Pure Gold Mining Share Discussion Threads

[the count of monte_cristo] 10/12/2021 03:23

I think we may have bottomed out

[neo2725] 06/12/2021 19:52

Just watched this and will let you know when the recording is available hxxps://www.bigmarker.com/series/vid-v-sponsored-by-laurentia/series_summit?utm_bmcr_source=CEO

Basically the new mine manager is there is shake things up and cut costs to the bone. Lots of talk on poor share price performance and Darin looks like he’s on borrowed time. Personally I think he knows if there isn’t a big improvement in 2022 he’s gone.

[katsy] 02/12/2021 09:45

When management spectacularly get in wrong on start up it's very hard to regain the trust of the market again.

[mufprat] 01/12/2021 15:28

Can't recall being involved in a stock where the share price is so relentlessly down.

[the count of monte_cristo] 30/11/2021 08:59

Bought in, looks close to the bottom now. Similar to what it did back in March 20 the last time I bought this stock.

[swallowsflysouth] 24/11/2021 15:58

thank you Chip, it just would not post properly for me.

[swallowsflysouth] 24/11/2021 14:15

some odd problem in copying web address, this hopefully will work, just stitch it all back together into one line.


hxxps://
www.sprott.com/media
/4547/211115
-scp-pgm-3q.pdf

[swallowsflysouth] 24/11/2021 14:10

sprott's view

[...]

[swallowsflysouth] 24/11/2021 12:55

hxxps://www.puregoldmining.ca/wp-content/uploads/2021/11/PureGold-Deck-November-22-2021-FINAL.pdf

[kickingking] 23/11/2021 17:12

Can't believe my luck sometimes. Having previously sold out, bought back in here at about 12.30pm (8/9/21) at just under 69p. An hour later they announced a fund raise. Sold out of HUM and AAZ to buy here at the time. OK both those companies are down about 20% since, but now I need 50% just to break even here.

Decisions, decisions, hold here or sell and put cash into a dividend paying gold mining share while I wait for gold to go on a proper charge.

I think POLY is the best available. Will see what CEY have to say when they update on 1st December. GLH we're going to need it.

[swallowsflysouth] 23/11/2021 12:34

Katsy, i suspect the answer to your question is sometimes it would be better to suspend operations if they are non-profitable, and other times, it would not be better to not suspend them, ie to get to the profitable gold they need to take that route through the unprofitable area. For reasons i never understood you need to sometimes mix different grades of gold to process them in the most cost affective manner.
In other words it is never straight forward !

[katsy] 23/11/2021 09:30

If your AISC are say $1800/oz and the price of gold drops below that surely it would make business sense just to shut down production. No point churning it out of the ground if JPM isn't willing to pay for the real cost of gold. Or just stockpile it until the point where you can sell it at a profit.

[swallowsflysouth] 16/11/2021 16:50

I did reduce my gold miners reasonably well, but should have sold my gold bricks early and all of my MML not just most of it.
The only gold i have now is PUR. While management do not fill me with confidence their big investors do as do their grades and the way pog looks like going.
Chip is brilliant, like his forums.

[katsy] 16/11/2021 16:34

I think most gold miners share price has been struggling, in all honesty I think most PMs miners are struggling due to the price of PMs being very cheap in relationship to real world prices.

[atlantic57] 16/11/2021 15:50

Yes I did well on mml but got way way to early ,Very Grateful for Chips invaluable input.

I have made a complete mess of reading the gold market in the last 8 years but that it is down to me.

[swallowsflysouth] 16/11/2021 15:35

Atlantic57, we all make mistakes, this one might be mine as well. Time will tell. I also made money in CEY and in MML.

[atlantic57] 16/11/2021 14:59

[...][...]

Ticker: PGM CN /LN Market cap: C$421m RECOMMEND. (unc): BUY
3Q21 cash: C$24m Price: C$0.96/sh TARGET (down): C$1.60/sh
Project: Madsen

Country: Canada, Red Lake RISK RATING: HIGH

[robertstronghand] 16/11/2021 14:53

Canucks are buying and dragging it up. Sprott with a new research note out for Q3 results.

[atlantic57] 16/11/2021 14:26

SFS. I think you have been on the gold scene for many many years. I made a catastrophic blunder with this Company. Years ago I was lucky to buy cey when it was an explorer at 10p I held during construction and beyond the first pour where the company excelled I think going to £2.00.

I thought this would be a similar story I was wrong.

I think a change of management is needed here.

It would be interesting to know what Sprotts thoughts are now

[swallowsflysouth] 16/11/2021 14:06

Atlantic57, More money needed may indeed be the case, time will tell. As you say management need to prove themselves. Hence the low share price Bargain time for the brave.

[atlantic57] 16/11/2021 13:35

would agree sfs but personally I would say this is a buy for the brave only until their issues have been resolved. More money could be needed in the meantime.


Definitely the case for me Management have not demonstrated that they can get to grips with teething problems which I appreciate can be common in a start up.

[swallowsflysouth] 16/11/2021 12:35

jeanesy, not expecting fireworks in next quarter, but if pog does motor through $2000+ it could coincide with PUR getting past its 'teething' trouble. See if different management improve things. Sometimes its just right place, right time. Maybe a buy for the brave, depends how you rate the risk against the potential gains. Have topped up at what i see as bargain share price against expected grades. I think the grades are there, they just have to get their act together. Do not think their big investors will let them mess up to much without intervening.

[mufprat] 16/11/2021 12:31

As you're fond of posting - ad nauseam