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 > Merry Christmas

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Comment by roberto146on Dec 25, 2022 12:03pm

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Post# 35191530

RE:RE:RE:Merry Christmas

If you're interested, some holiday reading (not too long) about an example of when this sort of thing happens; of course every case is different. In the case of RMX, a restructuring took place, creditors got some fraction of what they were owed, and the 16 cent shares (previously as high as 6 dollars) were consolidated at 1 new for 162 old, or 1/10th of a cent per share based on the last trading price.
You may or may not remember Rubicon was the darling of Red Lake for quite a few years - it went from 60 cents to about 6 bucks. I sold mine when McEwen dumped his 45MM shares in a secondary offering in Sept 2010 at over 4 dollars and I never got back in. I had been in it, off and on, starting in early 2009.
RMX Restructure

RMX Meltdown

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