Member Info for TrickyDicky2

The Company has agreed to pay a cash finder’s fee of 6% of the aggregate proceeds raised from subscriptions arranged by certain finders.

The Company’s largest shareholder, AngloGold Ashanti Limited (“AngloGold Ashanti”) has the right to maintain its pro rata ownership interest in the Company of up to 19.9% on a partially diluted basis (see press release dated January 27, 2022). The Company expects that AngloGold Ashanti will exercise its right in full, but there is no certainty of this outcome.

Certain directors, officers, and insiders of the Company (collectively, the “Interested Persons”) are expected to purchase or acquire direction and control over an aggregate of between 10,000,000 and 13,333,333 Units under the Offering. The Interested Persons are each considered a “related party” of PureGold and the sale of the Units under the Offering to the Interested Persons constitutes a “related party transaction” within the meaning of MI 61-101– Protection of Minority Security Holders in Special Transactions .

The Offering is expected to close on or about May 13, 2022 and is subject to certain conditions including receipt of all applicable regulatory approvals including the approval of the TSX Venture Exchange. There is no certainty that the Offering will close. The securities to be issued under the Offering will be issued on a private placement basis and will have a hold period of four months and one day from the applicable closing date in accordance with applicable securities laws. The Offering will be conducted pursuant to available prospectus exemptions, including the accredited investor exemption and the close friends and family exemption.“

It looks like they’ve forgotten us again the useless bunts.

TDT

“VANCOUVER, British Columbia, May 06, 2022 (GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (TSX-V:PGM, LSE:PUR) (“PureGold” or the “Company”) is pleased to announce a non-brokered private placement of 200,000,000 units of the Company (the “Units”) at a price of C$0.15 per Unit (the “Offering”) for aggregate gross proceeds of C$30 million. The Company may elect to upsize the Offering to up to a maximum of 266,666,666 Units for aggregate gross proceeds of up to C$40 million based on demand. Each Unit will consist of one common share and one common share purchase warrant (a “Warrant”). Each Warrant will be transferrable and entitle the holder to acquire one common share of PureGold for six months from the closing date of the Offering at a price of C$0.18, subject to certain adjustments.”

Same old, same old except it's no longer jam tomorrow but jam a fortnight next leap year.

TDT

Astar

If all nominee accounts are going down bar one then it implies that somebody or bodies within that nominee account is/are consistently buying. If you have some other explanation I'd be keen to hear it because I can't think of any other explanation.

Of course just because there isn't another obvious explanation doesn't mean to say I'm right. It could just as easily be that I'm not smart enough to figure out what it might be.

TDT

Stu_1978

I think the accumulation has been going on for several months. All the nominee accounts on your spread sheet, with the exception of Hargreaves Lansdowne, have dropped in percentage terms since the start of the year with only one increasing significantly and that's JIM Nominees. Go back 12 months and even Hargreaves Lansdowne hold less now than they did May 2021. There can only be one logical explanation for that. Unless anybody has another plausible explanation?

TDT

The only thing worthy of note this month is the new JIM Nominee account increasing by almost 6m shares. That's by far the biggest increase of all the nominee accounts both in terms of numbers of share and monthly percentage increase (close to a 10% increase on last months JIM Nominees total).

No other nominee account is showing anywhere near the same level of accumulation.

TDT

This topic was discussed a few days ago. Interesting to get a different view.

https://www.transportenvironment.org/wp-content/uploads/2022/05/Battery-supply-briefing-2.pdf

An EV battery nickel shortage/squeeze it much further down the line than most think which is good news for Vermelho.

TDT

+1,224 tonnes in. That's the largest daily increase for several months. The nickel price seems to be heading back down towards a more sensible and sustainable level as well. What we need to see more than anything else is an end to hostilities in Ukraine. We might have a long wait for that.

TDT

According to @stevelevine

"World nickel and lithium production will be enough for 3.8 million EVs this year."

Really! 1st.Q 2022 has seen almost 2.1m EVs sold worldwide. By the end of the 1st.H 2022 I'm expecting that figure to be in the region of 4.6m given pervious year's performance. A lot of these EVs will be LFP but they will still include lithium which this character is saying will limit EV production to 3.8m this year.

I'm not sure he is worth following but we shall see soon enough.

TDT

A future raise, if any, is more than likely going to be debt rather than equity. Once A1 goes into production it produces an income stream. An income stream allows you to service debt. At the moment HZM produces nothing hence the recent 70/30 equity to debt fund raise.

None of the negatives posted here on the proposed share consolidation make much sense IMO.

TDT

Slurms

The current spot price is $33k so possibly since that comes out to $41.25k on 25% but if that is what they mean then the way it has been written is not particularly clear.

TDT

January2

That's what it is every year with the occasional fund raise thrown in from time to time to mix things up a little.

TDT

".....upgrade our 12m price forecast to $42,000 a ton (vs. $24,000 a ton previously) implying 25% upside," he said."

Shouldn't that be a "75% upside"? 75% of $24k is $18k. $24k + $18k = $42k or am I missing something here?

TDT

He has transformed the company into a black hole for investor's money. It goes in never to be seen again.

TDT

A consolidation points to a main market listing. A main market listing points to increased odds, IMO, that the intention here is to go all the way into production as an independent and beyond. That's where true value will be realised.

TDT

20:1 consolidation first before the next move which, IMO, will be a listing on the main market.

TDT

A low P/E ratio means a stock is valued as an attractive buy, in other words it's undervalued. A high P/E implies the stock has significant potential upside. I guess low or high depends on whether you think Horizonte's future is bright or very bright.

TDT

"Is p/e 10x too optimistic ....."

IMHO it's far too pessimistic.

TDT

k22009

Perhaps, but they didn't and if they had then any good news from a 4th.Q 2021 or 1st.Q 2022 would have been overwhelmed and sunk by Russia's subsequent invasion of Ukraine. The fact that they didn't publish the TEO prior to the war starting is likely to turn out to be positive in the long run.

We are where we are. There's no junior explorer on AIM that does what they say they are going to do when they say they are going to do it. That's the nature of the beast.

TDT

No impact from sanctions and deciding that this is not the best time to release the TEO, if that in fact is what they've decided, are not the same thing. Any positive news in the pipeline, if there is any, is best kept under wraps until the situation in Ukraine improves, or do you think it makes sense to release it now?

TDT