Member Info for CHEATED

With so much blatant dishonesty in actual management how can we distinguish between downright lies and the truth?
Maybe some of us just like fairy stories. I still believe that the pouring of gold is a true proof of the strength of a gold mine. El DORADO deeply buried underground, does not put profits in our pockets and profit is the ultimate judge in the success of an investment. Compare labour costs between Africa and Canada. A large discrepancy exists here. PAF is still expanding.
Sorry to put a spanner in the works. The discussion is very interesting.

I hold 17,671 shares in PAF and the present dividend is £120.10.
Not bad for a 16p share. PUR in comparison is worthless.
PAF even beats POG.

Nice to see Frazer being kicked out. I was a shareholder in Sirius and we got no cash compensation for the the handing over of the mine, just a big hole in our pockets. I resented this badly but Anglo seems to be doing a fine job. Cannot wait until production starts though I think moves could also be made to introduce a large heat pump system into the area as we are so far underground. This is an opportunity to provide a cheap heating system at a reasonable cost in the area. I wonder if this has already been discussed. It is an interesting offshoot.

Spacehoppa,.
Shakespeare has you well described.
He says' METHINKS, HE TALKS TOO MUCH.'
Always be suspicious of glib talkers for they are often strangers to the truth.

Sorry, a couple of hundred thousand ounces

Do not waste your money here. The board is up to sly tricks that do not favour the investors.
I think the whole thing is a scam. If they cannot make a roaring profit out of what is' supposed 'to be a very rich mining area, there is something radically wrong. We should be producing a couple of thousand ounces by now.
Fairy tales.
Buyer beware.

We just like to shoot ourselves in the foot.
We have lost our backbone and are lead by weaklings with no vision.

I still think that as it stands with the rotten management and the lack of substantial gold production that this share is heading for 10p. Glad I got out in time. This area is not proving to be a 'gold 'mine. Over-plugged with scattered results show that it is only fit for prospectors with donkeys, shovels and pickaxes.
Big mining is just a waste of time here.

This is a total failure.

Obviously it is affected by the huge rise in BT today.

it is very much underpriced and could be the next to receive a hostile bid.

I was also invested in Great Bear Resources in the same area. I bought the shares at 19 dollars each . I had to make a hasty retreat without a loss because of the lack of willingness of the management to let the gold leave its safe position in the ground.
Hence the joke about sink holes to cover- up tax avoidance for billionaires.
The gold is a safe piggy bank under ground and must never see daylight.

Dartron, with a more capable management I would agree with you.

I would not think of reinvesting in here until they pour more than 100,000 ounces.

THey have yet to prove that they are a viable investment proposition.

I do wish them well.

A simple solution to the capital problem would be a RIGHTS ISSUE.

I am not charging for my advice.

Happy days investors

I enjoyed the day with AAL,BHP and GLEN.
This is a great game and sad to say but covid made me over £70,000.
it is nice to play with the market's money.
Good luck.

Dartron,
nice to see that you are following your own advice and braking early.
Enjoy your profits.
I braked too soon but it was solely a matter of choice.
it is very useful to have a reverse gear.

A very rude reply. I hope you lose more than I have lost on this share as a form of retaliation.

This is not a proper mining business until it pours 100,000 ounces of gold and does not deserve its present valuation.

For a historic area like this even a couple of hundred ounces should be small fry.

Put your thinking caps on before you throw your money away.

Fools rush in where heroes fear to tread.

This firm would make more money selling peanuts to the miners at the entrance to the mine.

It is a billionaire's tax loss.

Proper valuation of this share is 10p.

This is not the best gold share to buy as there are too many tricky dishonest deals conjured up by the management. There is no consideration given to shareholders and thousands of new shares can be issued without shareholders being able to buy in. This reduces the price and shareholders lose out. There are plenty of other fish in the sea to catch.

I have found in the past that Canadian miners are a very crooked bunch to work with.