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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 > March is crazy and Poland =OIL, GOLD get ready PGM
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Post by pulcan on Feb 26, 2023 2:35pm

March is crazy and Poland =OIL, GOLD get ready PGM

hi all,  Looks like no matter what we expect or think the total opposite happened last week. The markets were so blind to just a quick blast of selling off and to watch everyday go sideways. But, for now lets look at what is coming in March and this can be another crazy month. Check out the latest update from Gregory Mannarino and its a good one!!



Now, Russia and Poland can start the new run in OIL!!  This announcement from Poland on the oil being cut off is huge! It is the start of more to come and this can cause many to run to GOLD!! There is a potential WAR coming with the US getting involved as Polan now is in range to more Russia threats and look out!!  As for the price in GOLD to stay above $1800 i noticed some of the minors on Friday stayed strong and some made some gains.  So we know the next move is back up and make some steps back to a move to $1900. With the now Poland update on the oil is a big concern. If China does what the US does not want you will the US dollar be dumped and its game over as GOLD will sky rocket past $2000. See the latest video from Chris at IGOLD advisor.....



Now lets look at GOLD chart and we are holding above $1800 and that level must maintain....With Russia and Poland in the mix we know tonight at 6pm the direction of Oil and Gold will go!!

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Now lets look at Pure Gold Mining,  the big picture is March 10 is coming and this penny stock is now on the verge to close its story as we get ready for any move. I'm all loaded up with shares since December of last year at .015 cents. I do not care about Sprott, any major investor who put millions into this stock over the year. Better off any youtube videos from any analysts who have no clue as to what happened. The fact is this stock is ready for news and we know its coming. I do not even care if we trade all week in the .02 cents range! This stock on the announcement of the sale will have a relief rally and i will be ready to sell all my shares!!  So for now keep an eye on any KSV reports and watch this video and its a good one on Pure Gold Mining....talk about major dump on the shares and now a new start with a new company that will help Red Lake and do it Right!!



you will see below the BID vs ASK  as the .07 cents is looking interesting and even .05 cents shows some ground support....regardless on news and positive for the town of Red Lake will make this stock move!! By the way....if we were to get a major player like Newmont taking this entire land package with just the name would push us past .30 cents on a frenzy!! they have two major mines in Ontario...see link  https://www.newmont.com/operations-and-projects/global-presence/north-america/eleonore-canada/default.aspx

below is the latest  

Level two quotes - Bid
Number of Shares Bid Price
 
8,796,000 shares
8,796,000 0.010
 
6,734,000 shares
6,734,000 0.005
Level two quotes - Ask
Ask Price Number of Shares
0.015 1,255,000
 
1,255,000 shares
0.020 4,637,000
 
4,637,000 shares
0.025 645,000
 
645,000 shares
0.030 236,000
 
236,000 shares
0.035 165,000
 
165,000 shares
0.040 24,000
 
24,000 shares
0.050 40,000
 
40,000 shares
0.055 10,000
 
10,000 shares
0.070 430,000
 
430,000 shares
0.075 38,000
Comment by Rockormen on Feb 26, 2023 5:38pm
I apprrciate your input my friend but I think you are too optimistic when it comes to the gold price and we can very well see $1750 before it goes up again, that's why im hoping ODea and the guys do what they can to delay the sale 
Comment by jake12116 on Feb 26, 2023 9:27pm
What do you think will happen by March 10th ?  I respect most people's opinions on here  I feel it's worth 200 million or more  which leaves something for share holders  however the share price of 2 cents is concerning 
Comment by UptickHedge on Feb 26, 2023 10:40pm
IMO there is no outright sale that yields for shareholders. IF there was 200 mil out there for it like some have surmised, Sprott lending would have taken it for themselves. Sprott lending said there was nothing acceptable. Odea is not making a decision on the first 180m of debt. Only after the secured debt is paid does his phone ring, unless he gets investors and staves off foreclosure. They ...more  
Comment by jake12116 on Feb 27, 2023 7:37am
Who ultimately makes the decision to accept an offer ?  Is  it Sprott or all involved in this process 
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