Patagonia Gold Share Discussion Threads

[hazl] 07/2/2016 20:52

disenchanted bull......


imo

[hazl] 07/2/2016 09:18

yes investment dave looking better in that respect

[investment dave] 07/2/2016 09:10

Excellent read for foreign investment. Really starting to look up for Patagonia gold

[hazl] 06/2/2016 19:20

ROBERS thanks for that.I saw some article earlier in the week leading upto this.
Am I the only one that feels sorry for Argentina?
These hedge-funds can be like vultures,in my opinion.

[robers98] 06/2/2016 18:19

Argentina makes offer to foreign creditors

The Argentine government has made an official proposal to foreign investors holding $9bn (£6.25bn) in bonds the country defaulted on.

After five days of negotiations in New York, it offered to pay 75% of the amount awarded by US courts in 2012.

The long-standing dispute has restricted the country's access to international credit markets.

The investors bought the bonds at heavily discounted rates after the country's economy collapsed in 2002.

Argentina has now offered $6.5bn to settle the dispute, said court-appointed mediator Daniel Pollack.

"This is the first time Argentina makes a formal offer to the holdouts," said Argentina's government in a statement.

It added that some funds such as Montreaux Partners and Dart Management had already accepted the proposal.

'Vulture funds'

Shortly after being sworn in in December, new Argentine President Mauricio Macri opened negotiations with the bond-holders.

His predecessor, Cristina Fernandez de Kirchner, had refused to negotiate with the investors, calling them "vulture funds".

The bonds were bought by hedge funds NML and Aurelius Capital Management for a fraction of their face value in the aftermath of Argentina's economic collapse in 2001.

The South American nation defaulted on its debts at the time.

It has since renegotiated its debts with 92% of the creditors who agreed to settle for one-third of what they were originally owed.

However, the hedge funds bought up a large chunk of the remaining distressed debt at low prices, and demand to be paid the full face value of their holding - $1.3bn.

New York Judge Thomas Griesa ruled in 2012 that Argentina must pay the creditors in full.

In June 2014, the US Supreme Court declined to hear Argentina's appeal against the decision.

Argentina refused to pay and went on default.

More recently, other bond holders, known as "Me Too", joined NML and Aurelius in the dispute.

Their claims, added to interest incurred since 2012, have increased the amount owed by Argentina.

Earlier this week, Argentina announced it had reached an agreement with Italian investors holding $900m in defaulted bonds

[investment dave] 05/2/2016 22:09

Gold now on 1175.

[alan@bj] 05/2/2016 21:22

Or mine for 50p!

[julian28] 05/2/2016 20:51

GSG.. You can have mine for a pound each !!

[gsg] 05/2/2016 20:45

On reflection, I'm looking for £1.50 this year.

[gsg] 05/2/2016 12:40

Still underwater on PGD lochlea. Hopefully the gold cycle is now on the up. It would be a real shocker if PGD could announce something truly positive.

[lochlea] 05/2/2016 12:26

Afternoon GSG. Trust you're well, staying dry and riding those waves? If only there were some to ride!!!

[gsg] 05/2/2016 12:06

I think you'r getting a bit over excited. Gold is still pretty much at a five year low and PGD has not put out any worthwhile news flow in approx five years. I'm a holder. Just stating the facts.

[investment dave] 04/2/2016 19:43

Bloody hell gold nearly touched 1160. This should make Patagonia if it can sustain in the long run. In addition if it can hit highs of 1500 again I fully expect 15-20p

[investment dave] 04/2/2016 17:53

On the verge of a major break out with the gold price

[lochlea] 04/2/2016 08:29

I've been saying for yonks that PoG needs to get back to $1,200 and stay north of there for PGD's sake. Hardly rocket science when you look at last published Lomada production figures with cash costs running at circa $1,180 (although that should improve in 2016 with tax changes & exchange rate issues & higher production). But it's still WAY higher costs than they were talking about a few years back when they were also confidently predicting to be producing 200k ozs pa by 2015. Same goes for the BB fan club & spokespeople who claimed to be long-term holders but have long since stopped posting.

That's why I thought the strategy had changed with them using all that massive sum they last raised would have gone into exploration to get the overall resource figure higher from the 200 property interests already owned.

But then came Uruguay 'out the hat'.

[hazl] 03/2/2016 21:44

kitco.com' Guest(s): George Gero

Gold hit a fresh 3-month high and breached a key technical barrier Wednesday, but should investors be giving in to the hype? 'I don’t think it’s a question of hype,’ one veteran trader tells Kitco News. RBC Capital Markets’ George Gero says gold investors had a great buying opportunity in gold late last year when prices took a dip, especially since prices are now up around 7% year-to-date. 'The question is: is it really different this time or is this sort of a bounce that may not last?’ The longtime precious metals strategist looks for gold prices to move higher this year as the Federal Reserve only raises interest rates twice, instead of the previously schedule four hikes. 'I think by the end of the year, I’m hoping to see, or at least, I’m prepared to see $1,200-1,300 [gold],’ he says. ‘But, I don’t think we’re going to see the funds jumping in until we start to stabilize at over $1,200,’ he adds. April Comex gold futures managed to breach above the key 200-day moving average on Wednesday, a key technical barrier last taken out in October, and settled the day 1% higher at $1,141.30 an ounce. Despite the sudden interest in gold, as seen by inflows into the market, Gero says the yellow metal remains ‘under-invested’ by funds. Kitco News, February 3, 2016.'

[chutes01] 03/2/2016 19:00

I'd like to see the spread 1.75 - 2.25 move on up to nearer 3 - 3.5p level, but need some buyers, it's being neglected at the moment

[investment dave] 03/2/2016 18:10

This should move up massively soon

[chutes01] 03/2/2016 16:22

1140
ridiculous spread on these

[investment dave] 02/2/2016 20:42

Gold just struck 1130. pgd becoming more profitable

[lochlea] 02/2/2016 09:50

I see Mr tick up & down is back having fun hiding & playing with himself in front of his laptop!

LMAO

[lochlea] 02/2/2016 09:42

FWIW - personally never invested more than I could afford to lose. Way short of life savings for sure. But I did invest in the early days thinking either this or its ugly sister could supplement my pension. Fast forward 13-14 years and I'm now a pensioner and it hasn't materialised. Guess I got suckered into all the confident predictions of being a 200k oz pa producer by 2015. And the hype on various BBs. Okay there are external factors that the Company have had no control over - but they have consistently failed to deliver over a great number of years. And its credibility today as an investment consideration suffers as a result imho.

[hazl] 02/2/2016 09:15

Thanks bob,let's hope so, its a reminder not to not put your life savings in...just in case.

[bobdouthwaite] 02/2/2016 09:09

hazl, the political climate for mining in Uruguay is begnign (see Orosur's reports) and with the arrival of Macri as President of Argentina the situation there could get a whole lot better.