Trooperstocks
8 months ago
$PNPFF Power Nickel, Inc. engages is a Canadian junior exploration company, which engages in the acquisition and exploration of mineral properties. It is involved in exploring for nickel copper, cobalt, PEG group metals, gold, and silver. The company was founded by Verna Wilson on August 19, 1987 and is headquartered in Toronto, Canada.
Until2020, formerly Until2017
9 years ago
$PNPFF
Thank you for your sentiments
In addition to a rather large stake ( for me ) with Pinetree
(1) I have an equally large stake in CEF* which has turned nicely
(2) A lithium ETF : LIT*, mired in the swamp for a long time
(3) A fertilizer ETF : SOIL*, also mired down for a long time
(4) A Uranium holding fund, URPT*, similar to PNPFF
(5) Gold Explorers ETF: GLD*, has turned nicely along with CEF*
( The THREE ETFs are from the Global ETF Family )
So PNPFF, which may be selling at a really nice discount - - but
we cannot know since Pinetree no longer publishes calculated
N.A.V.,ever, as far as I can tell - - PNPFF has not turned, but
CEF* and GLD* have both turned nicely for me at this time.
I think PNPFF is real gamble for sure, but since I took a large
stake 3 years ago - - AND SUFFERED BADLY AS A RESULT - -
to double down for only $700.00 was a simple move IMO
HAS GOLD BOTTOMED ?
Bob Moriarty thinks so :
http://www.321gold.com/editorials/moriarty/moriarty020116.html
. . . . perhaps for PNPFF as well :
http://www.321gold.com/editorials/gilburt/gilburt020416.html
Good Luck, gotta go to work
Until2017
rich2
9 years ago
until2017,
Maybe
just maybe - I have been in and out a couple of times
Gold is starting to break through some resistance levels, looking better all the time.
In the technology sector, I thought that POET would be further along by now.
If this is the bottom of the commodity sector, could get interesting. March of 2007 was real sweet, after that I was a little nervous hold any for too long. Need to understand the loan situation.
I am going to spend some time studying this one
Hope you see your double down play out before 2017, I may join you
Happy prospecting friend
Until2020, formerly Until2017
9 years ago
Some people were not pleased when I posted this in POST 0133 :
"If gold gets whacked again by the NY / London / Zurich / Belgium elite bankster thieves, to $1100, or even to $1000, then PNPFF is toast, at least until gold recovers."
((( .... I also mentioned the likely takedown of gold in Post 0137 and Post 0141. .... )))
At the time that I wrote Post 0133, the charts were saying $1080 was resistance. ........ A floor.
I DID NOT WANT FOR THIS TO HAPPEN ! ! ! ........ http://www.kitco.com/charts/livegold.html ........ Gold is $1092 as I type this.
The elite tribe of NYC and London based bankster thieves continues to have paper-power over the physical market.
BUT NOT FOR LONG. ........ But this is very hard for me to endure, and I wish their reign of thievery and financial terror could be stopped. ........ Of course, recent bankster thieves have all been chiefs in the tribe: ..... Alan Greenspan, .... Benjamin Shalom Bernanke, .... Janet Yellen .... and the most Orthodox Chief .... is Jack Lew . ........ How this tribe of Bankster thieves came to own Obama is one for the ages. ........ ( And we are not even mentioning Lawrence Summers, .... Robert Rubin,....Lloyd Blankfein .... or a horde of other tribe members who have gotten rich using ZIRP and NIRP to fleece the masses )
This debt-fueled reign of financial terror will begin to end once the sheeple awaken . . . .
Until2017
WF
10 years ago
Rich,
I hear you, Rich. HOWEVER, these guys made their living gobbling up miners and drillers that were desperate for capital and couldn't get it through more traditional sources. Like most of their ilk, they likely brutalized small companies that were desperate for cash, extracting punitive terms and take huge shares of equity for themselves. There called vultures. That's the nice term.
My worry with these guys is - the shoe appears to be on the other foot. I wouldn't get too carried away as long as these guys are busting their loan covenants and defaulting on loans.
Further, if I am correctly informed, there appears to be a major housecleaning of senior management and a reshuffling if Board Members. I HAVE NOT HAD TIME TO VERIFY THIS INFORMATION, but if true this is not a good sign and was likely forced upon the company by debt holders. I want to learn more about this. This makes me very nervous. Witness what's going on with Greece right now. "He that has the gold (even at these low prices??) makes the rules.
The shoe does appear to be on the other foot.
WF
Stevebb
10 years ago
In connection with the execution of the Forbearance Agreement, each of Messrs. Roger Rai, Sheldon Inwentash and Marshall Auerback will resign from the board of directors of the company. As well, Mr. Inwentash will resign as Chairman and CEO of the company. Richard Patricio, the company's Vice-President, Corporate and Legal Affairs will assume the responsibilities of Interim CEO
Not sure if they are searching for a CEO or if the current guy is going to be permanent
NYBob
10 years ago
until2017 RE: See NYBOB's post #103 :
investorshub.advfn.com/boards/read_msg.aspx?message_id=97604100
Even though CAL is in PNPFF's list of holdings, NY ( and I also ) think
it is a good idea to hold Caledonia, also, separately.
I owe NY for that insight. I have some, and need to buy more
as funds permit.
I bought some shares in March ( I wish I had bought more than I did ) and
I have gotten a good dividend twice since then --
in addition to a nice gain . Until2017
CALVF (Caledonia) pays a nice ($.08?) divy (end of this
month, I think) at $.64 per share and likely to keep climbing, having gone
through some change at CEO they are revamping to a more aggressive mining
campaign to dramatically increase production. They are a strong
consideration...although the political risk factor is there.
One of the earth lowest cost gold production - video -
http://caledoniamining.com/videos/Blanket_Mine_2014.mp4
CALVF has NO DEBT - paying 8% dividend -
http://www.caledoniamining.com/pdfs/Q3%202014%20Results.pdf
CALVF has cash in London bank - just about cover the market cap. -
CALVF TA in the buy zone - long bullrun UP -
http://web.tmxmoney.com/quote.php?qm_symbol=CAL
http://web.tmxmoney.com/quote.php?qm_symbol=CALVF:US
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers -
http://www.biblebelievers.org.au/monie.htm
God Bless
Until2020, formerly Until2017
10 years ago
I had the same trouble when I took my initial position
NOW MUCHO UNDERWATER. I do not have the stomach to add at this price, which I am sure is a mistake.
TO GET MY SHARES, I had to hit or exceed the ask, and also to work very carefully within the ask size parameter.
I see that the ask size, RIGHT AT THIS MOMENT, is 17,700 .
So hit the ask size ( or more )at your bid, and increment your bid, even going over the ask, until you get your shares.
For some reason, that's what I had to do to get my 30,000 shares a long while ago.
Too much work was my reaction then
Until
Until2020, formerly Until2017
10 years ago
GOLD IS THE ONLY REAL MONEY ! ! ! !
And its Silver Sister has some of that quality as well, but not as much as gold.
GOLD TELLS THE TRUTH ABOUT GREEN USA TOILET PAPER !
So the elite tribe of NYC Banksters have to "hurt gold" as often as they can, but they cannot kill it. When this paper farce ends, gold will be the only thing of value left standing.
Well, Oil and Pork Bellies and Orange Juice and Copper -- all of the useful commodities will have value, but they are not very useful for trade.
So gold will be it. Meanwhile, the tribe of NYC Banksters has to hurt gold as much as possible, and as often as possible .
READ THE ARTICLE, and especially the comments after it.
I DO NOT ENDORSE THIS, I AM SUFFERING FROM IT ! ! ! But turning away will not reduce the hurt.
ceo.ca/2014/09/08/golds-last-stand/
REMEMBER, they can only hurt gold, and for a short while.
THEY CANNOT KILL IT : Gold is eternal !
THE MINES THAT SUPPLY GOLD WILL PROSPER SOON ENOUGH !
Until2017