PXG - Phoenix Gold

[LostMyShirt]

many analysts have already said greece will defiantely default, gold will rise >$2000/oz,

I agree you could be late to the party, but the real party hasn't started yet? (hence the low MC)

One strategy traders use is if you like the company, only commit ~50% of your funds to an entry price (price now) then if it tracks lower, average down
if it tracks higher, be thankful your apart of the party

have to have alot of patience with these juniors, but the multi baggers that eventuate are worth it

PXG seems to tick alot of boxes

As I wrote this post you responded - sorry my fault.
By the way you guys are about to hit top line resistence so any push past 275c may be a potential breakout. I may make my entry at the end of the week on this one depending on the duration of explorer to producer transition from the current project.

Ok - this is now in my prospective buy list - tyvm for your help. Time to do some reading Thought if projecting a 20m MktCap I AM late to the party indeed.

 

[bryos]

News due soon on toll treatment. The cash costs of $850/oz for Catherwood was assuming a PXG owned and run facility so expecting a different set of figures in regards to toll treatment if outsourced

but the margins should still be more than enough to warrant it with the price of gold soaring and likely to keep going higher IMO

No problems, of course you will DYOR to satisfy your criteria for buying, but any pullback from these prices Ill be accumulating more

 

[bryos]

Futhermore, PXG management can be applauded for their continuous actions and development. Announcement today is evidence that their property is well positioned to advance with ease to producer.

 

[LostMyShirt]

PXG is holding up pretty nicely through the Gold rallying down over the week - though back in the green on Friday night after a nice fat rally back up to 1800.

 

[springhill]

LATEST DRILLING RESULTS CONFIRM POTENTIAL FOR A NEW GOLD SYSTEM


● Maiden drilling at the Telegraph prospect delivers excellent results
● Telegraph in close proximity to the flagship Castle Hill Project
● Significant mineralisation defined over a 1.7km strike length
● Significant drill results include:
- 8 metres at 19.68g/t Au from 136 metres including 1m at 133.46g/t
- 4 metres at 11.80g/t Au from 39 metres
- 2 metres at 21.38g/t Au from 30 metres
- 1 metres at 23.47g/t Au from surface
- 3 metres at 6.96g/t Au from 160 metres
- 7 metres at 2.74g/t Au from 72 metres
● Mineralisation remains open along strike and at depth
● Maiden Telegraph resource expected in the December Quarter

 

[JJBM11011]

PXG just booming and yet the OA opts still a steal only 2.5c out of the money with two years to run..!!


Holding a top20 -PXGOA

 

[piggybank]

Daily P&F update:-

 

[System]

On January 6th, 2016, Phoenix Gold Limited (PXG) was removed from the ASX's official list in accordance with Listing Rule 17.14, following the completion of the compulsory acquisition by Evolution Mining Limited of all its shares.