Have to agree, whilst I don't hold, I am keeping tabs on PGO... its quite strange that back in the Dec quarterly, it clearly mentions that the Coolgardie mining study (page 4) will be completed and released in the first quarter of 2017. ... so at least 2 months late. But what annoys me is the March quarterly simply does not mention the mining study at all. Nothing, zip. Very poor and to me hints that the study was not looking that promising, so, more drilling will be needed. Why else would they not discuss it?
On paper PGO seems to have lots of potential... but... it cannot just be the the wet seasons that are putting investors off...?
The market cap is cheap, but by the end of the June, they will be back to having around $6m in cash and a project that will likely require around $180-200m to get into actual production (the recent Scoping Study clearly states their numbers do not include pre-production, which is one of the reasons I was at least underwhelmed by the announcement).
PGO just seems, like it is actually in no hurry to ever get anything actually done. Being a bit harsh perhaps, but... proof is in the share price. Good luck to all LT holders. The charts show a bumpy ride.
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Have to agree, whilst I don't hold, I am keeping tabs on PGO......
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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($) | Vol. | No. |
---|---|---|
8.7¢ | 131766 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 66000 | 0.075 |
1 | 10000 | 0.071 |
1 | 50000 | 0.070 |
1 | 200000 | 0.065 |
1 | 67231 | 0.063 |
Price($) | Vol. | No. |
---|---|---|
0.081 | 20103 | 1 |
0.082 | 25517 | 2 |
0.110 | 991 | 1 |
0.120 | 80000 | 1 |
0.150 | 12000 | 1 |
Last trade - 15.52pm 07/11/2024 (20 minute delay) ? |
PGO (ASX) Chart |