PURE.L Share Price (PURE)

Once you ignore the Tonnage/Grade shortfalls and focus on what is and what will be (once they do hit their own marks 100K Ounces/year) then things don't look at all bad. Gold extraction even now, based on current prices, is close to £70M/year & for a company valued at less than £300Mil quite a good starting point. Newmont produced in 2020 5,824,000 Ounces & have a market cap of $48.54Billion. Basically they hit the mark and it should, with a like for like, value them over £600Mil on market cap (ignoring Pure Golds lower costs.) Correct me if I'm wrong, I do underestimate a bit.

£1 takeover gets one day closer might be the reason but how many days away that is I don't know.

What is the reason of the rise in the last days?

Have taken a small punt here. Can see this going through and with 25% to be made without having to wait too long. I think it is worth the gamble. Only invest in what wont hurt you if you lose it all. GLH.

Watch https://www.youtube.com/watch?v=-DT7bX-B1Mg

unfortunately. I remember when this was 700p and I thought it might be a reasonable investment. Luckily I didn't even buy a spoonful of these or I would have been well under water. Fairly brave of any investors to buy into the drop but if it stabilises at 88p it might be a good investment. Not everyone's cup of tea though!