PGO 5.62% 8.4¢ pacgold limited

I don't hold the stock at the moment, have been a long time...

  1. 239 Posts.
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    I don't hold the stock at the moment, have been a long time follower of the company watching it run from 2 cents getting in at 5 cents selling out on the run up to 18 cents. Today I have entered a few buy orders with them not being at the triggered price yet, for me I take the silence from the company as a good thing as they're focusing on the development of the company building their assets base, this is comming from a non holder of the shares though, if they were frequent in announcements that we're to pump the share price I think holders would be at a disadvantage in the current market with the interest rate decision coming next month with its effect on the POG.

    The fundamentals and management are solid with PGO having a resource base of +1.2 million ounces on the books, relatively low number of shares compared to peers, while transitioning from explorer to junior producer. One thing I've learnt about investing in this end of the market is if you enter into a stock like this having the lottery mindset not being prepared to wait out the share price swings until the true fundamentals of the company are realised you stand to be on the wrong side of it and frustrated with your self.

    Look at BLK for example if you invested 4 years ago and held onto it until last year the returns would of been phenomenal, thats only if your prepared to wait out the share price swings until the true fundamentals become known creating value in a stock.

    PGO represents a great buying opportunity even at these prices if you're willing to hold for the next 4 - 5 years, but remember always take profit / loss if the risk is to great.
    Last edited by jackfisher1: 02/06/17
 
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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) ?
PGO (ASX) Chart
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