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I only see that this firm has never made a profit and that is disturbing. There is also the suspicion that this area of Canada is riding on past glories.
Lol, Trek. If he is a paid de-ramper, then that in itself is encouraging, although the outfit he works for cant be very serious about influencing the share price. I put him right on a few claims, but yeah his game is too poor to warrant a response now.
Slight glimmer of volume in Canada in to the close, so fingers crossed.
“I think I might bale out before it reaches 20p. ”
I mean seriously, when you look at the quality of posts here and how many of us posters understand the finances and you pipe up that you will bale before 20p when the SP is 50p? And many predicted a retrace which is now probably oversold!
So why don’t you just sell now at 50p? Why wait for 20p. I just don’t get that!!
I don’t understand that statement. Basically you have said 20p is coming, fine, but you are gonna hold and wait for 20p? What a twt!
Sorry I don’t normally use such language but I couldn’t find anything else appropriate in the OED!
Or have you just popped up now to deramp? Takeover perhaps?
No idea, but all I will say is this company is so easy to lambast and you are not doing very well!
Let us know if you need any help. Many here are punch drunk but can provide a better narrative!
I have sold down and am still out on a cash basis but have a feeling based on TA interpretation and recent news that a bounce is due!
And very soon....
Oh that’s why you are here!
Still a twt though!!
Lol!
Trek
Good luck with your investments
Trek
I think I might bale out before it reaches 20p.
This is a firm with the policy of racking up big losses for tax purposes.
What are people’s thoughts on takeover potential at this price? Surely potential interested parties catch wind of a low share price and see an opportunity?
Doubled up again today. The shares I bought today are very close to the price of the options that Darren and friends have (average price $0.85). Bought my average down to the current placing price. So now in the same boat as 20M other recent subscriptions. It wont stay at this level long, BOD and investors will want more options soon, and will want to see those warrants exercised at $1.36 / 18 months. They probably have something in their back pocket once the dust settles here.
Be interesting to see if the placing 'extra 15%' is taken up at 60p equivalent. I think it will be. The liquidity and volumes traded are so small here, that the price is not representative of buying a larger chunk. We will find out tomorrow.
Well I must be mad. After exiting I bought back some today and have set some orders around the 50p mark.
Rule one of investing trust the BoD. Rule 2 see rule 1!
This lot can’t be trusted. They have further diluted because they can’t manage costs and now that has added to the front end AISC misery!
So why buy?
Oversold on technicals. Due a bounce then I may slice some.
Could see an SGZ type recovery.
If this lot can’t do it at this mcap someone else likely will!
Their primary shareholders must resent seeing their names attached to PUR’s presentations now!
I think a hand will be forced. DL really should go. He’s not up to it imo!
Whilst the forrest fires are out there could yet be a spark here! Punt money only though!
Usual caveats
Trek
Dartron, there was not even an offer to current share holders just some big ol 20% discount to "special people" and then after they devalued the SP by 20% they bought some themselves (Yeah sure nothing to think about there!!!) PURE ramped up on its BE/profit margin which was at a significantly lower gold price than it is today, even in their latest presentation they herald more profitable workings (which yeah 1000tpd vs expected 800tpd.)
The problem is the BOD because no-one knows what they will do next, or maybe are already doing given that current 20% DUMP. Trust is not something you stamp on and then expect to spring back up. It also raises questions on everything else they have spouted because with such a seemingly positive position why did they REALLY need to discount by 20% out of sight of current shareholders.
That is a great video, which explains what happened up to April 2021. Note the video is dated May 2021. I have subscribed.
If what he says is correct, you can see the context of the recent placing. I have said before, that I think they went all in on getting that second ramp going (cost wise). I think we will see a dramatic turn around here in terms of company performance.
Also if the decline in the price of gold is now affecting sentiment, then actually credit to PUR for getting the placing done at a now significantly higher price than you or I can buy today. Lets see if the extra bit of placing is taken up in the next few days. I see positives either way on that.
I dont want to type too many positives, because I am still hoping to buy some more at this price.
Hopefully I’m not just moving the deck chairs on the titanic. This may give some depth to what’s been going on: https://youtu.be/XrWZl0u6fiI. Any other insights or opinions would be appreciated.
It's all transitory. ??
Thats the problem. Lack of recovery!!