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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

Post by pulcanon Dec 30, 2022 9:57am
187 Views
Post# 35196810

Get Ready for January...LOAD UP THE TRUCK...PGM for Sale

Get Ready for January...LOAD UP THE TRUCK...PGM for Salehi all,  This is going to be our day!  More updates and the facts...so right now i want you to meet our team who will look after the sale and reporting by LAW on this latest transition of PGM. see the link https://www.ksvadvisory.com/experience/case/pure-gold- The team from KSV will help Pure Gold Mining with the reporting to make sure they meet the law and rules being under the protection rights under the CCAA monitor.  This is better than buying AMC when everyone thought a squeeze would happen.  So for us this is our eyes and ears and follow this website for the reports and any moves on selling the company. We are now in the drivers seat if you owned shares at a penny like me!  So right now the facts are in on the latest report as we did in fact on December 20th showcase  the mine to several interested parties who want to review the opportunity in Pure Gold Mining. Also Sprott will not participate in any buyout as they are also helping over the next two month from Novermber to be a lender of $10million in helping Pure Gold pay the bills for this short term life of paying the bills to the equipment suppliers and staff who are working the grounds until they have a complete merger or sale. So right now see the link to the report on page 8 of 22 and you will see the dates from the report!!  [url=https://www.ksvadvisory.com/docs/default-source/insolvency-case-documents/pure-gold-/ccaa-proceedings/reports/pure-gold---first-monitor's-report---final.pdf?sfvrsn=803acf6a_5][/url]  All i can say this is exciting for Red Lake to see how fast the CEO Mark O'Dea is trying his best to take care of a mine for the history of the district to do the right thing. In fact there was a part of the report on how the employees are protect...Not even a pension plan was in place for them!!!  I cant believe it!!   The sale of the mine is a big deal and best for all. This report is also helping you the investor see the facts and yes we are a penny stock with value. So i would not be surprised if we move to a much higer share price min .13cents at the most by next month or close to it once we sell or merge with a larger entity. You can ask Mark O'Dea as he bought stock at .13cents in September knowing what was coming on the open market.  See the link...https://www.canadianinsider.com/node/7?menu_tickersearch=PGM+%7C+Pure+Gold+MiningThe team of David, Bobby and Chris you can conact them if you need to as they are reporting all the actions of the company. Even the cash flow from Sprott and how much its costing them. So for now hang on for a roller coaster ride.  Also,  off the record i sold almost 30% of my position in Northwest Copper to buy shares of Pure Gold. Only to prove to my self when working hard and believing you can make money not just buy taking a bet! But, more in the facts of doing some homework and sharing this with everyone else. I do not want you to buy anthing as i stated before if you just want to follow this story and watch me lose it all or get X10 my money back. This is a penny stock and i love the excitement today and the facts that i have learned to find and bring to you. This is also our last trading day of the year and together on a stock that we would never had the opportunity to buy, follow or make just money!  So for now we have a bigger outcome as we just finally hit a new ASK of .015 cents as a base and we move away from the .01 cent asking. We are going higher as the charts and technicals are going into a more Neutral and BUY alert.  See the latest chart below on PGM.

User image

Also a markets a look ahead to end the year!!



Below is point 3,  from the report also ...
Commencing in July 2022, the Company carried out a sale and investment solicitation process conducted by NBF in coordination with another investment bank. As detailed in the Second Haubrich Affidavit, throughout August and September, NBF and the other investment banker canvassed an extensive list of prospective purchasers and/or investors, facilitated the conducting of due diligence through the use of an online data room and arranged site visits at the Mine for several prospective purchasers. That process did not result in a transaction, although many parties expressed significant interest in the opportunity and continue to do so.

Also the BID vs ASK,  we are almost done with .015 and after that come January we have the opportunity to make money on this penny stock in a manner that is fair and right. 

Level 2 Quote

Level two quotes - Bid
Number of Shares Bid Price
 
16,166,000 shares
16,166,000 0.010
 
17,683,000 shares
17,683,000 0.005
Level two quotes - Ask
Ask Price Number of Shares
0.015 648,000
 
648,000 shares
0.020 3,444,000
 
3,444,000 shares
0.025 2,392,000
 
2,392,000 shares
0.030 1,161,000
 
1,161,000 shares
0.035 1,027,000
 
1,027,000 shares
0.040 1,005,000
 
1,005,000 shares
0.045 3,000
 
3,000 shares
0.050 77,000
 
77,000 shares
0.055 11,000
 
11,000 shares
0.060 77,000  

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