Providence Gold Mines Inc V.PHD

Buzz on the Bullboards: Major developments amidst market dynamics

[Jonathon Brown]

Several TSX-listed companies are making headlines with significant updates, strategic movements and quarterly reports. read article.

[KozmoT]

Anybody else catch the hilarious gaff?  The headline was "Providence Gold Mines Inc. Announces Exploration" ... but they never actually announced ANY exploration. The NR was almost

[Donwaan]

No mention of a budget or a financing, where is the money coming from to fund this exploration program?

[PressRelease]

(TheNewswire)VANCOUVER – TheNewswire - May 6, 2024 - Providence Gold Mines Inc. (TSXV:PHD) (OTC:PR) (FRANKFURT EXCHANGE:7RH1-F) (“Providence” or the “Company”) is delighted to announce the 2024 exploration program plans to follow up the Company’s recently announced updated geology. The 2024...read article.

[BIGBEN20]

- Providence Gold Mines Inc. is initiating an exploration program in 2024 to follow up on their updated geology, particularly targeting a gold discovery surface zone with values up to 17.5 g/t Au. -

[BIGBEN20]

https://www.thenewswire.com/press-releases/1k6WFgNxX-providence-gold-mines-inc-exploration.html

[PressRelease]

(TheNewswire)VANCOUVER – TheNewswire - May 6, 2024, Providence Gold Mines Inc. (“Providence” or the “Company”)(TSXV:PHD) (OTC:PR) (Frankfurt:7RH1F) is delighted to announce the 2024 exploration program plans to follow up the Company’s recently announced updated geology. The 2024 exploration...read article.

[KozmoT]

already defaulted on the property months ago.  Its gotten so bad apparently their CFO up and quit a couple months ago and they forgot to tell anybody but just slipped it in the fine print of the

[KozmoT]

2023 Annual Financial Statements. End of 2023 they had only $2,634 in Cash (not a typo) but had Current Liabilities of over $98,000. To be honest I don't see how they can even pay their own

[KozmoT]

Just one wee problem ... there is no new zone. The last drilling this company did was back in 2019. Oops?

[givemeabreak1]

The stockpile lives again!  “The potential ofthis new zone blended with the nearby stockpile material could become a game changer and decrease future share dilution significantly.”

[KozmoT]

You got it backwards, wouldn't it be the worst time for a company in gold exploration to run out of $$ and go basically inactive? Also, wouldn't they need to have actually found some gold in

[BIGBEN20]

The gold price is insane and there is no end to it. Providence has caught exactly the right moment!

[KozmoT]

Actually they do put out NRs for nothing, the last one was an "Update" on a single drillhole from ... 2019.  Wow.  But this financing you mentioned - is that the very same one they

[BIGBEN20]

Thank you Gamble for this detailed analysis. Significant material fact the has never been disclosed and PHD does not put out press releases just for the sake of putting news releases! Providence Gold

[KozmoT]

Still can't tell if you are serious or joking.  You are talking about a five year old drillhole, meh grade. Furthermore you seem to be unaware that this is an abandoned gold mine.