Poor performance of the O'Brien yearThe article tries to applaud O'Brien and his CEO for good work in this year at Pretium.
Misleading the article praises the performance of the PVG shareprice within this year. Falsly the article stated at the end:
As a result, Pretium shares are currently up around 10 per cent on its price at the beginning of the year.
Yahoo shareprice datas say this about share price performance from this Years start until yesterdays close:
Pretium (PVG) = + 7.01 %
GDX (Gold miner ETF) = +27.36 %
GLD (Proxy for Gold) = +23.68 %
Seabridge (SA) = +49.13 %
In addition sadly O`Brien and his CEO have no guts to explain their so called Snowfield deal in a reasonable way. They created a bad Material Change for Pretium Resources to the disadvantage of us shareholders with this "deal".
O `Brien flushed down a deposit containing metalls in 60 to 100
Billion USD range for just 100 mill USD (without shareholders approval!).
Is O`Brien there for Pretium or is Pretium there for O`Brien ?! Zoom in into this YTD chart:
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I refer to this article:
https://themarketherald.ca/discovery-at-the-hanging-glacier-zone-with-2-1-g-t-gold-over-102-meters-including-9-5-g-t-gold-over-13-meters-demonstrates-significant-near-mine-exploration-potential-at-brucejack-2020-12-17/?utm_source=stockhouse.com&utm_medium=widget&utm_campaign=stockhouse.com%7Cwebpart_news%7Cnews_tab