Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 > Michael Oliver Gold update, PGM = 3way split merger..
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(13)
•••
Comment by Sherry35on Mar 13, 2023 8:31pm
89 Views
Post# 35336420

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Michael Oliver Gold update, PGM = 3way split merger..

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Michael Oliver Gold update, PGM = 3way split merger..I hope I'm wrong and that a different business arrangment can be accepted that benefits the creditors, share holders and employees. I'm just expressing my opinion to add information to the debate. Fortunately the company went into CCAA because the CCAA process is more flexible. Bankruptcy would have been a major fire sale.

One possible solution is a private organization takes over PGM on the condition the creditors take a haircut on the money owed to them by PGM. Not any different in taking a haircut in the distribution of proceeds option. The private organization gets the extra benefit of having public exchange listing.

Two major players have resigned from the company. This should indicate a solution is forth coming.
<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities