Sunday 21 July 2013

Patagonia Gold



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.

1 comment:

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