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Red Lake Madsen Mine Ltd LRTNF

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


GREY:LRTNF - Post by User

Red Lake Madsen Mine Ltd > Sad day for investors
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Comment by thelostarcon Feb 23, 2022 1:15pm
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Post# 34454488

RE:RE:RE:Sad day for investors

RE:RE:RE:Sad day for investorsBama and Kirk, how many more management changes do you think will occur before this mine completes ramp up? How many more PP's?

I think we will churn through at least two more managers and maybe one more PP before steady state production is reached. AngloGold has taken 20% of the shares as an investment, nothing more. Maybe one of the China-based or Australia-based gold producers will buy us? Our only saving grace is a buy out. PGM will never become a stand alone mid-tier gold miner. And PMG shareholders will never see the "8 Zone" that management kept promising and banking on over an over again. 

A buy out at $1/share... end this collercoaster ride.
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