Pure Gold Mining Share Discussion Threads

[troc1958] 04/1/2022 14:39

Tyro ... you are very right... thankyou for pointing out my error. Fundamental decimal point mistake! Apologies to all for publishing misleading info.Troc

[tyranosaurus] 04/1/2022 11:10

Dec avg = 662 tpd for 31 days
Last 21 days of Dec = 760 tpd (their reported estimate)
This means that for the 1st 10 days of December they only did 46 tpd!!

Your calculation is wrong.
Works out at 456.2 tpd for the 1st 10 days.

[11_percent] 04/1/2022 09:58

The improvements are still to come.

I would like to know the AISC so that we can see if this is still a high cost mine......or grinding towards profitability.

[kirk 6] 04/1/2022 09:32

Yes doesn't look right ? Bad mistake to make though and the BOD need to clarify this asap

[katsy] 04/1/2022 09:10

Reading between the lines it reads, we replaced management who hadn't a clue what they were doing with people with skills. Q4 below Q3 though!!

[troc1958] 04/1/2022 09:06

Seems a positive shake up of management. However some of the reported figures don't quite add up; or shows a major production problem early in December.Dec avg = 662 tpd for 31 daysLast 21 days of Dec = 760 tpd (their reported estimate) This means that for the 1st 10 days of December they only did 46 tpd!!So either their "estimate" is totally misleading or they had a major production disaster in early December! I would assume the former, but why report figures which are flawed.I just hope the new management can sort this mess out as the market has lost confidence in this share. Surprised Sprott didn't pull the plug, but must assume they are behind the management shake up.

[mufprat] 04/1/2022 08:24

Would also be encouraging to see the new BOD members buying shares in the open market as opposed to the ubiquitous options, perhaps that may be a step too far?

[jbravo2] 04/1/2022 08:20

The most important part of it all for me are the grades.
They’re great and so long as they remain anywhere near what is expected (as they are) there is no reason this won’t be turned into a very profitable mine.

[atlantic57] 04/1/2022 08:15

Great News let’s see what new Management can do

[jbravo2] 04/1/2022 07:55

Great news.
Those ultimately responsible for the poor performance to date are finally removed.
Things should slowly improve from here, hopefully the share price will reverse its trajectory at some point this quarter as production continues to improve
Sends a message to all

[mufprat] 04/1/2022 07:48

I suspect the major shareholders finally lost patience and have forced what appears to be positive board changes. The update is also flush with other major improvements to cut costs and improve production. Hopefully we can now move forward with positive updates throughout the year as opposed to the raft of bad news during 2021. The Market should perceive this update as good news, I certainly do. GLA.

[kickingking] 04/1/2022 07:35

This is a positive update. Replaced the directors who messed up big time with some that might know what they are doing.

Going forward, we should start to see more positive results. Hopefully a good start to the new year. GLH and a happy new year all.

[meanreverter] 04/1/2022 07:30

In the course of a year, what should now be a profitable mine has instead needed a cash-raise, with a concomitant quartering of the share price. At last, a radical shake-up of management has been put in place. Let's hope it works, and we can regain the former glories of £1.60+ this year. It's not impossible, given that almost all the gold is still sitting where it was, waiting to be mined.

[the count of monte_cristo] 31/12/2021 01:36

Mufrprat aka Sherlock Holmes - please stop being an idiot. Pretty simple to check the date on the Youtube video. Also, from your deduction it would mean that an obscure 30 second commentary from Sprott where he discusses PUR in a 40 minute video would result in a large decline in the stock, sorry to say this but only a moron can come out with that conclusion. Also, you're welcome for me sharing the link/video.

[loafofbread] 30/12/2021 13:50

Assume/hope it's tax loss selling, which is all the vogue in some of my other stocks.

(Not actually looked to see if they have the same rules as USA!)

[mufprat] 30/12/2021 12:41

The timing of your post intimated the video was the reason for the 10% TSX drop last night.

[swallowsflysouth] 30/12/2021 10:41

I enjoyed the video, thank you for posting it.

[the count of monte_cristo] 30/12/2021 09:40

Yes, look like it. Why?

[mufprat] 30/12/2021 07:39

That video is two weeks old?

[the count of monte_cristo] 30/12/2021 03:01

Sprott mentions PUR at 38:50

[the count of monte_cristo] 27/12/2021 09:10

Indeed, could easily go on a run like it did from March 2020. I suspect we will see it easily surpass the all time highs once the POG really starts it's big move in the coming year (s). Excellent buy and hold at these prices.

[atlantic57] 27/12/2021 08:53

Thank you RsH for a comprehensive detailed review .

This could turn quickly if Management demonstrate that they have got to grips with the current problems .

[the count of monte_cristo] 27/12/2021 08:24

Buy and hold at these prices, just like back in March 2020. Some excellent returns now available on many of these bombed out gold miners during 2022. I am feeling very confident about the future for these gold stocks, like PUR.