource of 1.56 million tonnes (Mt) at 2.21 g/t gold and 80 g/t silver for a gold equivalent grade of 3.29 g/t

The current plans for the simple heap leach project envisage a two-year mine life for output of around 82,000oz gold equivalent ounces, with the option to increase this to six years with the development of the two underground projects.

Cap Oeste has been a stop-start project but in April, when the group revealed it had raised US$10mln via placing, the total cost of realising it was put at US$13.5mln, of which US$2.1mln had already been spent.

Major shareholder and chairman Carlos Miguens put up half the cash via a subscription, while the rest came from an open offer.

Cantor Fitzgerald upbeat on news

Asa Bridle at Cantor Fitzgerald highlighted the Lomada result within today's statement.

Leaching there following the end of mining in May this year, has delivered more gold than the company expected at 17,900 ounces against forecasts of 15,600 ounces and looked comfortable against the broker's full year expectations of 19,900 ounces.

"In addition, with today’s gold price offering more encouragement, exploration and evaluation of additional resources at Cap Oeste and Lomada is also underway," said Bridle.

What's it worth?

Cantor's sum of the parts (SoP) valuation of the company with varying pricing methods generate valuations of 3p and 6p/share respectively against a current share price for the company of around 1.8p (up 10% on the day).

Bridle notes however that if Patagonia can successfully establish production at Cap-Oeste and extend the life of the mine, it reckons valuations of around 6p are achievable in time.

The firm has three distinct property blocks. Cap Oeste and COSE lie on the firm's El Tranquilo property, while Lomada is on the La Paloma site. It also has the La Manchuria project around 60km north northeast of Gobernador Gregores in the Santa Cruz Province. That hosts the Manchuria Main Zone gold and silver project.

Patagonia Gold shares gained over 10.77% today, giving it a market cap of around £29mln.

[hazl] 30/8/2016 14:27

Or short termism...........the gold price may tread water for a while....
they know that but if and when there is a clear positive direction things may change.

People have to make their own minds up penny stocks are just that.


imo

[steeplejack] 30/8/2016 14:17

Yes the choice price will be markedly different but the width of the spread indicates two things...the illiquid nature of the stock and the subsequent lack of desire of marketmakers to make any capital commitment ie effectively they just want to match client orders.Its a bad sign and shows a real lack of faith .

[hazl] 30/8/2016 11:16

Real bid and offer are often different....but that is usually the case unless you are in more predicable territory.

IMO

[steeplejack] 30/8/2016 10:44

Wow,the spread has been narrowed from 1.5p - 2.0p (33%)to only 25% with an enticing quote of 1.6p-2.0pOne for the traders eh!

[johnsalv] 30/8/2016 10:28

17862 ozs au in 2016 at a cash cost of $572 per oz - Nice little earner


"Whilst mining ceased at Lomada in May 2016, irrigation of the heap leach pad has continued and Lomada produced 17,862 oz Au for the first seven months to 31 July 2016, which represents 14% above the Company's forecast for the period of 15,600 oz Au. Cash costs for the period were US$572 per oz."

[hazl] 30/8/2016 10:07

Shares are always about the future.
I am pleased to see investment being made and the word 'production' being used more and more.
It is about the gold price as ever and the reason why gold companies generally are treading water.
There are some choice months coming up for gold particularly next year if the long term trends are to be believed and that is why gold companies are at last off their lows.
Am pleased to see progress myself.

IMO

[luni2] 30/8/2016 10:01

The company had 1.7m dollars left in coffers at end of last year and were making a loss. They managed to raise another 10.5m dollars since then but now they're going to invest 13m dollars in this new project. Its no wonder the share price hasn't taken off.