Member Info for TrickyDicky2

Hawk-i

You're right but this is AIM and unless those in the room are aware this could be pushed through.

It's almost two hours now since the meeting started and no feedback from those in attendance. What have they done? Locked all PIs in attendance in a room and confiscate all mobile phones? Wouldn't put it past them.

TDT

MadMat

I doesn't matter the number of shares held its simply done on a show of hands.

TDT

They should have arrived at a decision long before now. The fact that nobody at the meeting has posted the result suggests to me that some considerable effort is being made to get the resolution carried on a show of hands in the room.

The plot thickens.

TDT

I hope you've all brought pitch forks just in case. Good luck and thanks for making the effort to get there.

TDT

The RNS doesn’t say C$0.15 so I guess that means it could be US$0.15. If it is then that’s 12p so maybe it will not deflate on the open after all.

Why can’t this company release news that’s clear and on time?

TDT

…. news today. Is there no end to this arze spraying mayhem? Back down it goes.

I wonder if they’ll remember to issue an RNS here.

TDT

VANCOUVER, British Columbia, May 24, 2022 (GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (TSX-V:PGM, LSE:PUR) (“PureGold” or the “Company”) is pleased to announce it will enter into securities for debt settlement agreements with certain service contractors of the Company (the “Creditors”) pursuant to which it will issue 20,922,914 units of the Company (the “Units”) at a price of $0.15 per Unit to the Creditors in order to settle outstanding debts totaling $3,138,437 (the “Debt”).

Each Unit is to be comprised of one common share of the Company (a “Common Share”) and one common share purchase warrant of the Company (a “Warrant”). Each Warrant will entitle the holder thereof to purchase, in accordance with the terms of the Warrant, one Common Share and will have an exercise price of $0.18 per Common Share for a term of six months. The settlement of the Debt in exchange for the issuance of the Units is subject to approval by the TSX Venture Exchange.

The Shares and Warrants may not be traded for a period of four months plus one day from the closing of the transaction described in this release. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States absent registration or an applicable exemption from the registration requirements of such Act.

Likewise specinvestor99

"I understand that prior purchasers who still hold RRR bought at significantly higher prices.........."

Nope, not one of those poor souls but I can guarantee that you will end up as one of those who thinks they've bought in at the bottom only to be diluted by further share issues then diluted again by the inevitable consolidation.

Look forward all you like. It's the past you need to learn from.

TDT

All the deleted trades add up to the 2.25m do they not? Looks like a bit of a nothing set of trades to me.

TDT

specinvestor99

"I understand that prior purchasers who still hold RRR bought at significantly higher prices.........."

Nope, not one of those poor souls but I can guarantee that you will end up as one of those who thinks they've bought in at the bottom only to be diluted by further share issues then diluted again by the inevitable consolidation.

TDT

specinvestor99

There has always been seemingly multiple reasons for investing in Red Rock and previously Regency Mine too. In fact multiple reasons and multiple projects over multiple years. Do you see a pattern forming here? When Bell is involved its same old same old.

If you have the time dig back into Red Rock's and Regency Mines past. There's been countless investors like you in the past highlighting a string of project set to make them money and its all ended the same way. Groundhog Day would be a more apt title for this share.

TDT

"He'll be in his late 80's or dead by the time all the money is paid out."

He's not the only one which is one of many reasons for voting no. Late 2030's is when the last payment is scheduled and that assumes the buyer will stump up. It's simply a feg awful deal and one which nobody in their right mind, no matter what the current geopolitical environment, can reasonably be expected to vote for.

TDT

Somebody dumped exactly 10m shares on Friday in three loads.

0.36p 2,234,311 Unknown* 0.35 0.40 8,044 O
0.3488p 4,000,000 Unknown* 0.35 0.40 13.95k O
0.3588p 3,765,689 Unknown* 0.35 0.40 13.51k O

I bet they felt an awful lot better after that clear out.

TDT

Hi Red

"The deal price and the distribution of those funds need to be in two different resolutions IMO, the long stop for the deal is 60 days from 6 May so he has time to come back with new resolutions."

Agreed. One payment of $105m to be distributed amongst shareholders and the company to be de-listed and confined to the AIM grave yard (if there's room).

TDT

sasa43

Never has a truer word been spoken (or in this instance written).

TDT

Hi BB2

I have my letter so I can go if I can find the time. The problem is going to be finding the time becuase apart from being busy at the moment its close to a 500 mile round trip for me and close to a 5 hour drive each way. Its a possibility but unlikely I'm afraid.

TDT

If you needed any more evidence of the Gerrymandering nature of this procedure then there it is.

What are they trying to achieve here? Guarantee a few more years of pay and pension contributions or are they trying to steer the whole thing to a favoured party or possibly both!

TDT

At least they remembered to include us and on time as well. Things are looking up.

TDT

I don’t see today’s RNS moving the share price much (let’s see if reverse psychology works),

TDT

Before they can do anything like that they'd need shareholder approval and that, given the current mood, is not going to happen. If they did try that sort of stunt I'd be the first in line with my sharpened pitch fork.

TDT

eryryss

Depends on who you hold your shares with. If its Interactive Investor than you can find a proxy voting form on their web site. If you hold thought somebody else then put the name up here, I'm sure somebody will be able to help.

TDT