hi all, I loaded up on Pure Gold taking the high risk and high reward stake in a losing company. Or should i say bankrupt and $4million a month to stay alive. Sometimes you need to learn from your mistakes and always be brave to get back in. This company for what its worth has hit rock bottom on the charts at .01 cent today. This is the biggest loser of all mining stocks in North America. Now for those of you who are reading this if you recall some of my posts over the many years! When nobody wants it! you get in and buy. This stock is not just another bankrupt loser of a company. It is a mine, an actual mine with lots of land and a true asset ready for sale. Also, there is gold in the ground and all we need is the right owner to come in and buy it. Or, cut some sort of deal?? Right now this mine and all its assets in a higher GOLD price is worth maybe $100million. They are in Ontario and if it wasn't for the location they would be completely delisted all together. For what its worth i waited and waited for the right time to see this stock get hammered. Now at these prices from .01 cents i loaded up and glad i did. The people who work there are worth the second chance to come back and have this mine one day be turned on soon to produce gold! We all need to remember GOLD is an asset that many are looking at now! 2023 can be the year for GOLD to hit $2000 an ounce and this mine will be on the radar. So for the price i paid and the amount of shares i took...what a deal!! So lets see where this stock trades? The NEX is for those stocks that need that second chance to one day come back from almost complete collapse. If it wast for the NEX listing this stock is burnt toast! So you can buy it and sell it all day long!!! see link to learn more on the NEX and what it means for Pure Gold Mining.
https://apps.tmx.com/en/nex/aboutUs/about.html Now, lets look at this company to see who runs this mine and lets forget about the CEO and management team for now. , see video below.
As for the future this stock one day will have new ownership soon! Sprott is in a lot of money and they are a sure bet as to the future to what happens next.
Now watch the interview with you know who! and ignore any comments on them going forward. Listen to the remarks on what the value of the entire company is worth and think about the price of GOLD in 2023.
This is high risk and i jumped in and ready to see some move to .10cents for a market cap of $70million and i will sell and get out. Its about making money and getting in on an asset in red lake and nothing else. New ownership or control is coming or we just delist and lose all shares and this asset goes behind closed doors. Take a chance and see what happens is all i can say. I did it and the share price was so low i just had to buy it!!
Below is the chart and as you will see we have hit rock bottom and this is a clear dangerous investment for anyone to take. I did it and bought it for the excitment and risk rewards.
