Pure Gold Mining Share Discussion Threads

[atlantic57] 02/3/2022 11:05

It is very difficult to see how this will end at the moment.
The Chinese are probably the only people who can influence Putin.However if Putin backed into a corner with no way of saving face then it will be difficult to end quickly.

Yes the conditions for Gold are as good as they have been in some years.

[the count of monte_cristo] 02/3/2022 10:54

Putin is not going to back down. He seems out of touch with the Ukrainians and probably thought that they would welcome and even participate in the toppling of the Ukrainian gov. He doesn't understand that a Westernized Ukraine, who loves YouTube, FB, etc doesn't want to be part of any autocratic Grande Russian empire vassal state that he is imagining to make Russia great again. Russia is a waning economic and military power with most of the population within Europe and vast expanses in the East unpopulated. Like many European countries they also have a demographic problem with a declining population and ageing one, plus an increasing ethnic population. Putin has badly misjudged this but now can't back out, therefore, unfortunately the end result is going to be heavy and catastrophic military action. The result of which is going to send the precious metals significantly higher than there current level.

Apologies to discuss political issues an Russia but one has to in the context of the gold price, the last time we saw such similar events was before WW2, W1 and the Napoleonic era. One can look back at how this impacted precious metals.

P.S. I have visited Kiev and Odessa many times, have friends in Ukraine and had a Ukrainian gf. The young population, and it is the young people who change things and are the future, want to be Western.

[the count of monte_cristo] 02/3/2022 09:23

I wouldn't be selling at this price.

[robertstronghand] 01/3/2022 16:29

Problem is gold is taking off because these sanctions on Russia will blow up the system, rather than the usual more gentle rise of we are screwed but will muddle through.

[the count of monte_cristo] 01/3/2022 10:57

Gold taking off

[the count of monte_cristo] 01/3/2022 01:21

Great to hear from you chip and as atlantic57 says your experience and input is warmly welcomed.

[the count of monte_cristo] 01/3/2022 01:19

atlantic57 - Yes, but not all shareholders are stale bulls and are sitting on losses, and some of us are already sitting on healthy gains and expect much more.

[atlantic57] 28/2/2022 17:15

Hi Chip,

Good to hear from you.
It was a golden era from say 2005 to 2011 not straight up But generally the trend was up and also the valuation ,ethics of miners appeared to be much higher in terms of multiples.

You have alot of experience .I was spoilt by medusa mining and cey which did appear to get into production smoothly.i Guess each mine has its own metrics.


Thanks for your consistent excellent work and sharing it.

[chipperfrd] 28/2/2022 16:42

Hi Atlantic,

Yes, I have to admit that I waited for it to come back down before starting to build a position.

I did a post here a few months ago after I had first bought in. I had built a DCF model and ended up with an initial target of 112p/share so thought it an opportune time to get started.

I am not surprised that they have struggled to get production to plan. It's hardly unusual for new projects - and PUR has had CV19 to deal with on top.

Will have to see how the next few quarters go but I am relatively sanguine about current volatility and happy to buy dips.

All the best
Chip

[atlantic57] 28/2/2022 15:16

The count if you look back I think
You will find everyone was Bullish and
Many investors were crushed in the
Subsequent collapse.

They are probably waiting for evidence
Management addressed the production problems .

On the other hand if you are a new investor,yes a good time.

[the count of monte_cristo] 28/2/2022 14:50

Quiet bb considering the potential upside here, could run to 100p in a relatively short time. Look at how quickly it went from 40p to 100p last time. This time the company is actually in a stronger position and the gold price is higher.

[the count of monte_cristo] 28/2/2022 09:17

It has a long way to run from here

[robertstronghand] 26/2/2022 08:12

It is slightly depressing a rise of over ten percent only gets us back to 50p, still my original purchase will now be showing a healthy enough gain. Gold is doing what I thought it would, even if the correction last a few months longer than I hoped, just need Q1 to show they can mine profitably and these will shoot up.

Not even thinking about exploration at the moment.

[papillon] 26/2/2022 00:23

MoneyWeek: The price of gold spiked yesterday, then collapsed – what happens next?.


Excellent article. Well worth reading.

PS I believe you will recover your losses and show a profit, atlantic57

[atlantic57] 25/2/2022 21:44

Papillon I bought in the run up to production commencing at around 150 p and sold at a huge loss.I have recently bought back in the hope they get their act together where the potential would be outstanding .

[papillon] 25/2/2022 21:37

Not that I know of atlantic57. Russia / Ukraine situation?
TSXV:PGM closed at 84 cents. At today's exchange rate (C$ = 0.59£) that equates to 49.56p for PUR. So expect PUR to open up over 10% on Monday morning Russia / Ukraine situation permitting.

[atlantic57] 25/2/2022 21:30

Yes I noticed that any reason

[papillon] 25/2/2022 21:26

Good news. PUR closed up 12% tonight in Canada.TSXV:PGM

[atlantic57] 24/2/2022 16:03

Could you share the link please.

[loafofbread] 24/2/2022 15:48

Some decent posts on the Pure twitter feed.

[the count of monte_cristo] 24/2/2022 15:13

I think we might finish blue today.

[swallowsflysouth] 24/2/2022 14:45

couldn't agree with you more

[atlantic57] 24/2/2022 10:49

The Count thanks for that comment.

Yes your summary of financial markets and they way they react is absolutely correct.
Historically gold stocks will rally after the initial pull back, given the current conditions in the world.
However not all gold stocks have come back cey is up 6% and tsx miners look to be opening higher ego for example.

I guess my concern here is that pure have had a diabolic run appear to have had some positive energy of late.

Let us see how our progress over the next few months.

[katsy] 24/2/2022 10:22

I know that Canada is being run by WEF tyrant but with gold going through the roof now would be a good time to pile into PUR.