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Sold half for 19p lifted 11.31am on way to Charing X.
Appears I did not post the buy 26/4/22 for 12.5p .
less then two months not bad .
This news Monday 6th June 2022
Director dealings: Nine Pure Gold board members buy shares.
Bought the 9th June slice back for 15.5p lifted 8.50am .
19 to 15.5 = 18.5% ..4 work days .
what do you reckon about this share mate, why is that going down? better to hold it or not?
Bought more today @ 8.5p .. Lifted 10 mins before London close .
Bought more today Friday 29th @ 8p .. Lifted 2mins before London close .
I've no idea where this is going but I can't resist dipping my toes at 6s :)
Well at the current rate of losing 0.5pence a day Bonkers,
you should be able to buy the whole company in 14 days !
That would learn em ;)
Bought more today Thursday 11th August @ 6.5p .. 16.67% spread showing above .
Everyone waiting for that single 50k seller lol
Who knows what happens next eh.
Showing a big drop today on ( D ) over 11% but only a 3.57% drop here on lse with the spread showing as 7.69%.
Google is with ( D )
The high since 11/8/22 was 7.85p on the 15/8/22.
Never would of thought it a couple of years ago it was 130p...
I was in in the 90's.... glad I decided to take a loss and move on....
Cheap now ..like a lot of other explorers ...miners...
Sliced last top up for 9p lifted 2.45pm on way back from New Beckenham .
Relief as three buys before this lifted today and very low on available funds .
Have been trying to slice some since 12/8/22 for 8.1p increased the limit to 9p on 12/9/22. TYJ .
In profit with the two July 22 buys as well now .
Looks like another AIM pick going bust .
Down 70% on this RNS to 2p.
Advise to sell before admin looks good advice from my experience .
Only positive for me is last trade was a slice .
Looks like only started buying them 26th April 2022.
On AIM, Pure Gold slumped 48% after it said financing woes will see it suspend operations and place its PureGold mine on care and maintenance immediately.
"This step follows an evaluation of several potential alternative scenarios and has become necessary because the mine has not yet achieved consistent positive site-level cash flow, notwithstanding recent reductions in operating costs and sequential quarter over quarter increases in production," it added.
Pure Gold said if it can not secure additional financing in the short term, it will be forced to default on its debt obligations.
Looking back to my first buy here .
And the post on this page 26/4/22.
Looking back on Barc now Paddington donot look like such a fans .
Or changed there minds on it .
They were big sportt fans I recall .
This post from 22/4/22 .
Having ended the experiment and my minor third involvement at 33p on March 28th, I can watch with equanimity as the company collapse continues. Ironically the original Board of Pure Gold Mining was stuffed with experienced management, which is just as well as latest CEO Troy Fierro withdraws after a few months, bringing Mark O'Dea to the hot seat. He is wise enough to be named temporary CEO and reflects that the COO Smith brought in from Coeur is not thought of adequate calibre. Maryse Belanger not mentioned at all, so assume her trouble shooting role at the mine now superseded by multiple roles elsewhere. She obviously was involved in the decision to cut the workforce by 20%, to switch the mill to “campaign” status** and several other cost cutting activities, which would improve the situation should sufficient time remain.
............................................................................................................................
Pure Gold Secures Financial Agreement With Sprott Resource Lending26 Apr '22
Bought today *12.5p* @ 10.15 am
Liked on Barcplus by Paddinton a big Sprott fan
Pure Gold Secures Financial Agreement With Sprott Resource Lending, Provides Mine Operations Update And Announces Management Change
RNS...Application for Initial Order for CCAA Protection.
Down 37% ( spread 50% ) 0.6p
Barcp .. acc deactivated since about last post .
Up to 1.4p on today's RNS .
Up 27% Spread 33%
Court Approval of Solicitation Process and Relief
With gold flying it's the juniors that go on to outperform on an extended bull run.
GCAT is a producer that's worth putting 10-20% of your gold exposure in . Fully funded with 100% owned mine, own rigs and processing, own lab for testing, etc.
£30m+ spent on mine, $13.5m non dilutive financing secured December.
Expansion of production under way.
Market cap £15m
0.8p to buy currently.
Broker target for year end 4.2p