Member Info for Winstonwolf

They said the 27th April would be the day they needed finance to stay afloat.

They're cutting it fine.

Crossing the i's and dotting the t's?

Technically the share price has broken out of the downward pattern we were in for the last couple of weeks. A recovery back to 25 would be seen as needed to confirm this as a "false breakdown" and from there it should recover. A gold rally will fuel this like rocket fuel.

https://www.tradingview.com/x/U2etM3kE/

Gold help us all.

I'd imagine when financing news is announced, the reaction in the share price will be extreme.

Currently the company is being priced like an explorer with a good prospect, not a junior miner.

We could see 40p very quickly and then depending on performance some type of modest recovery. If gold rallies this will only help.

Or they're (we're) screwed.

Man I'm glad I diversify my miners.

Fair enough.

Either way 30 days from the 28th March is the 27th April.

So unless they want to cut it real close, they will have a deal announced on Tuesday that they vigorously worked on over the Easter weekend.

I saw that post on the other discussion board. Not sure I trust that he spoke with the CFO.

There's no volume. When there's no volume, clearly no one knows which way this will go.

I'd suspect an announcement regarding finance to get this going like a rocket back up to 50p.

The silence is what's killing this share.

$87m*

$4.9B of gold indicated and inferred and the market cap is now $67m.

I agree. There is no bottom in the share price until finance is sorted.

Then the only thing that will save it will be a higher gold price and good gold recovery after that.

"Its like reading your horoscope on the way to hospital after being hit by a bus."

BAHAHAHAHA

The charts couldn't look worse.

The share price has broken down below the downward pointing wedge pattern and must reclaim the pattern for it to be a "false breakdown". This will likely only occur when the company announces financing has been secured.

Then the share price will be in the hands of the gold price and how well they can mine the ground.

https://www.tradingview.com/x/T2ZQhHjq/

The RSI is the most oversold it has been in the companies history and suggests a bounce is coming soon, however if financing is not forthcoming, this will keep tanking and the company will be bought for pennies.

This share price needs to recover and fast.

The bottom should be in.

https://www.tradingview.com/x/VsNV2vxf/

The major low of 25p from 2020 is acting as support and the share price is currently in a bullish downward pointing wedge.

However, if the share price breaks below 25p, that will be a really bad sign in which all bets are off as to whether this survives or not.

If the share price can remain above 25p and eventually breakout of the wedge, the share price and the company will recover.

However the new management have ALOT of work to do to help this happen and the gold price will have to rally somewhat.

I have just bought at this level...because why not. In for a pound in for a penny.

But I'd recommend you don't be the house on this.

Glad to have topped up here at 36.5.

This share has been disappointing, however with a rising gold price and the ramp up expected to perform better over the coming months, i'm optimistic Pure Gold will not disappoint going forward.

(Translated)
Continuing with the dialogue between the Government and the mining companies that operate in the south of Ayacucho, the Vice Minister of Mines, @JChavezCresta
, and representatives of the PCM held separate meetings with the companies Compañía Minera Ares (Grupo Hochschild Mining), Sami SAC and Apumayo SAC.
The meetings discussed the technical situation of the Pallancata and Inmaculada (Ares) operations; Breapampa (Sami SAC) and Apumayo. MINEM guaranteed mining licensees strict respect for the legal framework for mining operations and investments.
Government and company representatives agreed on the need to join forces to promote more sustainable mining, respectful of the environment and with greater social commitment.

This will rocket in the morning.

When fake breakdowns in share price occur, they are usually followed by a strong reversal. We may actually end up higher as a result of all this, as the uncertainty in the governments approach to Hochschild has now been exposed and it is clear they can't really stop this train.

Silver bull run will help.

The message is clear. Don't panic captain Mainwaring!

So in reality, she is powerless to close the mines without regulatory approval. Furthermore the share price has taken her words as gospel, therefore we are severly undervalued.

The share price will recover in the coming weeks as her bull**** is realised.

I just feel sorry for those that sold at 70-80.