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What’s the target price here… market cap of £122m and still loss making seems a bit high?
Reckon as this has continued it's climb upwards on a poor market day. Just had to sell out Solgold & buy some more Pure.
Other's seem to have thought the same towards close. Great share to invest in following those director purchases.
My bad.
I’m content with a 19.2% uplift today.
Great news, especially after those awesome director buys. Have to be in the know eh !
Mozax,
That is incorrect, they have done 60km of definition drilling.
I liked the new COO's interview too. He has said he has turned assets around in the past and has been brutal at Pure Gold to reduce costs. He promises positive revenue streams in third or fourth quarter and he's the type of person I'd like to believe.
The management that was in place prior were clearly naive and believed too much of their own hype about how good of an asset this is. Now the realists are in charge and this should be reflected going forward.
They’ve just opened up a 60km strike & Ashanti Gold, our biggest shareholder has stumped up a further $31Million to turn this around, I think they know what’s in the ground.
Good interview on proactive with our COO describing driving down costs & increasing revenue ‘pouring ingots’ no wonder the market likes this story again, especially at this price.
New drilling results
The closing price in Canada on Friday was CAD$0.25 which is 15.9p so it should move up much closer to that price this morning. Whether it stays there or not depends on what happens when the TSX opens.
TDT
Being dual listed & last week this was up 26% on the TSX, stock is clearly tight given swift upward movement on low Volume….feels squeezy to me.
60p to 10p & now going back in the other direction.
I think we all know where this is going.
And up 5.9%.
MM’s shifting up on small volume & now 4v1.
This could make some very big moves quickly.
A number of articles suggesting big gains to be had in some undervalued Gold Miners rather than in Gold itself, my bet is right here.
Let’s see.
The board buying up is a good sign.
If they can perform a successful ramp up to full capacity in a rising gold price scenario, things could get explosive.
Well, when they were selling that was a massive signal that few us us heeded. Now that they are buying at a heavily discounted price you would also have to take that as a sign. We shall see soon enough.
TDT
Onwards and very upwards then I should imagine.
Yep. The parasites have no shame.
TDT
Morning.
Those are chunky director buys.
Indeed TT2, up 16% to $0.26.
They flogged of Pure shares to ii's for $0.15 plus a warrant at $0.18c.
Profits for the boys as usual.
https://money.tmx.com/en/quote/PGM
…..in Canada today. Pure had a good day over there yesterday after the close here and appears to be having a good day today. With luck the momentum will carry into tomorrow as well.
TDT
Yep, agree with that 'snapshot' of PUR's steep decline recently, Happyh - apart from Management 'screwing up' with ops, they also exclusively looked after their own interests at the expense of shareholders which piled on the agony for us all. Takes quite a while to get over that sort of thing...
Hopefully, we're turning the corner now but it'll take some time to restore confidence in this one, imv - sasa.
In short - great geology but management screwed up.
New management have had to raise a lot of cash to get us out of a mess but we now seem to be pointing in the right direction - how quickly we start moving again I'll leave for others to decide.
Hi guys. I was looking at pure a year ago at a price many multiples of today’s price.
What’s happened here ? I only have one position in the market and probably would like some gold exposure as one can never be completely out the market.
Would like investors opinions rather than read the social sites that always sugar coat a lot of stuff.
Much appreciated.
Must be very low here, MM’s moving it up on very low Volume.
I think this could move up quickly with some positivity, or a good Gold Rally.