Patagonia Gold Share Discussion Threads

[chutes01] 19/5/2017 16:01

time for this bad boy to recover

[kirk 6] 17/5/2017 17:32

Gold flying hence this should be much higher

[investment dave] 16/5/2017 14:31

Finally starting to move higher!! A long way to go

[investment dave] 05/5/2017 22:56

Agreed crazy really. Maybe one day this will be loved again

[steeplejack] 05/5/2017 14:11

Um ..despite cynical comments by me in the past,I can't see why this company is so unloved.It seems to be moving very much in the right direction under new management.

[investment dave] 05/5/2017 10:48

Is this not good news

[kirk 6] 05/5/2017 07:43

Patagonia Gold Plc (AIM:PGD), the mining and development company with gold and silver projects in Argentina, Chile and Uruguay, is pleased to provide an update on its operations, including in respect of its Cap-Oeste project and its exploration assets.Cap-OesteAs previously announced, following higher than anticipated clay content in the ore, the Company is currently installing an agglomeration unit at its open pit mine and heap leach processing facility at Cap-Oeste, and good progress is being made in this regard.All civil works and liner installation for the expanded heap leach area and agglomeration unit have been completed and several main components including cement silos, generator, stacking conveyors and electrical infrastr

[gsg] 27/4/2017 11:43

AGM underway.

[hazl] 27/4/2017 10:36

Yes looking interesting again steeplejack thanks robers.

[steeplejack] 26/4/2017 18:53

Thanks for posting Robers68,most useful post that clarifies things for me!I've been less than kind about Patty in the past but it does begin to look decidedly undervalued.

So farewell Mariana....Condor Gold next i speculate.

[robers98] 26/4/2017 13:18

Interesting over at MARL.

www.proactiveinvestors.co.uk/companies/news/176898/mariana-resources-agrees-to-be-taken-over-in-a-deal-that-values-gold-digger-at-167mln-176898.html

[pecker1] 25/4/2017 13:34

Clarification of rationale from a good news release:

[hazl] 25/4/2017 10:52

They are thinking ahead.

[gsg] 25/4/2017 10:07

At least PGD are monetising their land bank which is way larger than they have the resources to develop themselves.


Looking at the deal with the rose tints on, there could be a good outcome for PGD. Pan American have the muscle to get commercial production up and running quickly if they chose too. PGD could get their remaining $7.5m within the year and get a recurring income from the 1.5% NSR. That's way better than trying to develop COSE via more dilution. Not to sure about the new option on Calcatreu, but happy to see what they can make of it.

"The remaining US$7.5 million will be payable in cash to PGSA 12 months after Completion or if earlier, upon the commencement of commercial production at COSE. In addition to the cash consideration, Minera Triton will, upon Completion, grant PGSA a 1.5% NSR on production from COSE. If Minera Triton does not pay the deferred consideration of US$7.5 million within 12 months of Completion, COSE will revert to PGSA and Minera Triton will be entitled to retain a 3.0% NSR on production from COSE."

[eview] 25/4/2017 09:49

Don't often post here but the way it looks to me is that they will generate monies from Cap-Oeste and sell Cose. They will pay down debt and look at other prespects internally as well as externally so I can't understand why people are saying that there will be another cash call as if they still are saying 68000 oz being produced this year then they will have cash and an asset swap Seems OK to me unless I have read t wrong

[eview] 25/4/2017 09:49

Don't often post here but the way it looks to me is that they will generate monies from Cap-Oeste and sell Cose. They will pay down debt and look at other prespects internally as well as externally so I can't understand why people are saying that there will be another cash call as if they still are saying 68000 oz being produced this year then they will have cash and an asset swap Seems OK to me unless I have read t wrong

[hazl] 25/4/2017 09:27

Progress will take time and money.........that's why they're only 1.8p.

IMO

[steeplejack] 25/4/2017 09:23

Ok,well that's good news then.If they've sold a prospect rather than a cash flow producing leach pit,that's great.I don't think that that's generally appreciated though.On the LSE,they're thinking,mistakenly perhaps like me,that they've parted with the leach pit etc.

[robers98] 25/4/2017 09:13

Steeplejack, just pointing out it is only a small area. Cap oeste main HL is the cash producing element that is under going an upgrade at present.

[steeplejack] 25/4/2017 09:05

Bearing in mind robers98 comment.its not clear to me what PGD are swapping,selling whatever.Will they retain the leaching facilities etc.COSE ProjectCOSE is a sub vertical shear-hosted low to mid sulphidation high grade ore body situated 1.8 kilometres to the southeast of the Cap-Oeste deposit in Santa Cruz Province. As calculated by CUBE consulting in August 2014, COSE has a JORC Code compliant resources of 49,000 tonnes @ 27.8 g/t Au and 1,466 g/t Ag for 44,000 oz Au and 2,325,000 oz Ag in the Indicated category and 20,000 tonnes @ 12.5g/t Au and 721 g/t Ag for 8,000 oz Au and 464,000 oz Ag in the Inferred category.

[steeplejack] 25/4/2017 08:46

Yes I agree Andy and that's why the market has given the move a muted response.

[andy] 25/4/2017 08:40

Steeple,

It is an asset swap of sorts, but the 2nd $7.5 million tranche is not due for a year (or production if sooner) but the $15 million for Calcatreu is due in 6 months, if they take up the option, unless some of that payment is deferred until the 2nd tranche of the sale comes in.

Either way it is advance notice of a placing because they are going to use some of the incoming funds to pay down debt, and other money for "general working capital purposes", pay the wages and bills to you and I.

So the $15 million will not cover the $15 million out, assuming they complete at Calcatreu of course.