Patagonia Gold Share Discussion Threads

[hazl] 31/1/2016 19:00

'The company’s prize asset however is Carlos Miguens Bemberg, chairman since City grandee Sir John Craven retired in January. The pair originally met over the sale for $1.8bn of Argentina’s national beer, Quilmes, owned by the Bemberg family since 1888.'

from an oldish article in globalminingobserver.com

let's hope the beer sale is a good sign......

[hazl] 31/1/2016 13:33

good luck chutes

[chutes01] 29/1/2016 23:11

yes, took a large position this afternoon, good luck

[investment dave] 29/1/2016 16:50

Can see this really moving fast soon gold share will regain their glory

[hazl] 29/1/2016 16:39

a blue finish bodes well

IMO

[lochlea] 28/1/2016 19:05

........ maybe Carlos is too busy brown-nosing it elsewhere to be available to sign off the agreement?

[lochlea] 28/1/2016 18:51

They originally stated that the time frame was end of December. That was pushed back to end of Jan.
They had already done partial due diligence in October when they announced agreement in principle in November.
You'd have thought 3 months was enough time to sort everything out. Not as if they are buying the Company or negotiating any terms & conditions they haven't already agreed to.

[lochlea] 28/1/2016 18:48

9 Nov 2015

"The Company is targeting finalisation of the Earn-In Agreement by the end of December 2015"

[johnsalv] 28/1/2016 17:46

. Finalisation of the requisite documentation is ongoing and it is now EXPECTED that the Earn-In Agreement will be entered into by the end of January 2016."Expected"

[lochlea] 28/1/2016 16:52

Update on Uruguay tomorrow then?
If not, we'll be into February and yet another delivery date missed.

[lochlea] 28/1/2016 16:44

C'mon - what were you expecting? A drilling update? Another fundraising?

Watch this space. Cash is King.

[luni2] 28/1/2016 15:36

And???? John?? Big deal, some press release mentioned miguens!

[chutes01] 27/1/2016 20:54

looks ready to move

[hazl] 27/1/2016 20:16

Federal Reserve leaves rates unchanged, said 'economy slowed since December'

This is very important for the gold market.....game on!

We just need PGD to show its got some strength now,as the miners will be in play,in my opinion.

IMO

[investment dave] 27/1/2016 17:47

Looks good now for 2p+

[lochlea] 27/1/2016 14:11

Yes, hazl, let's hope so.
See CNR's share price has doubled in a matter of days. Just shows you what a bit of news flow from the Company and some buying of stock can do.

[hazl] 27/1/2016 13:16

tTp://www.zealllc.com/2015/fg2016up.htm


'Thus as 2016 dawns, the whole premise for selling gold near major secular lows is totally wrong. Gold only hit these lows because investment demand remained low as extreme bearish psychology choked out all logic and reason. But the Fed actually hiking rates for the first time in 9.5 years, ending 7 years of ZIRP, will serve as the acid test to shatter these false notions. Gold hasn’t plunged post-hike as widely forecast!



And that means gold-futures speculators and stock investors alike are going to have to seriously rethink their whole gold thesis. As they realize that rate hikes won’t slaughter gold, investment demand is going to start returning. And coming from such epically-extreme anomalous lows, it is going to take a massive amount of gold buying to restore normalcy in the gold market. That normalization is inevitable in 2016.



Major gold uplegs have three distinct stages of buying, with groups of traders handing off the baton like a relay race. New gold uplegs are initially ignited and fueled by speculators buying gold futures to cover their risky hyper-leveraged shorts. That sparking surge of buying lasts several months or so, propelling gold’s price high enough to get speculators interested in redeploying capital in long futures positions again.'

This sounds very hopeful....lets hope they are right.

IMO

[investment dave] 26/1/2016 20:57

Gold absolutely flying. Can see this moving higher very soon

[lochlea] 26/1/2016 18:23

luffness aka luni - what was to stop them dumping 12 months back with the other PGD stock they sold? What about the likes of HGM & CEY? VE have bought stock there during 2015.

[lochlea] 26/1/2016 18:21

Clearly it's a positive change of momentum with PoG. Although ideally PGD needs PoG to be $1,200 min to show a descent/attractive gross margin.

Not enticing any buyers/investors yet to little ol' PGD. Sells seem to out-number buys even at these lows. Maybe that'll change with announcement on confirmation of Uruguay project. Though can't see why. More likely Lomada production figures showing bullish numbers (for first time ever!!). You never know, with luck we may get some positive drilling updates, given Humphries comments 12 months back on that front about the exciting prospects they were working on.

[luffness] 26/1/2016 18:12

It'd be reassuring is see Van Eck make some additional commitment. Since they dumped 30 million stock over 12 months ago they still remain a significant shareholder, however haven't bought a single share in PGD since 2014. Let's hope they ain't a "disenchanted bull" like me

Quite the opposite will happen - Van Eck are an index fund - PGD is no longer in the index so they shouldnt be holding it and will no doubt start dumping again as soon as they can

[lochlea] 26/1/2016 17:11

When this was first announced back in November I posted that imo I sincerely hoped there was FAR more to the Uruguay project/proposal than first meets the eye.

I do hope so.