Pure Gold Mining Share Discussion Threads

[swallowsflysouth] 28/10/2021 15:34

Well things looking a bit more positive at the moment with the share price

[mufprat] 28/10/2021 10:04

Any other company's share price would have reacted a lot more positively to these drill results, between 10-25% wouldn't have been unusual. Just goes to show how little regard the 'Market' has for the BOD. Personally I'd prefer the whole lot of them got moved on, not just the GM.

[robertstronghand] 28/10/2021 09:51

When they gave the monthly updates they did oz poured and did not give produced, a sleight of hand, been suggested on some Canadians boards as explaining the discrepancy. Good drill results, the stuff mined from the East Ramp will improve grades up to the projected grades forecast. Encouraging that the shares held up in Canadian trading.

[swallowsflysouth] 28/10/2021 09:39

On the positive side they might start mining the richest seams when pog is at its highest when one considers where it looks like global and local economics are heading over the next few years.

[richgit] 28/10/2021 09:29

Just look at some of those Gold Grades !!

Pure has arguably years to come of loading such drill results,as the grades get potentially greater and greater deeper and deeper down.

For those that believe Gold is going to tell the real story over the years to come
Pure`s incredible acreage,and what it could hold is going to be the real story
that Investors eventually get behind.

This is merely the beginning and sentiment is at its worst,yet I see Pure
going from strength to strength in the days of Gold truly continuing its rise
somewhat far beyond $2000 per Ounce
We just await that moment that has been merely delayed (somewhat longer than expected).

Let`s wait to see what the US Fed does and whether they can fool the Markets they are in control a bit longer...... Because they are not in control and that will
become apparent in 2022.


Maybe they are aghast at the Australian Taper Tantrum,so will the Fed Destroy the stock Market,or the Economy (which is arguably already destroyed as per the Dictat
of the World economic Forum,United Nations,ruled and owned by the $Multi Trillionaire Psychopaths that keep pointing to "The Guide Stones" as their
intention for the rest of us- useless eaters,as Klauss Schwab loves to continually repeat.

Vaxecutions !! no...... Injecticutions as they are not vaccines.


Amen

[loafofbread] 28/10/2021 07:50

Yes. Lots of gold. Just need to get the bloody stuff out of the ground!

[nigerianprince] 28/10/2021 07:48

Fantastic drill results

[jeanesy] 27/10/2021 20:43

That same research gives a lowering of target price and expected production for the 4th quarter. It also says ' That said, tonnes coming out of the underground are not as
much as investors would like, with a delicate balance of development and funding ahead ' so i would not be surprised to still further fund raising. The grades being mined are still much lower than expected. This is very much a high risk investment to me atmo and as a result I will watch form the sidelines.

[robertstronghand] 27/10/2021 19:03

Sprott research have a new note out in regards to Q3 results, they seem less troubled than I am, gloss over the September performance, I suppose it is in line with their initial forecast than the the upgrade they gave after the August figures.

[chipperfrd] 27/10/2021 16:38

I remain fairly sanguine over timescales. Not unusual for start-ups to take extra time to settle down.

Things should look much better after another couple of quarters IMHO.

[swallowsflysouth] 27/10/2021 16:30

Hi Chip,
lets hope so. A lot of negativity around at the moment. Year on year they should be accessing higher grades with improved production and better management. Maybe more dilution.

Would AngloGold Ashanti want Evolution to take out Pur ? Don't know that they would.

[robertstronghand] 27/10/2021 15:50

I don't think they produced a negative 5oz in September, so that explanation makes sense, they don't seem to split out the September numbers as previously, I assume they weren't great but still they should put them out, this management haven't earned themselves much leeway and haven't been transparent. I don't think we are going the way of Rubicon Minerals, at this valuation Evolution would take us out, especially as they paid CAD343m for Battle North just a few months ago, that is the worst case scenario. The more realistic concern is further dilution, unless Q4 picks up and gold moves higher, at the moment I have more faith in the gold price.

[chipperfrd] 27/10/2021 15:40

Hi SFS,

I expect July was not counted as it was prior to the official declaration of commercial production. Production and revenue prior to 1st August will be capitalised.

[jeanesy] 27/10/2021 15:28

I think the company may need to raise more funds unless the POG rises markedly. Production was supposed to be at much higher levels by now. Company seems months behind where it should be regarding production. Still out here and waiting for better news .. I am sure it will happen eventually

[swallowsflysouth] 27/10/2021 15:22

Chip, trouble is July and August pretty much make the total quoted, 5oz difference. For some reason September may not be counted rather than July ?. See what their response if any is to my email.

[chipperfrd] 27/10/2021 15:15

I think they are only counting production since 1 August, ie when they declared commercial production. Hence, just August and September are counted.

[swallowsflysouth] 27/10/2021 13:01

RSH, good question, 5 ozs neither here nor there but a missing month is different. Have asked PUR, lets see if we get a response. If i do not get a response would suggest that everyone email them.

[malcontent] 27/10/2021 12:23

mining is a tricky and challenging business
You so need the right bodies in place
Hopefully the new appointment will get things on the right foot here
this was one of my smaller gold investments 2 years ago- and one I have come very close to selling a few times
I'm giving them one last chance before I cut my losses
You win some....

[katsy] 27/10/2021 12:22

Looks like they had a holiday in September!

[robertstronghand] 27/10/2021 12:01

July 3,730oz, August 5,535oz is 9,265oz, so how can Q3 be 9,260oz?

[robertstronghand] 27/10/2021 10:55

What happened in September, they were at 9.2koz end of August, did they not produce anything in September, am I reading things wrong, Sprott had upgraded to 15koz for Q3 last note? Only positive I see are a new manager and the East Ramp. Certainly been a problematic start up, but I am holding as I see higher gold prices and issues being ironed out plus exploration/8-Zone (MRE in Q4). Will see what Sprott have to say in their next update. Maybe Evolution will take this over the same way they sorted out Battle North, if it weren't for the exploration potential...

[swallowsflysouth] 27/10/2021 10:16

Katsy, why don't you ask PUR ?

1Hercule, quite possible.

Shouldn't be that long before a resource update. High grades ?

[1hercule] 27/10/2021 09:59

No at this rate they will have to raise again.

[katsy] 27/10/2021 09:56

So how far sown to they have to go for zone 8?

[ginko3] 27/10/2021 09:47

Hardly and 'ore'-inspiring update!!