PGO 5.62% 8.4¢ pacgold limited

Ann: Toll Treatment Update, page-11

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  1. 239 Posts.
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    Overall pretty disappointing announcement being in production in either March or June next year with no prior mention to shareholders on these issues surrounding milling contracts in respect to mining start up Q4 2017. Surprised PGO hasn't been sold down further to be honest, the announcement isn't all that bad in my view, as the gold isn't going away where and it will allow more time to accumulate the shares.

    The share price will more than likely trade between 0.043 - and 0.056 cents over the coming months if nothing substantial happens with Mt Bundy, still plenty of upside to come with an increasing gold price with a falling AUD and equity indices in the US at all time highs which should see the CAPE ratio coming into effect soon enough.

    Geochemical sampling still to take place at Coolgardie to look forward to, further investigation around the gold nuggets at MT Bundy and with the PFS, due for release during 1H 2018, that's building on the successful scoping study completed on the Mount Bundy Project in April 2017 (see ASX 19 April 2017).
 
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Last
8.4¢
Change
-0.005(5.62%)
Mkt cap ! $10.09M
Open High Low Value Volume
8.7¢ 8.8¢ 8.4¢ $41.07K 481.6K

Buyers (Bids)

No. Vol. Price($)
1 5056 8.4¢
 

Sellers (Offers)

Price($) Vol. No.
8.7¢ 131766 1
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Last trade - 15.52pm 07/11/2024 (20 minute delay) ?
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