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Bullboard - Stock Discussion Forum Providence Gold Mines Inc V.PHD

Alternate Symbol(s):  PRRVF

Providence Gold Mines Inc is a Canada-based company engaged in the exploration and evaluation of its gold mineral property located in California. The company holds an interest in Tuolumne properties. Tuolumne Property includes six parcels and thirteen 20-acre mining claims. The company is organized into business units based on exploration and evaluation assets and has one reportable operating segment spread across two geographic locations, being that of Acquisition and exploration and evaluation in Canada and the United States.

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@ the Bell: Markets start second half of '22 trading on upbeat note
Canada’s resources-heavy stock index rose on Monday as oil prices gained and investors returned from a long weekend to purchase riskier assets that have been battered by concerns over a global... read article.

This mine has huge potential

I am still very happy to found PHD ! Now, Ron please do something to wake up the market !  rate and reply

Drilling start

Everything is going well as planned drilling is planned for September and October ! Actually PHD is also in contact with large investor. Form your own opinion or ask the company! But don't...read more

RE:RE:RE:RE:financing in the amount of $1,300,000 USD

KozmoT the clown of stockhouse posting always nonsense LOL  rate and reply

RE:RE:RE:financing in the amount of $1,300,000 USD

If you think resorting to a convertible equity is GOOD then maybe you better do some reading ... Keep in mind of the $1.3 M they needed they somehow only managed to raise ... $121K https://www...read more

RE:RE:RE:FINANCING PHD

Ron had an offer for just that. 50%. He turned it down, as he claimed he wanted to do it himself. What he did not tell us was that he is incapable of doing that. Ron is a mine developer only, he has...read more

RE:RE:FINANCING PHD

AvoPit I doubt a anyone is going to send a portable mill in for a months work for only 50% of the income.  Try 80-90%.  I think PHD would jump at 50% lol.    rate and reply

RE:FINANCING PHD

"The Company is presently in negotiation with a funding source for a convertible equity financing in the amount of $1,300,000 USD." At what cost? When penny stocks are unable to raise funds...read more

RE:That is Uglier than Even I expected!

The financing failed because Ron has now established a track record of saying this and doing that, which does not engender much confidence with potential investors. I am not surprised that they did...read more

FINANCING PHD

WITH THE WORLD FINANCIAL MARKETS BLOWING UP THE FACT THAT PHD HAS SEVERAL PARTIES INTERESTED IN THEIR FINANCING IS REMARKABLE .   OF COURSE THINKS COULD MOVE QUICKER, HOWEVER, PHD IS MOVING...read more

RE:RE:RE:financing in the amount of $1,300,000 USD

Burry I am not sure what you see that is very good!  It has taken 6 months to come up with next to nothing in the way of financing.  In fact, one could argue it is now over a year given the...read more

RE:RE:financing in the amount of $1,300,000 USD

You have to read it carefully! It is a very good and I think we will get more news next days and weeks.  rate and reply

RE:financing in the amount of $1,300,000 USD

Burry It says "convertible equity' that is not the same as a convertible debenture which you might be thinking of!  rate and reply

financing in the amount of $1,300,000 USD

"The Company is presently in negotiation with a funding source for a convertible equity financing in the amount of $1,300,000 USD" Thats great ! and will be closing shortly.  rate and reply

RE:Ouch! me too on the "worse than I expected" thang

Clown KozmoT LOL posting nonsense all over stockhouse LOL  rate and reply

Ouch! me too on the "worse than I expected" thang

Excluding insiders, on an attempted $1,300,000 PP they only managed to convince outside investors to the tune of $25K ?!??!?! and THAT was after, as Gimmy pointed out, they announced $83K worth months...read more

RE:Convertible Equity?????

Read the release again  rate and reply

Convertible Equity?????

The last I looked PHD is not a start up and Convertible Equity Financing is often used when a company is insolvent or facing lawsuits nearing insolvency.  I might be wrong as I have no experience...read more

That is Uglier than Even I expected!

If I read this correctly they managed to close at total of 121k which would include the 83K announced back in December so it took them another 6 plus months to get another 38k?  Am I reading this...read more

New Press Release - Providence Gold Mines Inc. Announces Closing of Financing

(TheNewswire) VANCOUVER – July 1, 2022, Providence Gold Mines Inc. (“Providence” or the “Company”) (TSXV:PHD) (OTC:PRRVF) (Frankfurt:7RH1.F) announces that it has closed the previously announced financing, issuing 1,737,500 shares at a price of $0.07 per unit for gross proceeds in the amount...read article.

Big Day Tomorrow Maybe?

A large investor big heavy set guy with a white beard has been seen in the area!  Oops it was only a senile Santa bearing early Christmas gifts!  rate and reply