Pure Gold Mining Share Discussion Threads

[11_percent] 28/9/2021 17:13

Where did it all go wrong.

[papillon] 28/9/2021 15:46

It's there Katsy. You've called this right! 👍

[katsy] 24/9/2021 08:53

Nearly at my 50p target

[ginko3] 24/9/2021 08:29

Yep, what goes around, comes around; the market has a long memory and it will be a while before their actions last year are forgotten about.

[papillon] 24/9/2021 07:33

Ginko3. You haven't mentioned that the BoD all bought around 4 months ago at over 70p. They got their timing right last year when they sold, but wrong this year when they bought!

[mufprat] 20/9/2021 09:05

Ginko-fully agree.Whilst Covid won't have helped, the Board have proven to be mostly inept. Over promising under delivering. To the extent they've had to return to the market for additional funding on multiple occasions. I wouldn't be surprised if they tap up investors again before profitability is reached.

[ginko3] 20/9/2021 08:30

That may be the case Robert but it still sticks in my craw that the directors sold large numbers of shares towards the end of last year clearly in the knowledge that things were going badly, but before that news was in the public domain. One thing we have to be able to do is trust the management team and this lot have acted in poor faith

[robertstronghand] 17/9/2021 19:33

Darin was presenting at the Denver Gold Forum, you can watch it on goldforumamericas.com In management's defence they have been unfortunate they have started up during a pretty nasty correction, for the mining equities not gold itself, no one would have cared if the sector was shooting up.

[swallowsflysouth] 11/9/2021 18:53

Focusing on the grades, tucked shares under the bed, fish them out in a couple of years.
Shame about trust, such is life.

[loafofbread] 11/9/2021 12:07

RNS after close.

Decent £60k buy (C$100K) from one of our Directors.

Lets hope the rest follow.

[papillon] 09/9/2021 17:49

jeanesy 8 Sep '21 - 15:56 - 5532 of 5549
0 2 0
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

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Sensible post, jeanesy. I notice it's currently down in Canada.

[richgit] 09/9/2021 11:28

atlantic57


When you consider that the WEF, fronting the United Nations, is now fully in the progress of their long intended Economic destruction of the USA and the $Dollar,and then look at the basic total destruction, with virtual military lockdowns, of the New Zealand and Australian economies,Canada in full Communism mode ,soon to be followed by the Uk- what is this going to do to those underlying currencies.!?

The Euro should be renamed the Titanic Confetti- just waiting to hit the Iceberg

Along with inflation,staglation.shrinkflation then a massive deflation,followed by Hyper-Inflation,there is going to be little trust left in the "promise to pay" of all Major Confetti.


No wonder Central Banks are quietly frontrunning all the blinkered Joe Bloggs to buy Gold,and eventually leave nothing for the Joes below $2500.


Finally-- Whatever fully owned by the WEF,Boris the useless,says He wont do-
tells us what he will do.!!

That is fear enough when People wake up to what is coming in the UK


Amen

IMHO.

[11_percent] 09/9/2021 10:26

The management here.....along with Oxygen Capital....are a bunch of scammmmers.

[robertstronghand] 09/9/2021 09:52

On the plus side it really is just about the price gold and what exploration can bring now.

[atlantic57] 09/9/2021 09:48

Richgit

I think long term the prospects for pure on the balance of probability are good.
Near term term the current Management do not inspire any confidence .The record in 2021 speaks for itself and the directors sales suggests that they are not very confident themselves in the near term position.

As for gold the jury is out.
There have been endless forecasts by numerous experts like Peter Sciff who have been wrong for 10 years plus .

one day Gold should have a run when that will be is another matter.

[richgit] 09/9/2021 09:25

Atlantic57

I somewhat doubt that anyone buying into PUR for the phenominal potentials of growth -deeper and deeper down- will lose Money over the years to come.

I bought in for the huge potentials of zone 8 etc,and a Company that could offer dreams all the way into the stair steps upwards of the Gold price,and potentially achieve a $Multi-Billion Market Cap.(bar colossal mishap)


Just a snippet of what is partly known-and yet how many Junior Gold stocks can offer this.


In over 30 years of Buying Gold stocks,and many that became true Multi-Baggers,
I can confirm the obvious -that if you bought and sold at the wrong time you would needlessly have lost a lot of money. ( all things being equal )






"We’ve only just scratched the surface
In less than 6 years, PureGold has defined a 2.1-million-ounce Indicated Resource (7.2Mt at 8.9 g/t gold) and a 0.5-million-ounce Inferred Resource (1.9Mt at 7.7g/t gold). Mineral resources are inclusive of Probable Mineral Reserves of 1 million ounces of gold grading 9g/t.1

And we’ve only just begun.

Most notably, PureGold has yet to expand its exploration and drilling program to depth. Why? Because we’ve had so much success increasing the size and scale of the gold system outside of our Phase One mine footprint all along our 7-kilometre-long Gold Corridor.

And yet, a single high-grade pierce point anchors the deposit at a depth of approximately 2 kilometres, with similar geology to the main deposit, showcasing our belief that there is significant potential to expand the high-grade gold deposit to depth. And we know that gold deposits like this often continue down for kilometres underground.7 The Red Lake Mine Complex to the north of us is currently being mined at approximately twice the depth (2.5 kilometres) of our established gold reserves.8

Highly-focused exploration and expansion drilling will be ongoing along our 7-kilometre-long by half-a-kilometre-wide Gold Corridor with the objective of further increasing the overall scale and size of our gold resource.


The “8 Zone” – Our High Grade Zone

One area of our 7-kilometre-long high-grade Gold Corridor that the PureGold team is particularly excited about is the “8 Zone”, which is located approximately one kilometre underground.

In terms of its geometry, the 8 Zone is wide-open, up-and-down plunge, and is characterized by very high-grade gold intercepts such as 466.0g/t gold over 4.3 metres and 342.4g/t gold over 5.5 metres.9 Some historic assays ran into the kilograms of gold per tonne of ore. We have a drill hole up-plunge (i.e., above the 8 Zone) that supports continuity of the gold system between surface and the 8 Zone.12

We believe our 8 Zone is geologically similar to the famous High Grade Zone at the Red Lake Mine Complex, which transformed the fortunes of Goldcorp in the early 2000s.8

Notably, the very first outside investor to support PureGold’s entry into Red Lake was Goldcorp founder and CEO, Rob McEwen.

Eric Sprott, another of our cornerstone investors, says that PureGold reminds him of another gold company in which he was a key strategic investor, Kirkland Lake Gold. Similar to Goldcorp, Kirkland Lake Gold was transformed after it made two high-grade discoveries – one at its Macassa mine in Canada, and another at Fosterville in Australia.10,11

The ultra-high grade hits in the 8 Zone remind me a lot of the High Grade Zone that built Goldcorp, as well as SMC at Macassa and the Swan Zone at Fosterville. These are the types of discoveries that have the potential to be company makers, and tend to lead to a much higher production profile than originally given credit.11

– Mr. Eric Sprott "



Each Investor has to make their own decisions,as to when is a stock valuation
a bargain to further buy and hold,as the hindsight of a stock going from 60p
to £10,is regrettably a useless hindsight,that needs the decisions of foresight.


Like the ludicrous rise in values of Classic Cars etc,everything Gold will rise in value at some point,as
more and more People try to escape worthless currency- but Gold will outlive Classic Cars,Mario Cards,and much more.



IMHO

[podgyted] 08/9/2021 21:56

I would like some authority to take them to task.

To do an increased prod'n RNS and then do a discounted capital raise a couple of days later absolutely stinks.

Todays volume speaks (sorry) volumes - exit!

[ginko3] 08/9/2021 21:31

Glad I got out of here a whole age, just a bunch of efin conmen dressed in suits

[atlantic57] 08/9/2021 19:33

I have lost substantially on this Company .
I have zero confidence in the Management here.Following Sprott clearly does not always work.So many posters were bullish on this company prior to the first pour…

[lottsgold] 08/9/2021 17:50

Poor form by the management here, as you say Katsy clearly that is the case. I very nearly bought back in yesterday. Still capable of a bag or two from here but not a smooth journey for LTHs.

[katsy] 08/9/2021 17:37

I'm assuming they knew about this fund raise and price setting before they released yesterdays RNS. I can only conclude that yesterdays RNS was designed to help a few insiders get out at a higher price knowing what was already coming.

[donald pond] 08/9/2021 17:06

Warrants as well, what a game when you can get mates rates, playing with a stacked deck innit?

[kickingking] 08/9/2021 16:33

They will raise approx £12 to £13 million and our market cap goes down about £53 million.