Business as usual tomorrow, with the highest volume being traded...

Business as usual tomorrow, with the highest volume being traded since PGO began its acquisition into a gold mining company this has brought new investors to the market or a big volume churn from Macpherson Resources or another large holder within the company to a new investor.

Charts looking good with strong bullish signals from MACD currently trading above 0; the 30 day moving average making the underlying average move higher, both 50 and 100 day moving averages almost level with each other with share price trading above, money flow index over the last 100 days shows the stock being heavily accumulated not rising into overbought territory as its still below 80 and the slow stochastic currently generates a screaming buy signal with it still sitting below overbought territory of 80 given Fridays huge volume. Being realistic if tomorrows announcement is favourable I can seen PGO trading above 0.097 cents in the very near term.

More than likely the trading halt is a request of the ASX for clarification, in the current environment from Fridays action there could be the possible that PGO's share price follows the same trajectory as some of the Pilbara explorers recently.

With the already huge resource base of Mount Bundy, I'm under the impression that with an ore body that size once more capital is spent on exploration the grades will increase at depth with potential discoveries on virgin ground on their tenements.

A few posters have mentioned the regulatory approvals are a nightmare in the Northern Territory, which in no doubt are harder than other states but to put it in perspective there's been 3 mines operating or on care and maintenance in close proximity to each other there since the 90's, where the was an operating  mine previously it will be much easier for permitting to be approved. The economy in Darwin is also in pretty bad shape, any substantial development in the size of the project 100kms from Darwin will be welcomed be the local government to generate taxes and more jobs.

Mt Bundy's is the long play with the biggest hurdle going to be CAPEX, by the time PGO are ready to start development the project could cost up to $200 million.

I've invested in PGO for the long game, great management already increasing substancial value for shareholders willing to wait.