I am wondering how the SP of this stock got over 90c 16 months ago. There was so much promise but it has all come back to the SP sitting at 35c, just above the IPO SP.
Everything seems to go so slow for PGO. It may be time to cut the losses. I cannot see this ever becoming a gold producer for at least 5 years if at all.
The area that the mine covers is huge and yes there is gold, but the grades tonnes are not as good as initial results. They aren't painting the picture to attract investors. What does the future of this mine look like and how far away off is this all? They just drill and report results as well as marching out the same presentation they did 18 months ago.
PGO Price at posting:
38.0¢ Sentiment: Hold Disclosure: Held
