Member Info for TrickyDicky2

"....drilling at the North Ruth target has not, to date, demonstrated significant mineralisation at depth."

No surprises there then.

TDT

Groan!!!!!

TDT

Teck relinquishing their holding is in many ways similar to Vale relinquishing their holding in Vermelho all these years ago. At the time that probably didn’t make much sense either until they acquired Falconbridge's Voisey's Bay.

TDT

It's half term.

TDT

£105.078 for the privilege.

TDT

......brakes come off at last?

TDT

“Nickel Price is high, Russia produces 7 to 17% Nickel as different figures are in the market.”

I think that’s 7% of the total nickel market but 17% of the class 1 nickel market and it’s probably based on 2020 figures.

TDT

Tell us Helpful just how far has Bell got his arm up your arze because with every post you come across more and more like Bell's glove puppet.

TDT

roger65

When you're dead, you don't know you're dead. The pain of your death is felt by others. It's the same sort of thing when you're stupid.

TDT

Hi gwm121

Kitco is 48 hours behind the curve. In 8 days nickel stocks went up by 1,800 tonnes. Since then they’ve fallen back by 498 tonnes on Friday and 240 tonne today. It’s a very turbulent market at the moment so these sorts of movements are to be expected. Making sense of it all in the long run is the hard part but there’s no getting away from the fact that demand will outstrip supply and that’s irrespective of what happens in the EV space with batteries.

The main market for nickel is still stainless steel. The compound annual growth rate for this sector is expected to be between 4% and 6% per year. In a market where demand for that sector alone is currently in the region of 2.5m tonnes even a modest 4% compound annual growth rate would require an additional 1.2m tonnes of nickel by 2032.

On the issue of mothballed mines I’m not sure there are many mothballed nickel sulphide mines out there waiting to be brought back into production. If there are then they’re being brought back into production on the QT because I’m not seeing or reading anything that says otherwise. If anybody else knows of ones that are being fired up please say.

As for batteries there was always the danger that should the price of nickel do a cobalt then the same fate would await. That’s what we have seen with LFP and what we will see with sodium ion batteries. Does that spell the death of nickel’s involvement in the EV space? I don’t think it does. The energy transition requires nickel in an awful lot more things than just batteries. A lot of the uses are in alloys where nickel from ferro nickel to NPI is simply not suitable. Class 1 nickel will still be in demand no matter what happens in the EV battery space and the cheapest and most ESG compliant way to produce that will still be from nickel sulphide sources.

Our problem is not what’s happening in the nickel space but what’s happening in Ukraine. That’s stating the blindingly obvious but everything else is secondary by a long country mile to that unfolding tragedy.

A 12p average! Ouch :-(

TDT

“Obviously the delay in dropping the RNS over here just adds to the stench but that's on the money guys, not necessarily the company itself.“

Really. I would have put that feck up on whoever it is that’s responsible for advising the company of its legal obligations. This is not the first time this has happened but it is the first time where there’s been financial repercussions.

TDT

The after thought RNS. Announce it across in Canada first, let them bail out before the share price drops even further before releasing the news here. This is a degree of crass incompetence that simply beggars belief. They can't even release bad news to all of their share holders at the same time. Makes you wonder if the BOD even know they are dual listed.

TDT

Hi CBS

I’m not sure there are many mothballed nickel sulphide mines out there to be brought back into production. If there is they don’t seem to be making any headlines.

TDT

Don't you think that at $34,000/tonne we're already there? Apart from a brief 6 month period back in 2007 nickel has never traded so high.

TDT

And again.

6.905p - 400,000 shares. Sell - £27,620

TDT

"......it will mean another massive increase in Nickle prices."

I hope not. The cure for high prices is high prices. Nickel could easily go the same way as cobalt. We already have LFP batteries taking a significant proportion of the EV market. Various other battery types of battery such as sodium ion don't use nickel either. If the market for nickel goes serious out of balance a way to dispense with it will be found.

Be careful what you wish for.

TDT

Just when it looks like the share price is finally picking up a bit of upward momentum this sort of thing happens:-

6.98p - 450,000 shares - Sell - £31,410

to knock it back down again and it's happening with monotonous regularity.

I used to think the Horizonte share price would experience a slow gradual climb once funding had been tied down. That hasn't been the case, far from it. I'm now wondering if there isn't a trigger of sorts that once pulled will see the share price rocket. Or is that just wishful thinking?

TDT

Probably about 5.5p since that was the weighted average exercise price of the 125,350,000 options outstanding at the end of 2020.

I guess that puts into some sort of perspective just how many RNSs of a similar vein are going to be hitting the news wire in the near term.

TDT

PS Just in case anybody is wondering 85,000,000 of those 125m options have been awarded to the BOD as an incentive. It seems a six figure salary is not incentive enough.

"......and the increasingly rapid move to electrification......"

For those interested at the end of February the numbers of EVs bought world wide was 93.19% higher than this time last year. Almost as many EVs have been bought in the first two months of 2022 (1,144,787) as were bought in the whole of 2017 (1,227,117).

On current trends we are likely to see somewhere in the region of 11m to 12m EVs sold world wide this year.

TDT

PureGold Learns of Notice of Civil Claim and Denies Allegations

VANCOUVER, British Columbia, April 07, 2022 (GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (TSX-V:PGM, LSE:PUR) (“PureGold” or the “Company”) today announces that the Company has learned of notice of civil claim naming PureGold and certain other parties as defendants in the British Columbia Supreme Court alleging failures to disclose certain information relating to its operations at its mine in Red Lake, Ontario under Canadian securities laws (the “Action”). In the Action, the plaintiff seeks certification as a class proceeding and with any other class members claims unspecied damages for losses incurred in their investments in the Company. Although no assurance can be given with respect to the ultimate outcome of the Action, the Company believes that the complaint against it is unfounded and without merit, and it intends to vigourously defend the proceeding.

About Pure Gold Mining Inc.
PureGold is a Canadian gold mining company, located in the very heart of Red Lake, Ontario, Canada. Our vision is pure and simple. To build a highly profitable, multi-generational growth company in the world-class gold mining district of Red Lake. With our 100%-owned, fully constructed operating PureGold Mine, a multi-million-ounce gold endowment, and significant exploration upside, our value-maximizing strategy is to pursue operational excellence today, while investing in systematic exploration and phased expansions to fuel discovery and growth for the future.

Additional information about the Company and its activities may be found on the Company’s website at www.puregoldmining.ca and under the Company’s profile at www.sedar.com.

ON BEHALF OF THE BOARD
"Troy Fierro"
Troy Fierro, President & CEO

Investor inquiries:
Adrian O’Brien, Director, Marketing and Communications
Tel: 604-809-6890
aobrien@puregoldmining.ca