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Bullboard - Stock Discussion Forum Red Lake Madsen Mine Ltd LRTNF

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... see more

GREY:LRTNF - Post Discussion

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Post by goldanalyst on Aug 16, 2021 2:04pm

Unusual

That PGM despite it's issues is heading opposite the direction of gold recently.....


Gold up significantly and PGM down significantly


Perhaps more news is coming....and it isn't good?
Comment by DRYOASIS on Aug 16, 2021 2:29pm
Slow and steady is the game here, I still think Evolution Mining will make an offer on this project sooner or later.
Comment by Megamister on Aug 16, 2021 7:51pm
Seen a similar pattern of performance/results over and over again with several gold mines in Quebec and Ontario.. Some were shaft mines, some were open pit mines, some were shaft mines that became open pit mines.  Personally think we are still in "good straights" with PGM's current management team and the logical fiscally responsible phased approach they are following to get to ...more  
Comment by Welchspring on Aug 16, 2021 11:06pm
Certainly appreciate the update but it is very clear that with the cost of production and not getting to zone 8 for the next two or three quarters, perhaps four quarters  we are going to be fighting to maintain 1.00 per share. The stock market is in a mess and I do suspect that after the Fed minutes come out on Wednesday there will be some discussion notes on bond purchase tapering. Although ...more  
Comment by porc2019 on Aug 17, 2021 4:41am
Its very clear to me that they are running out of money and will raise capital near 1 cad or worse again. 
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