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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 > Very Interesting.
View:
Post by Bentouttashape on Feb 14, 2022 10:39am

Very Interesting.

Ms. Belanger has been appointed to the board of Iamgold. Not only that but the Chair of the Board.
Comment by thelostarc on Feb 14, 2022 10:56am
Interesting indeed!  How is she giving PGM 100% of her time and effort if she is also chairing a gold miner that is 5x the size of PGM? The good thing is that IAMGold is sitting nice and plump with $800MM cash on hand - though most of that money is earmarked for the Cote Project. Could it be that they snatch PGM from Anglo? Or is Anglo looking for a three-way tie up? So many possibilities. ...more  
Comment by CanadianAnimal on Feb 14, 2022 11:02am
Ok we all know Im not the sharpest knife but is this for real?
Comment by thelostarc on Feb 14, 2022 11:29am
Something is brewing! Either Maryse will lead our buy out or will dump us altogether.
Comment by kirk15 on Feb 14, 2022 12:45pm
yes, "Pursuant to the Agreement, Maryse Blanger, David Smith and Ian Ashby have been appointed to the Board of Directors of IAMGOLD (the " Board ") as independent directors, and Ms. Blanger has been appointed Chair, effective immediately."
Comment by CanadianAnimal on Feb 14, 2022 12:56pm
I honestly dont know how to take thiis news. On one hand its a total bone kill like your kid walking in on hanky panky and on the other hand it could be a double shot of Viagra.  Maybe I will just think about it a bit more today.
Comment by timjim0417 on Feb 14, 2022 1:23pm
This is bad news guys. Belanger is ditching pure gold! She is the chair of the board at IAMGold now... Probably the red lake grades are still low and no obvious way to offset the current costs.
Comment by yvrean on Feb 14, 2022 1:49pm
Very interesting that TD puts out a buy signal today
Comment by catf7rider on Feb 14, 2022 1:50pm
I really don't think that this is bad news. Many mining execs are on several different company boards. It does not take up much time, they're not involved in the day to day operations.
Comment by tonyturbo on Feb 14, 2022 1:52pm
If you do a good job you get promoted...where does she work?
Comment by flashcash on Feb 14, 2022 3:44pm
Biography of Maryse Blanger Maryse Blanger brings over 35 years of experience with gold companies globally with proven strengths in operational excellence and efficiency, technical studies, and services. She has provided oversight and project management support through some of the mining industry's key strategic acquisitions. From July 2016 to July 2019, Ms. Blanger was President, COO and ...more  
Comment by thelostarc on Feb 14, 2022 4:52pm
There are only two outcomes in terms of Maryse Belanger... sticks around PGM or takes off for greener pastures. IAMGold has a lot going for it... 3 operating mines and 1 super project Cote. Why bother lugging it out at Pure Gold when you can be the shot collar at IAM? And, if IAM were to merge with another mid-tier producer, the head honcho there as wel. It would seem to me that the PGM story is ...more  
Comment by Scanner454 on Feb 14, 2022 8:13pm
recent financing expected to close on feb.15.....should we see a news release on feb.15 concerning this and maybe a update on operations?
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