Posted On: 12/14/2015 1:34:15 AM
Post# of 2561
PYHH Daily Chart ~ An Emerging Gold Company but With Some Bad History
After having a revenue producing and profitable mining venture in operation, the management of a previous entity was forced to shut down due to permitting and water issues apparently in EPA violation status. All has been paid for and brought up to date. A few of us entered in the .08-.12 level immediately after the company submitted 11 filings in mid July. Since then, the stock has appreciated to as high at $1.00 and settled in the .75-.85 level. Based on publicly available information from the company, they are in the process of securing a loan of $3.125MM. The claim has been evaluated with a value of $300MM to $500MM. The current share structure, if it remains intact, would suggest a price per share at much higher levels should management actually deliver what has been released. It is very thinly traded. PYHH for us is a longer term hold of maybe 6-12 months.
After having a revenue producing and profitable mining venture in operation, the management of a previous entity was forced to shut down due to permitting and water issues apparently in EPA violation status. All has been paid for and brought up to date. A few of us entered in the .08-.12 level immediately after the company submitted 11 filings in mid July. Since then, the stock has appreciated to as high at $1.00 and settled in the .75-.85 level. Based on publicly available information from the company, they are in the process of securing a loan of $3.125MM. The claim has been evaluated with a value of $300MM to $500MM. The current share structure, if it remains intact, would suggest a price per share at much higher levels should management actually deliver what has been released. It is very thinly traded. PYHH for us is a longer term hold of maybe 6-12 months.
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