Anyway, I would not have even heard of PVG.to at the time the most recent buying opportunity came along if not for a subscriber whose opinions I respect.
In the gold sector, my rule is you buy the downside hits only. Don't chase. Check.
Email update from 2/17/11:
Good morning,
Pretium Resources (PVG.to/PXZRF) was brought to my attention (and highly recommended) recently by a subscriber who is a principal at a natural resources market dealer in Vancouver.
The company recently IPO'd and has of late been shooting up in a near vertical manner. I have been watching for a couple weeks now, but in light of lightening up on RBY this morning (which upon reflection I may liquidate completely), and a sharp decline in PVG's share price today, I am going to take an initial position in both accounts. Please do your own DD, but here is a quick summary from the NFTRH subscriber. I won't mention his 3 year target, because it sounds ridiculous. ;-)
Run by Bob Quartermain (SSRI) <--- this is significant
Has 40m gold in the ground for which it paid $11/oz.
There is more news being generated on Pretium, so if interested, please do thorough DD. The point of the email today is that I have had PVG on radar and now it is getting its first significant downside since I have been watching. Hence, my note to you. I will try to update information going forward if/when applicable.
Regards,
Gary
http://www.biiwii.blogspot.com
http://www.biiwii.com
