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Pure Gold Mining Inc. (LRTNF)

Other OTC - Other OTC Delayed Price. Currency in USD
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0.7422-0.0052 (-0.70%)
At close: 3:59PM EDT
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  • D
    Dave
    Early august prospective was publishing that phase 1 was fully funded. A month later pgm is issuing 20 million in shares, plus warrants. I feel mislead. Clearly pgm wasnt fully funded. Seems managment can sat what ever they want.
  • B
    Bluto
    PGM Value for shareholders
    462,528,277 shares fully diluted
    Add todays announcement + 19,048,000 shares
    Warrants 9,524,000
    The Company has also granted to the Underwriters an over-allotment option to purchase an additional 15% of the base Offering..

    A tidy ~HALF A BILLION shares requires a METRIC SHEET TONE of gold profit (not just reserves) to provide shareholders with any value for their shares. My opinion, with the dilution & their operation costs the 8 zone is the holy grail to saving this mine. This management team spends money they don't have as fast as Justin Trudeau!

    Compare shares / market cap / Value for Investors
    Barrick (near 52 week low) - 1,780,000,000 shares and trades today at $25.13 CAN
    PGM - 500,000,000 shares and trades at $1.01 CAN

    Based on shares outstanding, PGM would have to trade over $7.00 to be the equivalent current value.

    "IF" they need to raise money again in the next couple quarters or before some very positive drilling results, it will be at a deep discount as big money will want to de-risk to play and that will not bode well for us!

    Please tell me I'm wrong.
  • C
    Chuckie
    Why is it I feel this Company will go under and then restructure ?
  • B
    Bob
    All about grades, drill results and gold price now.
  • B
    Bryant
    Great opportunity to buy,..this price will be in history next few quarters.
    Bullish
  • R
    Ronald
    just when I thought the share price was in a recovery the team Pure Gold dilutes the stock and sells warrants on top of it. Might want to use the AU PROFIT and self- finance. I see my profit and value slipping away. when something is rare it has value but LRTNF Shares don't appear to be that rare anymore. please tighten the the Share structure!
  • J
    John
    not selling. let's do this.
    Neutral
  • A
    Anonymous
    Everything is doom and gloom. Yes, the investor confidence is low but this is a mine that’s just starting up and producing gold. By next quarter the AISC will go down and the company will become cash flow positive.
    Bullish
  • p
    porc
    Huge increase in short interest (+3.6 million shares). Shorts are betting on bankruptcy. Why? Because grades will stay way below what was projected by FS and costs will be above income from sales of gold. Last one out turns off the lights please.
  • W
    Watcher
    Where is Eric Sprott? His actions will determine the future of this company..he stays that is good…he sells then tax losses for everyone.
    Neutral
  • B
    Bob
    Update on production it is, mineral resource by the end of the year. Should easily beat 27k to 32k oz for H2, especially if grades improve and 1000tpd is approved.
  • R
    R
    well management has obliterated investor confidence. this is probably heading to 0.60 CAD in the next few months. cut losses and don't look back.
  • J
    Jan
    I've supported management but feel mislead. After commercial production the company should be able to stand on its own. Or at least borrow and pay back with earnings. We have had 3 dilutions in 18 months at lower and lower prices. Shares will soon approach 1/2 billion. Grades still need to improve and also are way above estimates. Zone 8 is unknown but are only shot at redemption. It went from an investment to a #$%$ shoot.
    Neutral
  • W
    Watcher
    Called it months ago…0.80 USD…I was laughed at…here we are 0.80 USD..
    Good news is I think this is the bottom…really
    Bullish
  • B
    Bryant
    Next phase on ramp up on PGM on precious metal summit.

    https://youtu.be/mM16C70flMs
  • S
    STEPHEN
    i did a portfolio analysis by rick rule from sprott. after they gave me a pro-tip to try to attract my business and this was the stock they told me to look into. that was at 1.20.
  • L
    Landon
    Rough math based on a 5-day workweek, they're bringing in $400k/day or a little over 8.25mil per month before the $900/ounce production cost which is roughly 50%?
  • p
    pete
    You guys should sell and buy Uranium. Boss, Nexgen, Fission, Dennison. Uranium only in the second inning. Sprott Uranium Trust buying uranium on the spot market every day as of last week. Easy double imo in the next few months.
  • B
    Bob
    Gold dragging this back up again.
  • O
    OldE5
    Everyone, something happened in China this weekend. I suspect that ultimately it will be gold, but not anytime soon. In a nutshell, one of their largest investment companies are way overleveraged and now can't use their bonds as collateral on the world market. The last time something like this happened was Leiman Brothers. Then people started looking into other institutions and Bear Sterns fell. Then a cascade of other investment companies which started the mortgage crisis. Here is a link to someone who can explain it better than me:
    https://www.youtube.com/watch?v=VNI9MD9t8fE
    Lehman-Like Debt Default Crisis Threatens Global Markets
    www.youtube.com