Red Lake Madsen Mine Ltd V.PGM.H

Primary Symbol: LRTNF

Metals & Mining Gold

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

Red Lake Madsen Mine Ltd > Valuation is super cheap

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Comment by goldlocatoron Oct 31, 2022 4:59pm

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Post# 35061305

RE:RE:RE:RE:RE:RE:RE:RE:Valuation is super cheap

Rubicon did a consolidation at 164 for 1 and they had less than 500 million shares out. The only chance left for PGM IMO is someone to find a way to find a way to acquire all those warrants really cheap and then get them repriced at maybe 6-8 cents. Someone could acquire 25% for maybe 20 million. And if it happened to be someone that already owns 19.9% now you are at 45%. Acquiring another 5% or 35 million shares at these prices would be doable for less than a million. If it happened to be someone that looked at the money they spent on acquiring 19.9% as gone and only looked at the next 20 million as all they needed to spend to own 50% of a mine and mill ready to be put back into operation is it possible. And about 15 million goes into the company treasury. And if you own 50% then you get to decide how it gets spent.

I have no idea if the warrants can even be repriced but if that is possible then what I am suggesting is also possible. Does anyone own 19.9%?

But most likely we should keep the certs and use them for wallpaper along with BreX and Rubicon.

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