Otto, Thought you'd enjoy this. I'm subscribed to slimeball Jonathan Lebed's email pump list for purposes of knowing which stock he's pumping so I can know when a move is not legitimate. I've found these pumpers usually work together and they'll all buy up blocks ahead of time, then 3-5 email lists will all pump a stock, it makes a good-size move, and they get out with a 20-30% profit in a couple of days, leaving the public holding the bag.
The logic in his most recent note beats anything I've ever seen.
He writes about PC Gold. Now, PC Gold may or may not have anything worthwhile, I don't know. But it's Lebed's logic that is prison-worthy. He bases his valuation on the ounces of gold *that have previously been taken out of the ground*. That's right, he's determing value on the stuff that's no longer there.
Here's the key line copied and pasted: "This means PKL is currently being valued at only $15 per previously produced ounce of gold, when gold is currently $1,375 per ounce!"
What an analyst. If you ask me, that evaluation is worth two exclamation points!! If not three!!!
"If you subtract PKL's cash position from its market cap, the Pickle Crow property is currently being valued at only $22 million when it previously produced 1.47 million ounces of gold. This means PKL is currently being valued at only $15 per previously produced ounce of gold, when gold is currently $1,375 per ounce"