Patagonia Gold Share Discussion Threads

[hazl] 11/2/2016 07:56

told you this would be the year for gold...........8-)

IMO

[investment dave] 11/2/2016 06:41

Gold currently 1208!!!!!!!!!Pgd now a sustainable and profitable business if current gold price remains. If gold prices rise even further then what a turn around this would br

[lochlea] 09/2/2016 18:24

Hi G(SG)

Maybe I was being a tad uncharitable about Ford's article and based my comments more on previous ones he's written. It was a fair & helpful article. Not so sure about it being balanced though.
I have always conceded that there's been external factors outside managements' control over the years. However look at the huge number of fundraisers they justified money being raised on what turned out to be ultimately non-delivery. Staggeringly consistent or staggeringly unlucky depending on your take. If after raising over £100 million they went to the wall it would have been criminal.

Still, on the positive, all the old duffers have now gone and hopefully the new CEO is working hard at the coal face to get things moving to coincide with PoG recovering.
And hopefully the selling of PGD stock at these lows over the past few months will cease.
Hope springs eternal. Watch this space. All the best. Sincerely. G.

[investment dave] 09/2/2016 14:03

here we go breakout nearly confirmed

[investment dave] 09/2/2016 13:56

there is also a 50,000 buyer as well. Once the seller is complete these will take off

[tizzer] 09/2/2016 13:55

It's a shame that we appear to have a 400k seller at the moment or else this could be potentially breaking out to a new range....time will tell

[investment dave] 09/2/2016 13:10

gold nearly touching 1200

[investment dave] 09/2/2016 12:53

yes a great read. I will be adding here in the near future when funds become available

[gsg] 09/2/2016 11:50

A positive well balanced article imo. If PGD could back it up with some genuine news, (unlike the previous regimes drilling techno babble) then the company could show some progression.

To be fair PGD has had to work through a difficult set of circumstances. The bottom of a gold cycle, an Argentinian economy in meltdown mode, an aged group of directors, Chubut state government in nutcase mode, so its a wonder that PGD is still here.

The irony is that PGD has three, potentially company making assets. The Santa Cruz property portfolio, the Chubut property, and now Uruguay. Decent news on any one of them could dramatically change the outlook. With the change in PGD management, gold on the rise, and the new Argentine government, I'm ever hopeful.

Would'nt it be great to hear some progressive news on Chubut one day!?

[lochlea] 09/2/2016 09:24

Gives us some hope & optimism reading between the lines that something might be progressing in Patagonia other than Lomada...... at last. Although article tells us nothing we didn't already know produced by a Company who have written endless bullish reviews of PGD over many years.

[robers98] 08/2/2016 21:50

www.proactiveinvestors.co.uk/companies/news/122283/patagonia-gold-offers-big-upside-in-south-america-122283.html

Patagonia Gold offers big upside in South America

Patagonia's gold exploration upside in Argentina and Uruguay is now supported by small scale gold production

[chutes01] 08/2/2016 15:28

its being messed about with, offer keeps being dropped from 2.25 - 2p, think they are trying for more shares before shunting it higher.

[investment dave] 08/2/2016 15:14

how on earth is this not trading higher today.??

[lochlea] 08/2/2016 15:00

Hi wigwammer

I wouldn't argue with what you say. Other than to qualify that in my opinion one main reason why there's no buyers about is PGD's credibility & reputation is shot to pieces. Promise the earth and deliver way less has been the pattern over many years now. The AR should make for interesting reading on cash burn. I hope you're right but they did raise one heck of a lot of money 14 months ago - wonder how much is left?

My last purchase was at 1.8p (as stated on another BB on the day). After finding my HPD shares this morning - bitter, sweet. I have more holding. But my average just shot up!! C'est la vie.

GSG - fantastic post again mate. What's Level 2 doing today? LOL.

[chutes01] 08/2/2016 13:47

no real buyers around but that should change in time
gold reaching for 1200

[hazl] 08/2/2016 13:39

Wigwammer good post

[gsg] 08/2/2016 12:56

IMO a gold price above $1300+ would begin to re-float some of the grounded minnow gold producers.

[investment dave] 08/2/2016 12:51

look at the gold price

[wigwammer] 08/2/2016 12:40

Yes. It's not been good.Point is now:1) the burn rate is quite low, and will get lower as pog rises and currency falls2) they sustain quite a high market cap - presumably given the "potential" scale of the assetsie it can fairly easily fund itself, with little dilution But if pog were to go a lot higher, presumably the more optimistic resource estimates would come back into play and this may multiply back to previous market cap ranges. I agree - they haven't hit targets, they're way behind, but.... they are producing something, they aren't burning huge amounts of cash, the resources are still there, the share has reasonable liquidity, and most attractive of all - you're paying a fraction what you were paying before.

[lochlea] 08/2/2016 11:53

For me, this is a hold. Won't be buying ever again I don't think. Ever hopeful exciting news is round the corner and the share price recovers. That must be the optimist in me, eh?!

Came across a HPD certificate I had forgotten I still had from 13 years ago. Can't find the Contract Note but it must have been circa 8p to 12p from memory. Certificate in pristine condition although I'd have thought the paper was once white and not faded yellow.

8p to 1.75p in 13 years - there's investment performance for you!!

[wigwammer] 08/2/2016 11:30

When would you buy locklea?

[lochlea] 08/2/2016 10:02

Woe is me!!! LMAO.

[lochlea] 08/2/2016 09:57

Thanks for the lecture,pal.
I am only highlighting & being critical of obvious shortcomings within the Company. If that's interpreted by you & others as being "woe is me" then there's nowt I can do about that.

They have spent over £100 million over 15 years and okay they have all been absolutely brilliant in their roles and have achieved everything they said they would over those 15 years and so many of them have gone off through the exit door with their heads held high. If not the case, the many times they failed to deliver was of course never the companies fault.

I'm invested in another similar company that announced completion of a JV this morning. There's been something like 100 individual trades this morning. Okay there might be the usual odd pumper & dumper brigade involved....... but you compare that to PGD announcement of their recent JV(ish). Even appreciating comparing apples with pears isn't the easiest........ the only conclusion I come to is PGD's reputation & credibility is on the floor after so many fundraisers & dilutions and failure to deliver over so many years.

[hazl] 08/2/2016 09:34

You say that you post the truth but everybody has their own perception and you can't help being a 'woe is me' person I can see that.
I acknowledge that this has some political risk and concede that you are not completely wrong.
However,that is not the company's fault and they are going through the process of trying to address that by expanding in a different area.
Robers has highlighted a good article, I don't see anything but people trying to keep us informed rather than 'ramping'.
I think nobody would disagree that each and every gold miner has been in a bad place in recent times.
I am not suggesting that everybody should rush in and get shares like this they will always have some risks but gold miners are off their lows at present.

If your last statement is true how can you expect people to be interested enough to read this board if you tread on any rise?
Lastly I will say that this company will succeed or not whatever we say here so I don't intend to post often.
Good luck folks.

IMO

[lochlea] 07/2/2016 22:35

Call me whatever you like. Meaningless trivia & water off a duck's back to me.

All I post is the truth. Not ramping bullish tenuous links.

Nobody wants to see the share price rise more than me.