opti909
18 Feb 2016
World economics. These might be of interest.[link] - Bo Polny - says[link] - Hugo Salinas Price
robers98
14 Feb 2016
UPDATE 1-Argentina scraps mining export taxes as part of free market push Feb 12 Argentina's new president has revoked the 5 percent tax that the previous administration collected on mining exports, state news agency Telam reported on Friday, as part of the country's two-month old push toward open markets."Today end the taxes on mining exports," Mauricio Macri, inaugurated in December after winning office on a free-markets platform, said in a ceremony announcing the measure."We are going to work with the governors to develop new mining projects, always putting environmental protection first," Macri said.His predecessor, Cristina Fernandez, expanded the state's role in Latin America's No. 3 economy. Her trade and currency controls were thrown out by Macri during his first month in office as he tries to spur production and exports while confronting double-digit inflation.Macri said the decision to ditch mining export taxes "is in line with generating the stability, confidence and predictability that will attract investors."
speculator59
13 Feb 2016
Re: I largely sold........... Well, as I said, I sold the bulk of my holding over two years ago when the shares had fallen to the 30's.But, I do have this habit of falling in love with shares and tend to keep a small holding out of interest. In this case that's a very small holding now.Fortunately, I started putting money in at around 12p so I can't complain as I made decent profits.Now, "fool sells at the bottom" ? That decision to sell needs to be based on whether one thinks this is the end or can the company come back. But you're right. Many small investors are shaken out by big falls in fundamentally sound companies, even where there is every prospect of a complete turnaround.That's my issue here, i.e. not whether to sell the tiny rump but whether the company is now worthy of investment. To be frank, it doesn't much look like it but then again, the background picture for gold shares has started to turn, so perhaps.......Speculator
shugg1e
12 Feb 2016
Re: I largely sold........... fool sold at the bottom pal why do so many investors do that????
Antiques Of Woodstock
12 Feb 2016
Re: I largely sold........... I'd be grateful for AoW's and others views about this, especially in light of the move towards Uruguay.---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- --------Good evening Speculator59You have captured almost my exact thoughts within your post 'There seem to be a lot of issues and questions over the stock, but those resources still look good.’For what it’s worth – I have always liked our resources and potential. As to our management and how they engineered things to land the company in the position where it sits today – well that’s a totally different matter.I have been vocal about my thoughts concerning Uruguay on this bb - so will not labour my points again other than to say that the markets dictate what we are worth and at the moment it appears as if there is little confidence in our management’s plan as reflected in the current market cap/share price.Perhaps all will change and buyers will return in their droves wanting a ’slice’ of the PGD master plan with renewed confidence in our management – in the mean time it would be good to see the share price rise by another 73% just to get us back to the last share placing price of 4.5 pence.At least the price of gold is rising and should soon hit $1,250 oz having bounced back from that point yesterday which is no bad thing.Good luck…
speculator59
12 Feb 2016
I largely sold........... ............ and went away a long time ago, but as ever I left a small holding out of interest - yes, I can be that stupid.Then, I had loads of domestic problems that have kept me away from the markets seriously for a couple of years.Now, i'm reviewing my holdings and this is one.I see that AoW is still here, which I liked until I read some of his posts 
As gold is now beginning, perhaps, a significant rise, Is PGD worth considering?There seem to be a lot of issues and questions over the stock, but those resources still look good.I'd be grateful for AoW's and others views about this, especially in light of the move towards Uruguay.Failing a positive response here, what other gold/silver stocks do people think are worth looking at - albeit it seems i've come back a little late to benefit from the initial turnaround.Thanks to all.Speculator
loadsadough
12 Feb 2016
PGD Nice one yesterday 29% gain from PGD. Keep it going.Loadsadough
robers98
08 Feb 2016
Patagonia Gold offers big upside in South America [link] gold exploration upside in Argentina and Uruguay is now supported by small scale gold production
zombynation
05 Feb 2016
price of gold flying seeks to have hit a rocket recently. Expecting this to finally start to move Patagonia gold
Keysi
02 Feb 2016
so we are in URUGUAY !! seethe RNS...... any up tick is good, but what is happening to our land in Patagonia...all very quiet on the news front.Anyone any ideas or updates ? Ride those waves.... Keysi
zombynation
21 Dec 2015
Patagonia Gold PLC Economic & fiscal policy changes in Argentina Patagonia Gold PLC Economic & fiscal policy changes in Argentina 21/12/2015 7
0amUK Regulatory (RNS & others) Patagonia Gold (LSE
GD)Intraday Stock ChartToday : Monday 21 December 2015Click Here for more Patagonia Gold Charts.TIDMPGD RNS Number : 6561J Patagonia Gold PLC 21 December 2015 Patagonia Gold Plc Patagonia Gold comments on recent changes to certain economic and fiscal policies in Argentina London, United Kingdom - 21 December 2015 - Patagonia Gold Plc (AIM: PGD) ("Patagonia Gold" or the "Company"
today provides an update on positive changes to certain economic and fiscal policies in Argentina following the elections held on 22 November. The restrictive and complicated procedure for importation of goods and services referred to as DJAI (Declaración Jurada Anticipada de Importación) introduced on 10 January 2012 by the prior government is scheduled to be abolished effective 31 December 2015. The elimination of this procedure will expedite the process of importing necessary machinery and spare parts as well as services for the Company, which is expected to improve efficiencies and have a positive impact on production. Furthermore, on 16 December 2015, the new government lifted exchange controls and the Argentine Peso will now float freely in terms of other currencies. In addition on 17 December 2015, the Central Bank of Argentina devalued the local currency by approximately 50% resulting in the exchange rate moving from $9.80 to the US Dollar to an opening exchange rate of $14 to the US Dollar. The impact of these measures on the Company will be a nominal improvement in margins. The Directors are confident that these new measures will have a positive impact on Patagonia Gold's business in Argentina and will open new opportunities for expanding our operations in the country. Ends About Patagonia Gold Patagonia Gold Plc is a mining company that seeks to grow shareholder value through exploration, development and production of gold and silver projects in the southern Patagonia region of Argentina. The Company is primarily focused on three projects: the flagship Cap-Oeste/COSE project, the La Manchuria project and the Lomada heap leach project, which is generating free cash flow. Patagonia Gold, indirectly through its subsidiaries or under option agreements, has mineral rights to over 220 properties in several provinces of Argentina and Chile, and is one of the largest landholders in the province of Santa Cruz.
JohnSalvage
18 Dec 2015
You do the maths Peso / Dollar -9.64370 ARS 15th Dec:13.40 ARS 18th Dec:approx 30 % more income
B-tech
11 Dec 2015
Re: More spending Power Great
JohnSalvage
10 Dec 2015
More spending Power New Argentina government aims to dismantle currency controls from December 14: newspapers [link]
Antiques Of Woodstock
24 Nov 2015
Re: Scrapping the Blue Dollar Macri has promised to scrap the Blue Dollar,the blue dollar being the main reason why costs have exceeded $1200 poz...................................................................................Scrapping the Blue Dollar will give PGD so much more spending power and take us back to production costs $700poz---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ------Good afternoon JohnA different 'take' if I may.If I am reading your post correctly it appears as if you are suggesting that Argentina's new President Mauricio Macri who has just been elected has stated that he will scrap the Blue Dollar (Informal market exchange rate) which in turn means that once implemented that PGD will return to profitability. I believe that there is about a 60% difference in exchange rates between the official and informal rate quoted but this is subject to usual fluctuations.Although no doubt a much required 'glimmer of hope' for all us shareholders - I really think that it is an extraordinary state of affairs for our management to have steered the company into a position whereby our future profitability was entirely dependent on the election being won by Mauricio Macri and then him being able to implement his desire to scrap the Blue Dollar that he indicated would occur should he be elected.Personally I feel that he has a 'big hill' to climb with foreign investors waiting for details on how and when Macri will tackle debt default negotiations with U.S. creditors - remove capital controls - devalue the peso currency and replenish hard currency reserves. Also he lacks a majority in Congress and currency reserves are running perilously low. Internationally - the slowdown in China - coupled with weak commodity prices and a deepening recession in Argentina's main trade partner Brazil all pose high risks.Mauricio Macri takes power on December 10th and it will take time for him to name his Cabinet. Argentina's big problem is that for 4 years there has been no growth or new jobs and a way has to be found to get Argentina moving again which will not be a 'quick fix' - not least because as things stand Argentina has defaulted on payments to bondholders who are mostly American hedge funds - who want satisfaction having won the legal battle and obtained various Court rulings to that effect. Just three months ago on August 12th - District Judge Thomas Griesa in Manhattan ruled that any of Argentina's property in the United States - unless for diplomatic or military use - would be deemed to be commercial - making it easier for the creditors to go after it.A political nightmare and a situation that will at the very least take time to 'unwind' with conclusions being drawn before the way forward is agreed with regard to future direction which includes being able to even consider scrapping the informal exchange rate. That's not taking into consideration how one physically prevents an informal exchange rate from operating as those with money in Argentina drive this market looking to hold hard currency. As to our operating costs - it appears as if it will be some time before we return to profitability which begs the question - Why increase production if we will be making a loss per ounce? More ounces produced the greater the accumulated loss - plus the depletion of our gold resource - bleeding what is left of our company dry via non profitable production. As to the logic behind Uruguay - the mind boggles.Good luck...
