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Probe Gold Inc T.PRB

Alternate Symbol(s):  PROBF

Probe Gold Inc. is a Canadian gold exploration company focused on the acquisition, exploration, and development of highly prospective gold properties. The owns 100% of its flagship asset, the multimillion-ounce Novador Gold Project in Quebec, as well as an early-stage Detour Gold Quebec project. The Company holds a large land package of approximately 1685-square-kilometres of exploration ground within some of the prolific gold belts in Quebec. Its Casa Cameron Project includes the Casagosic, Sinclair-Bruneau and Florence properties, which are located north of the towns of La Sarre, Amos and Lebel-sur-Quevillon, northwest region in Quebec. It also holds three properties in the James Bay Lowlands area of northern Ontario, Canada: the Black Creek Property, the Tamarack-McFauld’s Lake Property, and the Victory Property. The Company has a 50/50 joint venture with Pan American Silver on the Meunier-144 property. It also owns 100% interest in the Croinor Property located in Val-d’Or, Quebec.


TSX:PRB - Post by User

Bullboard Posts
Post by Sunnybrook25on Jun 01, 2008 9:28am
434 Views
Post# 15131783

1 Anon

1 Anon

Share Price has been pressed down by Anon (Pinetree Capital) in the past 5 months.  This was why PRB's share price stayed at below $1.00 while another ROF player FNP (Fancamp Exploration)'s stayed at above $1.50 (as high as $3.15)in the past 6 months. It was very unfortunate that brokered financing was done with Pinetree Capital in Nov. 2007. David started using non-brokered financing since. Pinetree might need to raise cash reserve as required by the Banks amid of credit crisis. Anyway, they've dumped most of their PRB holdings and they don't know about Probe Mine's drilling plan. This stock has so much potentials and sharesholders should have bought more shares on last Friday. IMO.


03/27/08 - 04/27/08 bought 142,000 sold 417,500
02/27/08 - 03/27/08 bought 565,000 sold 1,544,500
01/27/08 - 02/27/08 bought 710,500 sold 1,194,000
12/27/07 - 01/27/08 bought 510,000 sold 1,790,000
11/27/07 - 12/27/07 bought 489,500 sold 1,206,500
====================================...
Total --> bought 2,417,000 sold 6,152,500

A total of 3,735,500 (6,152,500 shares minus 2,417,000 hares) shares have been sold out in the market thru Anon.

2007-11-06 

Pinetree Capital Ltd., on Nov. 6, 2007, acquired ownership of two million common shares of Probe Mines Ltd. and one million common share purchase warrants. Each warrant entitles the holder thereof to acquire one additional common share until Nov. 6, 2009, at a price of $1. In the event that the warrants are fully exercised, these holdings represent approximately 9.7 per cent of the total issued and outstanding common shares of Probe as of Nov. 6, 2007, calculated on a partially diluted basis, assuming the exercise of the warrants only. As a result of this transaction, Pinetree holds 3,885,000 common shares, including the common shares and the warrants.


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