Pretium (PVG) first gold pour. Thoughts?

by jbnaples | June 24, 2017 7:26 am

I know there are many of our Irregular’s who have owned (PVG) for a long time and finally got some news about their first pour being completed.
I have some Sept. $11 calls hoping some good news come by then. I noticed on Scottrade and (PVG) website they don’t have a date for 2Q earnings which I was thinking they would announce more details on the pour. I thought perhaps the pour didn’t show what they were hoping so the amount of gold wasn’t announced. Does anyone have any thoughts about the timing of any announcements and if you were to buy call options without going out to 2019 what month would you be looking at for your best return? I bought some June calls hoping for some news which never came so they of course expired worthless.
Thanks in advance for any thought’s and insight you might like to share. JB

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  1. 11886 |
    Travis Johnson, Stock Gumshoe
    Travis Johnson, Stock Gumshoe
    Jun 28 2017, 09:58:52 am

    I have some further out calls on Pretium, to January 2019, mostly because I think their initial production and further reserve updates mean they should be nicely levered to gold if it rises in the next year and a half. First gold pour is nice, but it will presumably take a while for the production circuit to be optimized and for them to have meaningful economic results to share and any updates on what their initial production estimates will be.

    Pretium’s second quarter should be announced in early August — it was August 10 last year. I’ll be surprised if they don’t have further press release updates on progress before then, as the construction crews leave the site and the mill proceeds, but I don’t know if any news will be meaningful before the end of the year.

    • 9943 |
      Jun 28 2017, 11:04:49 am

      PVG calls…I have pretty much sworn off gold and silver options but I did make an exception and have some September 11’s on PVG for the reasons you cite. I am also long on the stock

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