While producing goldies went north today PGO went further south,...

While producing goldies went north today PGO went further south, this proves that cash is king right now as PGO have the gold.

I think they should raise the capital now before further dilution occurs. As a long term play it’s current price is very cheap, but in the short term there could be more pain to come.

Once they get some more money in the bank the Share price will turn around, as I think a lack of cash reserves is the only thing driving this down at the moment, as it’s not tracking with the recent uptick in the gold price that much is known.

One winner in this drop is their drilling company….. they are being paid in shares… so the more it drops the more they get.