Pure Gold Mining - share monitoring

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HOLD / BUY / SELL Pure Gold Mining

Hold
8
67%
Buy
0
No votes
Sell
4
33%
 
Total votes: 12

parchedpeas
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Re: Pure Gold Mining - share monitoring

Post by parchedpeas » Thu Apr 01 2021 1:18pm

We're still able to take a profit here, but the news is not great on this one.

This is worth opening discussions again: is it still the best thing to be knee deep in, or should we reduce our share to take some of the gains?

How long do we want to be in this?
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Re: Pure Gold Mining - share monitoring

Post by garindan » Thu Apr 01 2021 2:02pm

parchedpeas wrote:
Thu Apr 01 2021 1:18pm
We're still able to take a profit here, but the news is not great on this one.

This is worth opening discussions again: is it still the best thing to be knee deep in, or should we reduce our share to take some of the gains?

How long do we want to be in this?
I think you might be right. It is very disappointing to read the posts on ADVFN about this. We might be best cashing in our first purchase now.

I've started a poll because timing is of the essence here.... click here.
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Re: Pure Gold Mining - share monitoring

Post by parchedpeas » Fri Jul 09 2021 1:07pm

What's the opposite of "to the moon"?

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Re: Pure Gold Mining - share monitoring

Post by garindan » Fri Jul 09 2021 4:49pm

It's very cloak and dagger. Some good soundbites come out and then silence. I really do not know what to expect.
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Re: Pure Gold Mining - share monitoring

Post by parchedpeas » Mon Jul 19 2021 11:49am

Down to 69p this morning.

People may - or may not - want to revisit how they view this share.

I've been on sell for a while now. I held Carillion until the end, so I have baggage on being burned. I appreciate I may be missing something that others know about, but it would be nice to see where the confidence in this is coming from.
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garindan
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Re: Pure Gold Mining - share monitoring

Post by garindan » Mon Jul 19 2021 12:47pm

parchedpeas wrote:
Mon Jul 19 2021 11:49am
Down to 69p this morning.

People may - or may not - want to revisit how they view this share.

I've been on sell for a while now. I held Carillion until the end, so I have baggage on being burned. I appreciate I may be missing something that others know about, but it would be nice to see where the confidence in this is coming from.
There are a few bits of information I have picked up, as follows:

- last time the share price dropped signficantly the directors had taken a load of options and then sold a fair bit of them at the higher price, just before the price dropped. This current price dip they didn't do the same - they had taken their options and held previous to it occurring.

- big investor Sprott has not sold his holding and the last news I read from his website was positive

- drilling results have been positive again, and they are progressing more quickly with the second ramp development to access higher grade earlier. This might well be because the stuff they have been processing has been lower grade material to ensure the machinery works before using better material. Therefore current output might look a bit poor against the headline grades from the drilling. It might well have been a ploy by the directors to make quick money on their share options through timing result publications....

- the biggest thing for me is they have not declared full commercial production yet and not published new investor guidance. When they do both of these it should have a significant turn one way or the other. If it was in the wrong direction I can't imagine Sprott would be in still, as he is in for a fair amount of money here.

The joys of investing!
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Re: Pure Gold Mining - share monitoring

Post by garindan » Tue Aug 03 2021 11:39am

At last - PGM hs just declared Commercial Production at Red Lake mine. This has resulted in 8% rise on UK stock this AM, after another similar rise earlier. It should also see a potentially larger rise later in the day or tomorrow AM once Canada markets open, if the view there is stronger.

Hopefully this will now start to get interesting again :thumbup:
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Re: Pure Gold Mining - share monitoring

Post by parchedpeas » Mon Sep 06 2021 10:57am

Heads up on this one again = looks like a considerable lift this morning, pending some good news.

Always a good chance to review your position in the above poll.
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Re: Pure Gold Mining - share monitoring

Post by parchedpeas » Wed Sep 08 2021 7:45pm

A nice price rise yesterday and then = SHOCK = a dilution of the shares today.

We listen to the orchestra. The management are already in the lifeboats.
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