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.

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Red Lake Madsen Mine Ltd > Interesting Developments

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Comment by goldlocatoron Apr 25, 2022 9:45pm

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RE:RE:RE:RE:RE:RE:RE:RE:RE:Interesting Developments

No question about the corner and wet paint kirk. I still believe the only way out is through Anglo. If Anglo is not willing to invest money to protect their investment why would anyone else? Keeping everything in nice even numbers if Anglo buys 20 million shares in a new placement and optimism drives it up, the 100 million shares they already own go up as well. The optimism would be there because people would be thinking Anglo has faith so why not? If it went up 10 cents they are up 2 million on the new shares and 10 million on what they already own. Then they can start unloading a couple million of the new shares and get their investment back. If things work out and the mine does turn the corner they win big. If it does not then they are still only out the cost of their original 100 million shares. I just cannot see anyone else stepping in if Anglo won't.

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