ajinbali777
05 Jun 2017
Re: Realities Of Funding: Nice one lol, but good to see you posting again! Any thoughts on potential production in July and possibilities beyond life time of current mine? Imo still clawing their way out of the mire but perhaps a light at the end of the tunnel?
Antiques Of Woodstock
04 Jun 2017
Re: Realities Of Funding: Fat fingers - posted on wrong BB!Apologies.
Antiques Of Woodstock
04 Jun 2017
Realities Of Funding: Good morning AllWhilst like others here I am delighted that we are pressing ahead and sinking more holes in what is turning out to be decent sized gold play – I would just urge a degree of caution in that we have a finite amount of funding available having only raised 50% of what our management deemed was required during the last capital raising/share placement exercise. I am not concerned about the forthcoming figures once the information has been collated from the holes being sunk as all the pointers indicate that we are sitting on a decent gold play – my concern lies in our ability to raise the funding required to move on to the next stage.If we go it alone and move towards production – there is still much work to be done before we reach that point which involves additional funding being required. If we decide to farm out or sell out – whilst both options are possible – it’s unlikely that a third party are going to pay a huge premium above existing market cap to ‘buy in’ when they know that our options are limited.Certainly not meaning to ‘over egg’ the risks – but just mentioned because there are numerous companies out there who are trading at a substantial discount to net asset worth with serious amounts of ‘in ground recoverable’ assets – who are struggling to raise funding to enable them to bring those assets into production.This is not just true for the precious metals sector – the oil/gas sector has also been clobbered. So if you are sitting on funding and prepared to enter what is deemed by many to be a high risk investment in these economically cautious times – there are loads of bargains to consider which in turn will keep a ‘lid’ on the market cap’s of companies in a similar position.Just mentioned to inject a ‘dose of reality’ into the proceedings – whilst hoping that all will come good.Good luck all…
JohnSalvage
28 Apr 2017
Re: Today's AGM [link]
The White Rider
27 Apr 2017
Today's AGM Did anyone attend today's AGM? Any feedback to share?Thanks in anticipation.
ajinbali777
26 Apr 2017
Re: Latest RNS Morning all, a little more investigation and I have answered some of my previous questions. I am assuming that Cap Oeste stays with PGD and that COSE is completely separated. In which case the gold room based at CO stays with PGD and we await the recirculation results and gold production. However the prediction of an extra 19 months production was based on ore sourced from underground at COSE! So I guess we are still a partial production company. Calcatreu seems reasonable but does need a big workup as it is just in maintenance mode with the ore classified as indicated!So yes a good deal but we need a supply of ore identified and mined to keep the gold room running after 3 years CO extraction,GLA
The White Rider
25 Apr 2017
Re: Latest RNS Yes, difficult to assess the impact of this latest news. However cash generation, reduction of debt and managing cash burn seem paramount so $7.5M in the bank should help.I must admit that I am following a hold and forget strategy with PGD. Nursing some fairly heavy paper losses I'm just hoping that one day these will come good. Oh for the heady days of 70p per share in 2011!
ajinbali777
25 Apr 2017
Latest RNS Morning all, a bit of a surprise this morning but there was a lot of late activity yesterday! Does this mean we are back to being an exploration company? What happens to the gold room? Finally the option looks a better bet anyhow, so whats really going on? Hope the various parties like this deal and the sp has a stimulus to head north, GLA
ajinbali777
20 Apr 2017
Quilvest Anybody there? 
Quilvest.....anybody any idea what that is all about? Surely the sp will twitch a little upwards on the news of 84 million shares.....Although it is AIM!
Antiques Of Woodstock
03 Feb 2017
Demand for gold hits four-year high after Brexit and Trump votes [link] Brexit vote and the election of Donald Trump drove global demand for gold to a four-year high in 2016, as pension funds and other institutional investors piled into the precious metal while higher prices put consumers off jewellery purchases.Global gold demand rose 2% last year to reach 4,309 tonnes, the highest level since 2013, according to a report from the World Gold Council, which represents gold miners.This was largely driven by inflows of 532 tonnes into gold-backed exchange-traded funds (ETFs), which track the spot price of gold – marking the best year for ETFs since 2009.Gold is seen as a safe haven in times of turmoil, and there was plenty of that last year. Alistair Hewitt, head of market intelligence at the World Gold Council, pointed to the shock Brexit vote and the election of Trump as US president, along with the upcoming Dutch, French and German elections. The weaker yuan and low or negative interest rates also made gold more attractive, helping push up investment demand by 70%.Hewitt said: “2016 saw an unprecedented degree of political upheaval, which underpinned huge institutional investor flows into gold. ETFs are easy ways for people to access gold.”However, jewellery demand hit a seven-year low in 2016 due to rising prices for much of the year, while central bank purchases were the lowest since 2010, due in part to increased pressure on foreign exchange reserves.Consumers in China and India, the world’s two biggest gold markets, bought less jewellery as the price of gold rose 25% between January and September. Prices then fell between October and December, which meant gold prices were 8% higher over the year as a whole.Consumer buying in India and China dropped by 21% and 7% respectively in 2016. In India, rural communities were hit hard by the cash crunch caused by the withdrawal of high-denomination rupees in November, but the effect is likely to to be temporary, the report said – healthy incomes from the good monsoon should support gold buying in coming months.The price dip in November, when Trump’s “positive growth rhetoric” led to the dollar and equity markets strengthening, contributed to a strong recovery in the bar and coin market in the final quarter, Hewitt said.He highlighted changing tastes, with younger people in China preferring lower-grade, branded jewellery to the top grade gold favoured by their parents’ generation – design over quality. Younger Chinese also prefer to spend their money on travel rather than material things. In the US, yellow and rose gold has gained in popularity. Gold teeth have continued their decline.For the first time in years miners started exploring for gold again spurred on by the rise in prices, mainly looking to strike gold on the periphery of existing mines. But it will take several years for this to feed through into increased mine production.
ajinbali777
13 Nov 2016
Uruguay Zero comments about the Uruguay results! I'm a little surprised as the results seem to indicate zone 13 open at depth with a area of interest 3 km long. The same seems to be implied for zones 14 and 15! Furthermore Carreta Quemada area is 30km long although no real hard data yet! Is that a decimal point typo? In any case it seems there might be a considerable amount of gold hidden in them there hills .Still waiting for Mt Leon drill results and Sarita dipole numbers. Plus soon Los Toldes drilling data! Come bod please do as promised with news!Have a good week
ajinbali777
29 Oct 2016
Re: October Good to see the latest news and will be even happier when the first gold is poured at the new site. More news next week with luck.I don't know if anyone can answer this but it seems like PGD have a lot of gold on many sites, so is it easier/cheaper to build a heap on each site and bring the dore to the gold room, or is it better to make the gold room modular and transportable (3-4 containers?) and take it to the active site.The bod seem to be digging their way out of the mire!GLA
ajinbali777
27 Oct 2016
October Well there are 3 working days left in October and our new fast line information bod promised several results for this month. Four things to be precise...1st gold sales, Mt Leon drilling, Sarita dipole and San Jose zona B results. Have we slipped back into the dark ages of no info once again? Actually bought some based on the possible sp effect!! That though is my problem!GLA
penhome
17 Oct 2016
Purchase Patagonia Gold came on my watchlist about a week ago due to a p&f chart patternHere's the weekly chart showing a long consolidation (stage 1) but with promising movement on both RSI and MACD[link] the daily chart showing Stage 1 in more detail[link] I'm watching for a breakout from stage 1 - this would be a confirmed move above about 2.75p but have bought an initial 1/3 tranche at 2.49
ajinbali777
30 Sep 2016
Re: Carlos+Crew After listening to the presentation and reading thru it later, it seems that a lot of information is due in October! The presentation thus was well positioned to prime us for the various information bytes due now! It maybe an interesting few weeks.
