I wish I had the answers to your questions however I do not. Currently awaiting the completion of an Environmental Impact Assessment (EIA) process, with approval (if granted) being a key catalyst moving forward.
Happy to sit and wait this one out, top 20 own approx 67% of shares on offer, management have skin in the game and in my opinion are running a tight ship in what has been trying conditions........ refreshing to see such an exploration to admin ratio below.
From quarter ending Dec 31 2015:
Also from the report...... ''The Board is actively implementing a number of strategies aimed at further reducing overheads and head-office expenses, with an overall target of a 25% minimum reduction. Following the resignations of Mr Philip Gray and Mr Tim Manners, the Board will now consist of the statutory minimum of three directors. In addition, the Board is reviewing the remuneration of the remaining directors and will announce further changes in due course.''
Sure, PGO is very much a speculative stock however with improving sentiment towards POG, falling $AUD, significant infrastructure in place, low upfront capex, potentially low (>$1,000 p/oz) AISC, increased volume..... I have satisfied my personal risk v reward scenarios at current market cap and have built a position accordingly. Good luck in your research/investment decision moving forward.
