Pure Gold Mining Share Discussion Threads

[deltalo] 08/9/2021 16:28

I expect it to drop to previous pandemic levels towards the 28th imo, news is yet to hit UK market yet.

[fiddling12] 08/9/2021 16:20

Wow. Better late than never rns pops up only over 2 hours later than Canada. What a disgrace.

[rajraj b] 08/9/2021 15:58

It's the bottom. It'll go up from here.

[jeanesy] 08/9/2021 15:56

I did say that someone on the canadian BB warned this was going to happen. I am tempted to buy back in but will wait a while until the dust settles first

[craftyspeculator] 08/9/2021 15:05

I suspect that the folks buying in now at $1.05 / £0.60 will make 5x to 10x their money over the next 3 years. Most mines have teething problems. Management's mistake was to assume they would be different. Should have raised a buffer just before commencement (hindsight is a wonderful thing). I still think that with Sprott and the major miners on the share register this one will come good over a few years.

[1hercule] 08/9/2021 14:59

plus warrants

[kickingking] 08/9/2021 14:57

This 105 C/cents translate to 60p. This management should be working in the big top as clowns. Once trust is lost, it's difficult. Why was there no RNS this morning.

[robertstronghand] 08/9/2021 14:38

There was always going to be a shortfall after the start up issues, thought it would be small enough a loan could bridge it, and that it could wait till when the gold price started moving up more.

[gary hindsight] 08/9/2021 14:14

They said they were fully funded in previous rns?

[fozzie] 08/9/2021 13:32

This company does seem to have a rather unfortunate habit of scoring own goals.

[fozzie] 08/9/2021 13:31

VANCOUVER, British Columbia, Sept. 08, 2021 (GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (TSXV:PGM LSE:PUR) (“Pure Gold Mining Inc.” or the “Company”;) has today entered into an agreement with National Bank Financial Inc., as lead underwriter, on behalf of a syndicate of underwriters (collectively, the “Underwriters”) under which the Underwriters have agreed to purchase, on a bought deal basis, 19,048,000 units of the Company (“Units”) at a price of C$1.05 per Unit for gross proceeds of C$20,000,400 (the “Offering̶1;). Each Unit is comprised of one common share (each a “Common Share”) and one-half Common Share purchase warrant (each such full warrant, a “Warrant”;). Each Warrant will entitle the holder thereof to purchase one Common Share at a price of C$1.36 for a period of 18 months following the closing of the Offering.

The Company has also granted to the Underwriters an over-allotment option to purchase an additional 15% of the base Offering, for additional gross proceeds to the Company of up to C$3,000,060, to acquire Units, Common Shares and/or Warrants (or any combination thereof), at the Underwriters’ discretion, and shall be exercisable by the Underwriters, in whole or in part, for a period of 30 days from and including the closing date.

The Units will be offered in all the provinces of Canada other than Quebec by short form prospectus.

The Offering is expected to close on September 28, 2021, subject to customary conditions and all regulatory approvals including the approval of the TSX Venture Exchange.

The gross proceeds raised from the Offering will be used by the Company to fund the continued ramp up of operations at its 100%-owned PureGold Mine Project

[1hercule] 08/9/2021 13:16

FFS a raise at 1.05 cad

link

[robertstronghand] 08/9/2021 09:30

Breaking 1830 resistance should get investor interest in the sector. Investor presentation has been updated on the website, more colour on the production for the Q4 and going forward.

[jeanesy] 08/9/2021 07:13

it will be down some more again first thing. 66p equivalent close in Canada

[robertstronghand] 07/9/2021 21:11

Sprott Research have a report out factoring in today's news that you can find on their website.

[katsy] 07/9/2021 16:13

I know most of today's RNS was in yesterdays rise but still a little disappointing to be down today.

[cybernest53] 07/9/2021 13:09

PUREGOLD COMPLETES MILL UPGRADES AND ACHIEVES 1,000 TPD MILESTONE
September 7, 2021

[robertstronghand] 07/9/2021 09:33

Should beat the H2 production forecast of 27k to 32k oz, especially if approval to 1000tpd is given. Still looking for that increase in grade, will come no doubt. Mineral resource by the end of the year.

[loafofbread] 07/9/2021 08:10

Lets hope for a steady rerate on the SP, production and POG.

[fiddling12] 07/9/2021 07:13

Thats more like it 5500oz gold pour in August. Hopefully be producing 7000-8000oz a month by the end of the year, with production increase and increasing grades.

[1hercule] 07/9/2021 07:05

Update for august

[tnt99] 06/9/2021 09:20

Looks like good news story about to break on increases in production etc over 1.00 by christmas