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Red Lake Madsen Mine Ltd V.PGM.H


Primary Symbol: 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-maximizing strategy is to pursue operational excellence, while investing in systematic exploration and phased expansions to fuel discovery and growth for the future.


GREY:LRTNF - Post by User

Comment by goldlocatoron Jul 25, 2022 10:40am
153 Views
Post# 34847909

RE:Now comes the time

RE:Now comes the timeYou have been right all along Kirk. If I had owned a bunch I would have been gone long ago. From having enough to buy a couple new quads at one point I now have enough for a couple tanks of gas for my truck. These guys had to release some good results from this new program and they did not. The only reason IMO is they simply have no good results to release. And we know they had to provide weekly updates to Sprott. So just one more failed plan. Only 3 possibilities left IMO

1  bankruptcy in which case the debt holders get it all.  Most likely IMO

2  a buyout and I give that a maybe. But are Sprott and Anglo already discussing what to do with the assets after #1.

3  a fairy godmother shows up, waves a magic wand and a massive vein of gold appears which is so pure that it can be melted and poured into gold bars. 
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