The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Hughie Green loves this.... just 17% of the SP a yr or so ago...
its not for the faint hearten but I see value....
Buy when others fear ....and sentiment is low....
When it returns...... big returns...
ATB
Does make you wonder if the previous management hsad been helping themselves to gold but proving that is anpther matter.
That is one he'll of a depressing read. I think a dead cat bounce is what everyone is waiting for to cut losses. As the share is close all time low, there can't be any holders in profits including me. Might just sell out and risk it all on polymetal and hope to make back my losses. I've already written it off in my head. I would need 250% just to break even. I jumped from the pan into the fire with this after being disappointed with HUM management and selling out at 20p there.
Just read this, what do you guys think ?
https://seekingalpha.com/article/4499455-pure-gold-mining-earnings-cheap-but-for-a-reason
I think gold will hit $2200/2500 this summer but I be needing $3000 plus & then I may never see my average of 90p ever again. I been so tempted to by 10k at this silly price but Pure Gold has turned me into nervous investor instead of looking at the enormous potential in this company.
PURE SCHYTE PLC would be more apt...
"What in hells name have the board been upto...."
With the previous lot and no small number of existing BOD the only thing they appear to have done over the last couple of years is line their own pockets. That and bring into production a loss making mine.
When you consider the amount of time they spent blowing their own trumpets and you don't know whether to laugh or cry. Each presentation Labrenz gave he emphasised the collective experience and the projects the team had worked on. All that supposed experience yet they've failed miserably while trousering a zhit load of money. No shame.
TDT
Except my ignorance, yet it costs 50 mill to construct a mine, minimum figures. What in hells name have the board been upto, and why are we looking at a further 50 mill finance?
Well that hardly inspires confidence :)
Thanks for that link Charlotte, that is interesting although I am not sure that the distraction is a good thing for the company.
However it is good that the directors are made aware of their legal responsibilities.
Need to approach Kinross as well, sell the property to cover debts and we or class action shareholders get a 2 to 3% royalty on the mill through put. Kinross's Great Bear resources and the mill infrastructure would be very valuable.
Sadly self inflicted by Pure's total, 101% village idiot moronic management who may, or may not,
know how to dig gold profitably.
The most stupid thickest 1 cell amoeba would know announcing a hefty equity raise would trash the share price!
Despite all that their is probably decent value in Pure's asset, but thick as thick pig shiite management decided to put most buyers off with their last RNS.
They have yet to give a reason for investors to invest since committing share price hari kari.
It's looking like a disaster on the canadian exchange, oh dear.
Talk in the background of a class action, not sure how much traction it will get.
Hope a financing goes well but it looks like a ****ems storm.
Best approach Kinross I would think, but I doubt management could get something together after seeing this mess !
The uncertainty re: financing, and at what cost, is really killing the SP at the moment. Things should turn around soon, as I can't see Anglo Gold Ashanti or Sprott allowing too much more SP erosion. Just my opinion, but anything around the 20p mark would scream buy.
Great minds..
This begins to look like SXX (Sirrius) and will get gobbled up for a song. Shareholders will all get shafted..
Let's hope to that this will not turn out to be another Sirius Minerals. Great asset but no finance was bought for pennies by Anglo American ....
This will continue to drop daily until (if) financing is secured. I got in at £1 in May 2020 &have considered averaging down, but this could just as easily go to zero from here. I'm holding, either way.
I've been invested here for a few years and have periodically added more as prices have fallen as the geology looks great and I keep questioning how the mkt cap can be so low...
Of course we all know the answer to that has been management, or arguably the lack of it.
I'm still convinced this is going to be a hugely profitable and valuable mine for somebody in the future. The issue being how far in the future and will that somebody still be us? The cheaper we get the more attractive we look to a major with deep pockets and an eye for a bargain.
I'm hopeful that our new management can turn things around for if they can't make a profit out of what we've got then they probably shouldn't be here. However they've a big financial mess to sort out and I find myself asking is this finally the lowest low to buy more at, or must things get worse before they can get better?
Oh the joys of speculating in the junior end of exploration and mining!
It's cheap if they get their **** together but on paper as of right now based on production alone it's obviously not cheap.
I've no idea where this is going but perhaps they want upper teens?
Was invested here when it was nudging £1....
Buts cashed up for a little loss a few times on the way down....
I am thinking not a lot has changed but a little dilution....
Maybe an investment at this price will recoup my losses...
Everything happens for a reason and you have to be in it to win it.....
Old dogs do get better with a little TLC....
I have been nursing SML in a similar fashion....Entry back in the lows to recoup.....
Waiting .....is not so bad..... from here and now at this SP looks a goer.....
Trojan agreed it’s a common problem .I was spoiled by cey which did go smoothly into production. I think Pur is only for the brave .
Of course you can fill your boots at these low prices and make a killing if they get their act together.
at a guess,its not the recovery rate or grade,thats not up to spec,theyre ok
its the ROM feed.
dont shoot the messenger.lol.
just looked
it no different from any other pre production comp,that in the ramp up,to full production.
6 months isnt long,i know some comps,have taken 2 years to get upto ffull production.
its a part of the cycle,thats a nightmare.
not just gold,but other metals/minerals aswell.
just google....life cycle of a mining comp....