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Is it slowly being sold at rock bottom prices form under the noses of shareholders. With promises to Directors about guaranteed employment , salaries, pensions and share of the spoils.
Trek, which other Canadian gold miners if i may ask ?
Up In Canada, 3.17 % at the moment
All valuable input cheers. I’m going to give the new team a chance as I’m averaging 60p so not interested in taking 50% loss. Hopefully I don’t regret it. Only needs more good drilling results to change its course.
Unbelievable another placing!
I got this one wrong and traded out from memory in the 50’s and thought then it would likely bounce back up. It’s been a nightmare of a stock to predict because of the asset.
Hopefully a takeover will come now to help the long suffering fellow PI’s here.
I hold some other Canadian gold miners. Will be seriously questioning the asset and viability after this fiasco! Even the big boys get em wrong!
Good luck guys
Trek
Looked on Yahoo, does have the announcement there too but no comments as yet, guess different time zones and all. Realistically, given the exchange price were looking at 31p - and if it continues down like last time then!!! Wonder if management will give themselves another wad of free shares as a reward AGAIN.
The reason why there is no upside for me is because when you factor in the debt it was coming out at about 14p per share (before today). So if AA wanted to buy this out, they need to pay 30p per share plus 14p debt, before any upside or profit for share holders. So Enterprise value is of this company is roughly 43p share. Said company is loss making, has not been able to prove that the assets are easy to mine, etc etc. If gold stayed the same price, I cant see this company rising above 40p this year. They have already demonstrated that their recent claims cant be trusted, as they said cash flow positive in H2, yet done a placing already (why not a loan?). It is ever diminish returns here I am afraid. Plus you are last to know what is going on.
Good luck, I took 32p for mine. Off chasing another rainbow.
I saw a post on JLP of these 2 guys arguing over HUM, and one guy said "show me another company with a worse AISC ". I was very tempted to answer that question.
26p??
I know it’s dark times compared to when this was over a pound but surely the level of money being pumped into this by experienced ii such as sprott and a huge gold miner like anglogold ashanti means there has to be some upside? I’m annoyed aswell as I topped up on Tuesday but no upside left is a bit ott I’d say
Hope Darins scalp was part of the deal.
On the bright side, this is because there was no chance of getting those 31M warrants exercised. So 56M new shares is probably only 25M net. I sold a lot of mine at 40p, in hindsight a good move. Will probably sell the rest when price settles down, as there just isnt any upside left here for me.
Troy Fierro, President & CEO of PureGold, stated, "We are delighted to announce this financing..." - At least someone was delighted.
I think there was large selling on the Canadian exchange from national bank over the month, just wondering if it was to bring the price down in line with their plan....either way a nightmare investment !!!
Watch the share price no sink to 31p.
TDT
More dilution. Yet another fund raise.
I guess that must be covid then.
TDT