Posted On: 12/20/2015 12:59:02 PM
Post# of 2561
PYHH Daily Chart ~ Holding at Closes of .80 Despite Low Volume Dips into the Huge Spreads Between the Bids and Asks
PYHH is awaiting the previously announced funding in the amount of $3.125MM for the mining equipment, the DeRocker, which is being built by RMS-Ross. The permit and mining fees were paid per releases by the company in October and November.
Technically, there isn't much to discuss at the moment. I shared this stock immediately after the postings of 11 filings when the stock was quote .04 x .08. Since then, the stock has risen to as high as $1.00, and holding at closes of .80 for most all of December. The stock has been quoted with very large spreads between the bid and asks of .40s x .80. When funding is finally in the hands of the company, it is expected that the mining equipment from Ross will be on site within 2-3 weeks and production commencing just 7 days thereafter. Initial valuations of the claim places the gold content between $300MM to $500MM. Fingers crossed!
PYHH is awaiting the previously announced funding in the amount of $3.125MM for the mining equipment, the DeRocker, which is being built by RMS-Ross. The permit and mining fees were paid per releases by the company in October and November.
Technically, there isn't much to discuss at the moment. I shared this stock immediately after the postings of 11 filings when the stock was quote .04 x .08. Since then, the stock has risen to as high as $1.00, and holding at closes of .80 for most all of December. The stock has been quoted with very large spreads between the bid and asks of .40s x .80. When funding is finally in the hands of the company, it is expected that the mining equipment from Ross will be on site within 2-3 weeks and production commencing just 7 days thereafter. Initial valuations of the claim places the gold content between $300MM to $500MM. Fingers crossed!
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