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Pure Gold is a long term growth story. Reading the latest report, was just a progress report to a great future. Yes they had to process a lot of crap and knew this. This whole site we know contains some of The Worlds best gold. So digging our way into richer things has to be accepted. The price graph will hit the bottom soon. Then you will see a gradual climb like we saw from the 65p price last year. . A lovely upward direction past 178p this time. When we are hitting the good grades and 12/15 g per ton the sellers will be sorry. The cash will start to pour in, that is a guarantee. This is a bit like watching Mo Farrah having to do up his shoe lace after starting the marathon and betting against him! We know the gold is there. Disregard the initial crap and believe. Sprout is no mug.
With the price slipping away do 80/90 area soon. I have sold half of my holding and put it into Fidelity China Situations. This is a real climber. When the news breaks next month PUR will react in a big manner. I am going to try and judge the bottom. But I can see no reason to stick with this decline. I can see if the results are brilliant from production we will see massive rises in the price. But we are six weeks off and this share is drifting. So I will predict here now a bottom of 82 p. But an upside on a good set of figures of 140. But for now a drop of 20p. No point in topping up at the moment.
All depends on Q1 result of the first pour. Grams per ton, efficiency and how much they have accrued.. Great results would send the shares soaring. So it’s wait and see. Poor results, which I doubt would see a massive sell off. Bit disappointed to see another director selling
Many thanks good positive article
Anyone buying at these levels, 138p? Beginning to lose faith with the hung ho attitude of The Directors. This is an AIM company not a Blue Chip outfit. Director selling for whatever reason has spooked everyone. Appointing a Takeover Director at this stage is pure folly. PUR, should have just quietly waited and put in some great Q1 results. But uncertainty has rocked the boat. I can see a sell off on six months. So our vision of £2.50 will be well and truly gone.
The recent downward move is very scary. My opinion is that a sell off is imminent. All of us patient investors have had blind faith throughout. But I believe the major shareholders want a return now on their investment. I can see PUR going for £1.40 per share. No other reason can be logical. No tree shaking, serious selling here . I held £80k here now £5k.
I think until the gold figures coming out of the ore are available the price will be stable. The drilling results were fantastic, but it is ongoing production that will give a better prospect on what we are going to earn. I am not the best of investors for gold as I am impatient. I wish I could be on a desert island for six months then return to see £2.50 per share.
I use them as well. Brilliant broker, very cheap and efficient. PUR £3.99 a deal. Yes at the start, middle and end of the day glitches happen. But always comes right. I get quite excited some mornings my portfolio showing 10% rise. But they are better than Barclay.....totally useless
I always watch The Canadian market. . It closed at $2.80 last night. We opened at 150/155 this morning. I bought more at 1.54 assuming they would rise on parity which equates to 1.62. Four hours on they have just caught up. Are The Market Makers at a Christmas bash? The first pour is running close to the wire. Can’t wait to hear the first grams per ton. More importantly the plant is up to speed. Happy Christmas
Not sure what you meant here. This is an exciting company. Once the pour starts and gold production stats are published we will know more. The options are normal. Not fully valued. The expansion scope is there also. Why doom and gloom at this eleventh hour beggars belief. I predict 2.20 by May
A share price is driven by news, results and speculation. My question is, do you think that all the fantastic news is built into the great news emerging at the moment. If you could work out the PE ratio on future earnings etc on projected revenues where would it compare to other gold mines? A takeover is always on the cards. I hope not as I believe that we are sitting on a .........
Mmmm. A real gold mine. I have no proof at all but I can foresee £5 within a year. Perhaps wishful thinking.
See the closing sp in Toronto was 2.57. This equates to £1.50. .?
Based on what Kums? Don’t you think that the good news is now built in?
In my opinion the last sell by a director is not bad news or a sign of bad news. An announcement is imminent with regard to the first pour. It is strictly against the law to trade when you have information to the detriment of the share price. We all buy and sell and he is entitled to trade. I still believe that all of the research and knowledge that we have accrued is going to lead to a much higher price. Once the pour starts, financial predictions can be made and we can then all judge our investment. I was a buyer at 70p and still buying. The price of gold and expansion will then drive the share price.
See a 3 and a half million shares went through as a sale very late. Knocked the price back 8580. Hope that this is not Trump related, messing with The Chinese. Also China reckon they have a vaccine ready to go. This could knock our hopes, if they share it
New to this site. Since the lockdown I have been daytrading. Volatility is great for this. I deal with Invest Ii £3.99 per deal. Back in March I was £40k down. Now only 13k. Made mostly on BP, Astrazenaca, RDSB, Hikma and a few others. Ok some days only net £80, nothing or a few hundred on a good day. Never had to sell at a loss. But now I am looking at a few keepers. Games Workshop, Hikma, POL, but Pure Gold caught my eye. Researched and it looks too good to be true. Bought 10000 today. Already own Centamin and Anglo Asian. But is it me Pure Gold on all fronts looks exceptional on all predictions. I believe that Gold will increase in value in an uncertain world. I will not day trade this share, just add