Member Info for Dartron

I have a terrible average here, in hindsight due to ignorance on my part, and consequent lack of correct (if any) valuation of a company such as PUR. I recently read an article on Seeking Alpha, which first alerted me to troubles here. The article (Written by a Canadian) basically said that at around £1.20 PUR was still over priced, comparatively to other gold mining projects the author was aware of. This made me realise that at prices north of £1.70 the directors would be crazy not to sell stocks which were almost 100% over valued. More fool us for paying over the odds for shares of a company not producing anything. Article was written around December, so didn't account for the recent issues.

There there is the Canadian exchange, these guys are on called the Venture exchange, the least regulated, smallest exchange. Doesnt necessarily mean trouble, but from my understanding it sounds like a pub league if aim is the fourth division. From my recent research, for example I3E and TXP are on the main TSE exchange although still AIM companies over here. That would have / should have also reduced the valuation on the SP here before investing. However I dont recall ever reading a single post on here about any of this stuff, just a fully funded about to produce gold mine...

Then there is also an issue with how illiquid this stock is. I tried throughout the day recently to sell this stock, but was unable to. I expect the market maker had too much already and just wouldn't buy it. I tried a dummy buy and that was possible.
This may be unique to my platform, but I doubt it.

Yesterday (after our close) on the Canadian exchange was a car crash, the SP dropped 13.5%. I have now found BB's and charts to keep an eye on the sentiment over there, which I think is essential for a share like this. The SP in Canada is now $1.41 which converts to 81p. I would therefore expect more drops before this goes up.

I am considering buying some more to get my average down, but cant see a reason for a major bounce here, where as I do have other shares which I am far more confident of. I doubt that PI's will get the full rewards here, with so much private ownership, as soon as the risk is gone, I bet it gets taken private. Could be taken private for less than £1.50. Who knows, if there is more dilution, unforeseen problems, further investment, Sprott will keep accumulating and the SP will struggle to gain. God knows how much the directors are paying themselves, but its in Sprotts interest for these guys to burn through the money.

If I had an average of £1.00 at money I was comfortable to forget about, I would keep going, but that is not the case for me. The amount invested isnt huge for me, but the loss is near 50%. As you may know Trek, had a terrible week over at TXP. Between these 2 stocks, a lot of damage done. But, lessons learnt. Not whinging, just sharing the other side of the storey that isn't really discussed on these boards.

It is looking good I would say

01-Apr-21 17:58:19 41.00 306,290 Buy* 40.50 41.00 125.58k O
01-Apr-21 09:14:36 41.375 288,100 Buy* 40.50 41.00 119.20k O

I would say there must have been a large seller over the last couple of weeks. Trouble is, with the volume so low here, it is taken ages to clear them out. I did notice a large buy for 45k yesterday (100% buy at 41.5p) and another large purchase around the 15k mark. Hopefully we may be getting to the end of the seller. I think it has nothing to do with progress on the mine, or Mexico, or Lithium. Its a seller, trading stocks, taking profits (or losses). The 200 day MA is at around 37p, so plenty of scope for a seller to be taking profit from last year. My guess again is that we will be 45p+ soon in to the new ISA year, as this is an attractive investment and that could finish the seller off. If it is just one seller, then once he is finished then this could go above 45p as the free float dries up a bit.

I wouldn't expect any further re-rate until some significant news, which isn't going to be next quarter.

I think from a progress point of view it is disappointing, but not terrible. It did sound like they were a little inexperienced, with reference to pumps being too small, and power not being sufficient. I am amazed they added so much trivial detail, but I guess there wasnt much else to say. In the mean time, slightly more dilution with Sprott getting another 4%.
Still no Q4 / end of year accounts, but matters less if Sprott is chucking in more money.
At least they have been recovering gold (4000 Oz), which I think the AISC was supposed to be around $800 so thats 7 million for the pot.

They would have been better to announce this luke warm RNS a few weeks ago, before it was overdue so to speak.
I will keep holding, I doubt Sprott and Anglo will let this fail. I still think it will get bought out before it comes good.
Hopefully I might be in profit by then.

'Disappointing but low risk'

I had a small position in I3E (as TXP was first my oil & gas small cap from 24p), seems they are offering 6% dividend which is not bad plus growth. I know these company's all have their history, but look at today.- It can go wrong anywhere (TXP or PUR). As it happens, I sold I3E to buy the dip in here. Was not able to sell PUR throughout the day, made me nervous.

Thankyou both, just interested in the different exchanges, and will do some more reading. worth understanding the differences between them, not at the point of trading over there. Was more trying to understand the hierarchy and rules on each. Having a bit of a nightmare with PUR, which of coarse was the last thing I needed today being 50% TXP. I think I have answered my question that the results for I3E and TXP had top be published by 31st March but for PUR it is April 30th. Im sure it will all come good... it better ;)

Yeah it stayed pretty flat all day there. Are you still here Tonnacombe? wanted to ask a question about Canadian exchanges.
Can you give an overview of what is over there, I gather we have TSE and CVE? Venture. I3E and TXP are on TSE, I have PUR on CVE, which doesn't have the requirements for results by 31st march. Trying to understand it....

I think these guys are on the Venture exchange, meaning they have until April 30th.
Still think it is ****ty that there is no update.

Not happy, if it wasn't for Anglo Ashanti and sprott, I would sell out.
Maybe a buy out coming? Usually get treated badly before a buy out.

Come on posters, bang the drum a bit....

https://www.youtube.com/watch?v=ZDdtZqhnlr4&ab_channel=CoreFinance

Average around £10, but its more complicated than that. At that average my account was in a good profit. I bought and sold NCYT all the way up. Currently account break even., though NCYT at a loss. I have worked very hard over the last 10 weeks making up the deficit on other stocks and trades.

This is like watching paint dry. I know it will come good, but I don't even bother checking this much now, soooo boring.
Most shares I follow the price all day, not this one.

On that note, though I think this is the base of a large saucer, on the chart. one reason why cup and saucer patterns cause a huge rise, is due to the long flat bit we are in now, most people get bored to death and leave (or die). When news pops, the only people left are stubborn f'kers like us, so the price will have to seriously increase to prise shares away from us. Guess that will be when the news drops. Ill start selling north of £10, I think this will jump around a lot, Im up for trying to catch a few breaks, my revolver has run out of bullets. Wife cant strap to her revolving knife board due to an injury....

Just read a thread on I3E about this. Seems tomorrow is the day that the results HAVE to be published
note, CADTSX VENTURE EXCHANGE. 31st March deadline.

https://www.osc.ca/en/industry/companies/reporting-issuer-and-issuer-forms/filing-due-dates-calendar-annual-and-interim-filings-reporting-issuers

So Mr BingoBongo, I can say with certainty that "Results tomorrow.." (or we are all in big trouble!)

Dont know if this link will publish, but found a BB for the Canadian investors here:
https://stockhouse.com/companies/bullboard/v.pgm/pure-gold-mining-inc

I also think most of those trades were buys today, and it was just final scare tactics before we start to rise.

Id like to buy more here, but need to see some results / update first.

@Ade123, The buys and sells on here are not the full picture. For various reasons - Large trades are reported delayed, plus majority of action happens after hours, then you have transactions off the exchange, transactions between 2 parties, not part of the price action. The list goes on... Best thing is to use the buys and sells and on here as indicative.

With POLY my general approach is to have live spot gold and spot silver up on the screen, I make my decisions to buy and sell POLY on their movement. Gold was down this morning, I woke up late at 8.10. Came on here, could barley see, but POLY was at 1426, I new it was a brief spike, so I hastily logged in and sold out. I will buy back tomorrow or when they stop falling, been gaining shares like this for a while now. Sometimes it works, sometimes it doesn't. The judgment to know when can only come from experience. It also helps to have a few other options in mind, if POLY had taken off without me, I would not have chased it. I see no reason why market conditions for gold, silver of POLY will improve in the next week or so.

The CAML results are out today, well worth a look. I used to have 50% of my pension in POLY. I finally sold out of POLY at 14.95 and bought CAML at £2.55. Bear in mind I had been in POLY up to £19.00, selling was at a loss. That was about 5 weeks ago, I had hoped CAML might have increased in price, it has been £2.60 peak. But at least I have not lost another 100 points here (its still around £2.50 at time of writing, with declared dividend + forecast etc). Dividend is about the same, perhaps a tiny bit lower at CAML, but the demand for copper (+ lead and zinc) seems to be far stronger than gold. I dont chase dividends anyway. I prefer price differentials between stocks.

I think the sector will re-rate, but its not looking like it will happen soon. Some people are talking about Gold going to the 1500's. You just don't have that trouble with Copper...!

Id be amazed if they take your questions about the things they don't want to talk about.

Any one else concerned that we have had no results since November reporting to end of September?

CAMLS classic wedge formation. Took my mind of the share price for a minute there Lol.

The 270 was manipulation to make this drop all the more worse. It was an uncrossing trade for a very small number of shares, may have been just 1 share I cant remember, but its a trick that can be used to alter a close or an open. This then gives a huge red candle on the daily chart, to make things look really bad.
Copper seems to be selling off , as is everything. I am a little surprised to see the drop so severe, I though the 240's were history. Very difficult situation, less than a week to hold for results, but markets also seem to be falling. I dont have any spare cash at present, but if I did, I would be a buyer here today, I bet the return on the next dividend is over 5% today.
I think the volume is low today, I dont think any smart money would be selling.

The big clue was when they restructured the fund that all private owners used. ill dig out my post because it had % in it.

2nd March

It did strike me that the best way TSG could capitalise on bad news was to buy back shares. And the bad news just keeps on coming. I also am a little uncomfortable with the amount of 'private' ownership here. Memories of HGM still recent.
Once they have the million or so shares, then it wouldn't take much to take the company back private. You could look at this 'phase' of the buy back as dirt cheap. The RNS about the fund restructuring has a group of them at 55%, with 22% in the treasury... I'm sure the accident was exactly that, but they are definitely up to something now.

I said a few weeks back this would happen. They got it cheap, down to the accident and accidental book keeping mistake.

Managed to double my holding today at 43.8p. Nice. Looks like I timed that well. Could of had slightly cheaper in the morning, but I wanted to see which way it was going first.

As a contractor, it could just be as simple as that was the manager above's preference. Or it might be temp to perm once the person has proved themselves.
I wouldn't read much in to the split of contract/temp/perm. Could even be the agency that is advertising it.