Pure Gold Mining Share Discussion Threads

[mufprat] 27/1/2022 12:51

Sticking your finger in the air and guessing at some random figure on the basis of no knowledge of the company nor mining operations doesn't make you right, it just makes you lucky, lol.

[katsy] 27/1/2022 12:37

Looks like I was right to set a target of 25P. Also with all the Canadian truckers now on huge conveys to Ottowa, I wonder how that will effect the mine.

[soulsauce] 27/1/2022 12:34

It always makes me laugh when directors say 'we are delighted to announce' and then go onto explain how and why they have bent long term shareholders over.

[mufprat] 27/1/2022 12:25

I was wrong, we're going to bounce around at even lower levels. When will this company stop tapping the market / existing shareholders for funds? All of the financial projections in the feasibility study were as we now know, fantasy. FFS.

[mufprat] 20/1/2022 22:04

And back down 6.8% tonight. Oh well.Think we're going to bounce around these low levels until the next trading update.

[mufprat] 20/1/2022 08:19

Closed at 74c on the TSX last night (up 8.8%) equivalent to 43p.If the share price can crack 45p we're finally out of the downtrend. Here's hoping the POG breaks out to the upside and the new management continues to get a grip on running a successful mining operation.

[meanreverter] 18/1/2022 17:55

Crux interview at

[jason_scrap] 18/1/2022 15:16

We're in good hands now. Expect a turnaround

[swallowsflysouth] 18/1/2022 13:05

RSH, thank you. Good drilling results, and by the looks of it management working hard to turn things around. Could come good at the right time the way inflation looks like heading.

[robertstronghand] 18/1/2022 12:11

There is supposed to be an interview with Crux Investor posted, presumably on their youtube channel today. I have Copied and pasted the following from someone who has seen it : Matt was tactfully critical and got plenty of nuggets out. The new management is certainly different from the previous regime, in that they are not over promising. They want to focus on getting production right. Troy stated that usually startup issues are related to mineralization, modelling, mill, etc. But in this case, it was related to lack of definition drilling, leadership, and accountability. For example, while the Mill operators were utilizing computerized prevention maintenance programs to avoid equipment downtime, the underground mine operators were not. As a consequence, the equipment failure led to downtime. This resulted in fewer tonnage in October (and the manager's subsequent unemployment). Travel restrictions limited the board from visiting the mine on a regular basis. Troy himself had only flown on site first time since pour in Sept. So they were basically going by the numbers fed to them, with promises that kept failing. Company is guiding for lots of improvements in Q1, including cash flow neutrality (positive in Q2). But this year they will likely not be expending any cash on growth. Instead, the goal is to reach stability and regain credibility as mine operators. Troy even acknowledged that the issues faced this year were avoidable - especially through something as basic as additional definition drilling. They are now executing on that plan. It is clear they are keeping a close eye on cash.

[atlantic57] 18/1/2022 11:24

Yes excellent results ,they are sitting on a huge asset.
It needs a competent/management team to get it out the ground.

[mufprat] 18/1/2022 10:40

Latest definition drill results excellent.

[robertstronghand] 12/1/2022 11:48

Sounds like they just gambled on the McVeigh zone which disappointed, with the areas accessed by the East Ramp and more definition drilling this should resolve itself. Says they are nearly cashflow positive...

[atlantic57] 11/1/2022 23:02

“Without a plan” is an interesting quote from the you tube presentation.
That sounds like the Previous management did not know what they were doing.

We will need to see a couple of quarters steady improvement to assess the current
Management team.

[mufprat] 11/1/2022 21:02

Up 7.5% on TSX, 11% at one point.Hopefully the turning point, but said that a few times before!

[katsy] 11/1/2022 11:43

Yep! the injection is the infection.

[powereddrones] 11/1/2022 09:26

Not the bottom, but maybe very well close. I am sniffing around for bargains.

[papillon] 11/1/2022 09:19

Very true hubs.

[hubs] 11/1/2022 07:16

Not quite at the bottom yet then...

[papillon] 09/1/2022 00:47

I read this article today. It's long, but we'll worth reading. I especially liked the "all hat and no cattle" saying 😂

[katsy] 05/1/2022 16:30

High volume the past two days, flushed out the week and brought in new investors it seems. Some strength today. Let's hope new management together with an even stronger gold price will dramatically turn this around. What was the goal again, to be the 5th biggest gold mine, or something like that.

[the count of monte_cristo] 05/1/2022 08:20

Mufprat - you turned out to be an utter prat. Have a word with yourself about gaining some manners when someone shares a link or information you rude idiot. Your deductive capabilities are excellent:)