The Patagonia Gold (PGD) story is not an unusual one in the small cap gold mining sector, however with some mild relief coming from the near $1300 oz price gold stocks have had a minor lift so far. With Patagonia there could be a lot more to come.
Patagonia is something of a mystery to the broker that repeatedly reiterates its 70p target price. In my humble opinion ( I am not a City broker) the company has performed dreadfully over the past 12 months with the delisting from the TSX, a stagnant market in juniors, the weaker gold price and the grotesque repricing of options by directors all playing their part.
So why my interest?
Find out here: http://www.shareprophets.com/views/1064/patagonia-gold-a-golden-punt
All the best Doc
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(These are but opinions derived from my own experiences and thoughts and do not adopted as statement of fact)