Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I am keeping my powder dry to heavy defend MA50 at 152CAD (89p). There was 6M shorts opened below that level and these are now desperate to close at as little loss as possible. Delusional traders but hey ho, you win some, you loose some.
Crazy day yesterday, volume x3 on no news. Classic action for shorts desperate to close hence MMs code 1s (I need shares badly) followed by fishing trip to higher levels to get some. We might get more days like that, hope so! GLA.
BTC is the new gold...are you guys watching that crypto free fall?
Got a bet on BTCDOWN, will be more than happy to bring profits here! Huge profits that is lol.
Yep, shorted, some 10M in total on CAD and US exchanges. Last one to close is the sucker - that's the new game here lol
7.8% up. Shorts running?
Looks like 100 is an easy target here, too easy.
Yep, possible.
Funny my experience of late - placing actually made the SP of certain companies jump, rather than drop. Could happen here!
In the meantime - third day in a row we are paying full ask. Come on MMs, play the ball and raise the bid, this baby wants to go up.
New MD&A published. Link thanks to CEO.
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00023296
Couple of punch lines:
- operation (including exploration) fully funded till 31/03/2022
- near term Commercial Production
- overall sense of 'gold rush' to capitalize on the current PoG which could bring ultra high grade Zone 8 into play much faster than we think.
Looks like another busy year for PUR.
Canada is trying to squeeze the shorter. If they manage (and we are clearly helping here), we'll be at 120 in a flash. This could be fun to watch.
Agree, Bonker. This update is a massive derisk for shareholders. Yes, figures are still a bit shy of targets but sag trommel screen and sip tanks should take us right there. Not to mention Zone 8 and ultra high grades there.
As for today, we are roughly 15-20% below our targets but gold price is 50% above the target. Think what you want but this is already a successful operation IMO.
40k at this pace and grades but there is a lot they are planning to improve so we may actually end up right there with gold price way above what was planned.
Great update!
NT to buy for anything under 10k.
Everyone's talking about inflation today. Won't be long before gold price jumps to 2000$.
I think we are due for one more set of results followed by mineral resource update. The latter one is important as it will put us on the cheaper side of oz/sp valuation and II's should be swarming in to buy an undervalued gold miner. All action to be completed by end of Q2.
"@boombaby - interesting - wonder if that's in the 8 Zone where they've already had 446g/t(!!) over 4.3m :)..."
Red Lake area is littered with gold so such discovery could come from any place really.
Look at the short increase lol, what a blatant attempt to keep the SP suppressed. In a month or two someone comes up with a 'generous' t/o offer at 120p per share. Come on PUR, don't fall for this, give us good news and let's burn the fookers.
It's rumoured they discovered visible vein of gold.
Held well in Canada on a weak for junior mining day. Looks like it doesn't want to go lower. Good entry price, gold price primed for next leg up as well. Interesting times.
https://www.hertfordshiremercury.co.uk/news/hertfordshire-news/london-luton-airport-stansted-flights-5337366
30 countries to be given green light for travel on the 7th of May. And this is only the start.
Hi Tom
I don't think another set if drill results (unless highly spectacular) will have lasting effect on SP but first hint of better production grades will see a dramatic turn in SP.
Luck will be needed. I was hoping for a decent investor to take those new shares but it looks like it's yet another hedging fund. They invest but also hedge hence new considerable short position. Bottom drawer this one.