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London South East Natural Resources Briefing webcast: #Emmerson #Alba #Condor Gold #Gold analysis
Angus Energy in talks to buy 'transformational' gas asset in North England


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Member Since: Thu, 13th May 2010

Number of Share Chat Posts (all time): 2,431
Number of Share Chat Posts (last 30 days): 39

Last Posted: Today 09:56


Post Distribution over the last 30 days




Today 09:56

How many opportunities will there be later this year to buy below 25p? Traders dream this share
Thu 12:20

Peel Hunt maintained a ‘hold’ rating and target price of 1,025p.

“The shares have bounced nicely in 2019, modestly ahead of the sector,” the broker said.

“The 9%-plus dividend yield retains obvious attractions for investors but we continue to see better value elsewhere in the sector.”

Shares dropped 1% to 1,034p in morning trading.
Tue 12:55

Admission to Trading on the London Stock Exchange

Pure Gold Mining Inc. (PGM: TSX-V) ("Pure Gold" or the "Company"), a Canadian focused gold development company that owns the high-grade Madsen Red Lake Gold Mine ("Madsen" or the "Project") in Red Lake, Ontario, is pleased to announce that at 08:00am BST today, its common shares will be admitted to the standard listing segment of the Official List and the LSE's Main Market for listed securities ("Admission") under the ticker PUR.

Admission follows the publication of the Company's Prospectus on 14 May 2019, a copy of which is available on the Company's website

http://puregoldmining.ca/investors/LSE-Listing

Darin Labrenz, President and CEO of Pure Gold, commented:

"Today marks an important new chapter for the Company as we commence trading on the London Stock Exchange alongside our existing listing in Toronto. The LSE listing is a global platform which allows us to introduce Pure Gold to European and UK investors as we approach construction of our high-grade Madsen Red Lake Gold Mine and first production targeted for next year.

Due to the very high grade nature of the ore body, the low capital cost, short 13-month construction period, and project location in Ontario, Canada, we have already had good interest shown by European investors. We look forward to broadening our shareholder register as we approach our first phase of production and unlock the wider deposits in our licence area within the iconic Red Lake mining district, home of Canada's highest grade gold deposits."

Pure Gold is a Canadian focused gold developer. It has recently released the feasibility study for its flagship project, the Madsen Red Lake Gold Mine, which outlines an 800 tonne per day underground mining operation with a 12 year life-of-mine ("LOM"), Probable Reserves of one million ounces at 9 g/t Au in 3.5 million tonnes, and a comparatively low initial capital cost of C$95 million (US$71 million). The Company is targeting H2 2020 for first production. In addition, specific exploration targets and satellite resources not considered in the feasibility study suggest an opportunity for near-term growth to potentially further enhance the economics of the project. A recently completed preliminary economic assessment ("PEA") of these discoveries highlights the tremendous prospective upside present at Madsen Red Lake Mine, and demonstrates how Pure Gold would phase these new discoveries into future mine plans.

267,211,692 shares in issue x 34p = £90m market value today I believe
Tue 12:46

It doesn't matter if Labour get in at the next election. If Labour take power it will be some form of coalition and there's not a cat in hells chance of them passing these changes through Parliament.
Tue 11:58

Blue now. 25.5p offer
Tue 11:41

@ the unwashed...

V205 and Fev pricing explained
https://www.thebushveldperspective.com/vanadium-prices
Tue 11:30

Could not buy for 10 minutes. Offered 21p now. As someone said below, drop engineered to shake out the nervous. Read the latest presentations again and feel confident here. Largest Vanadium Resource in the world, high grade, among the lowest costs, ramping up production. Vanadium demand set to double in the medium term. Current market deficit isn't set to reverse anytime soon. Interesting graph detailing spikes in the vanadium price. Reported Russian stockpiles disappeared overnight many years ago, I wonder if we will hear something similar soon. Not the Russians, guess who...
Mon 14:23

https://www.vanadiumprice.com/vanadium-demand-expected-to-hit-56-billion-driving-new-north-american-mining-plays-2/

Going by what I've read elsewhere the market value of Vanadium continues to fall as a result of oversupply. I should clarify, it's short term oversupply as inventories have been steadily declining each year since 2010.

According to one article

Chinese ferro-vanadium export prices are weakening as pressure on the European ferro-vanadium price spills over. The export price for ferro-vanadium in China slumped last week after holding steady for three consecutive weeks.

23p per Bushveld share. If the vanadium price bottoms which market analysts are expecting then it won't be long before BMN recovers. Who would sell at this level?
17 May '19

Net debt ballooned 50% in the 6 months and outlook suggests continued losses. Only the sale of airline will stem losses but I see further margin squeeze and weaker demand ahead. Why bother holding?
16 May '19

Bought more. Not a buy signal. Just expecting a bounce before next quarterly update back to 7.5p+
16 May '19

ColonelDrake - cashflow will be better by the end of this current quarter. How else do you explain AISC dropping to $800-850/oz when balanced out for the year? There is a good chance this AISC figure will be revised higher to around the $900/oz level for the year but they will produce more gold this quarter at better margins. If you point me to why costs will be worse than company have forecast I am all ears.
16 May '19

Looks cheap to me with the 25p dividend cover but wary of anticipated slowdown which may worsen as BREXIT looms later this year. One to watch.
16 May '19

Take it easy Roydon, ride the loss with confidence knowing the share price will rebound. It may take some dollar weakness, some better looking operational results etc but this looks a great level to buy at. I'd expect the shares will trade above 600p again before the month is out.
16 May '19

Patience rewarded. Number of times we bounced off 69p and into the low 80s only to be knocked back again. With todays results revealed the market has caught on to what some of us have been saying for months. Well done to all the long term holders. I wouldn't be surprised to see further rises however I've taken a few off the table this morning to reinvest in a couple unloved gold producers.
11 May '19

ragnar - the 'constant' with this share has been the ever increasing cash pile, thanks to the strengthening basket price. These past few weeks have weakened sentiment but we are still looking at impressive margins come the next update. I don't believe SLP will achieve lower guidance of nearly 22koz and this is based on what was a poorer than expected update last time around. If the share price doesn't climb back to 33p+ I will be surprised though, as cash build up will grow substantially this quarter regardless of the total (20-22koz)

If you're right ragnar and they achieve the 22koz then all bets are off.
10 May '19

*correction, RMM are actually burning through about $12m per annum but the loss is shrinking each quarter.
10 May '19

maestro1 - indeed they reached their target and there was no mention of profitable production. If you check the financials from Q3, there's very little cost cutting that could have been done in the past quarter to make much difference. Cash costs would have been roughly the same. The marginal gross profit would have been higher and spread across group costs, reducing the loss but there's still a way to go.

If commodity prices improve then it's a different ballgame but like I pointed out yesterday, the price has been heading in the wrong direction for the past few months. It's looking fairer value today at 2.5p


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