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Spacehoppa,.
Shakespeare has you well described.
He says' METHINKS, HE TALKS TOO MUCH.'
Always be suspicious of glib talkers for they are often strangers to the truth.
Happyhaddock, first thing to do is utterly ignore the troll cheated, who has no shares now as lost his shirt here.
A bitter type, every post will be negative and worthless.
PURE on paper are worthy of investment, asset looks great, as does exploration upside.
However, management have over ramped guidance and under delivered on production and AISC !
Hence the fall from ramped 150p, to 41pence. Looks to me rather over-sold, but, management need to deliver.
The question is can and will they deliver?? Market is not yet convinced they can or will.
That is incorrect, Cheated. First year of production ment to deliver 69k onz. This information is available in every Company Presentation if you ever bother to read one.
Sorry, a couple of hundred thousand ounces
Do not waste your money here. The board is up to sly tricks that do not favour the investors.
I think the whole thing is a scam. If they cannot make a roaring profit out of what is' supposed 'to be a very rich mining area, there is something radically wrong. We should be producing a couple of thousand ounces by now.
Fairy tales.
Buyer beware.
I took a small speculative holding in PUR some time ago as the geology looked good and it seemed to have the financial backing of some big names.
Knowing that such things take time to play out, and only having taken a small punt, I've not followed it too closely but I'm looking in again where the SP isn't much different from 2-3 years ago, yet theoretically we are now a producer. The financials aren't the most transparent but we're seemingly spending more than we are making selling gold and hence losing money.
I just wondered what folks thoughts were about this; Is it simply early days as we ramp up production to economic levels? Is it that the mining is still very much secondary to more exploration? Or is it that management just aren't doing a good job?
Intrinsically the geology still looks great and I'm considering increasing my holding as moving to being a producer should have made us worth more than when I first bought in, but I'm puzzled by where the money is going.