options, page-36

A shame to see the SP slip to $0.14 today, and briefly yesterday.

Not many shares changing hands in the scheme of things, which I think shows that those now in.. are staying in.

Date Last % Change High Low Vol *
15 Dec 2011 0.145 0% 0.145 0.140 2,319,468
14 Dec 2011 0.145 -3.33% 0.150 0.145 373,292
13 Dec 2011 0.150 3.45% 0.150 0.145 1,165,999
12 Dec 2011 0.145 -3.33% 0.150 0.145 1,465,850
09 Dec 2011 0.150 3.45% 0.150 0.145 1,459,978
(out of 528 million shares)

I simply cannot buy any more. Especially after taking up my options.

I have it on good advice, that PGI management is working extremely hard to make 2012 a year of production, cash generation and exploration. It can be easy sometimes for the average shareholder to forget there are people working hard on our behalf (yes I do realize because we have loaned them our capital). Market turmoil is not always a negative, if a good company continues on with the job at hand, while keeping an eye out for future possibilities.

Like cy7 - I am also an old fashioned investor, except that I am not 'old' yet.

Also, I love doing comparisons..
GOR.asx - Market cap $101 million - may well have a BILLION BILLION ounces, but they are roughly 2 years away from production...

PGI.asx - Market cap %75 million - production... 3 months away.
...I must be going crazy....
Its like buying into a purely speculative gold exploration stock; except then waking up the next morning, and realizing they have the gold, the infrastructure, almost in production, and also have future growth projects(with more gold)... wish investing was always this easy!

IHMO.
DOYR. its fun.