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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

Red Lake Madsen Mine Ltd > Ounces poured number in August = misleading tactic
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Post by porc2019 on Oct 30, 2021 7:00pm

Ounces poured number in August = misleading tactic

They deliberately mislead investors by releasing the ounces poured number but not the ounces produced. They wanted investors to think it was the same as the ounces produced but ounces produced on August was way lower than ounces poured. Very unethical stuff by management. 

Then they release the q3 report without the ounces produced in September, to hide the fact that they misled in August. Which failed partially. Some people still havent understood that ounces poured /= ounces produced. 

These guys are boarderline hucksters. 
Comment by goldlocator on Oct 30, 2021 8:44pm
porc.....they did release the tpd and grade for August and it was identical to July. And the August average included the downtime. Does not take a rocket scientist to figure out that 1800 ounces magically appeared sometime in August. They should have explained it in that Sept 7 NR but nothing. Then you get the total for the quarter and it turns out that the number is the same as July + August ...more  
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