Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Providence Gold Mines Inc V.PHD

Alternate Symbol(s):  PRRVF

Providence Gold Mines Inc. is a Canada-based mineral exploration company. The Company is engaged in the process of exploring and evaluating its mineral property located in California, United States. It owns 100% interest in Tuolumne Property. The Company’s gold mines consist of seven patented stake mineral claims and 22 located claims, encompassing an area of approximately 324 acres, which includes Bonita, Consuelo, FairPlay, Good Enough, McCarthy, Mexican, and Providence. The Providence Group of Mines is located in the Summerville Mining District, Tuolumne County, California, upon the eastern belt of the Mother Lode District. Its subsidiary is Providence Gold Mines (US) Inc.


TSXV:PHD - Post by User

Comment by Cr00ks604on Apr 12, 2021 12:39pm
70 Views
Post# 32977861

RE:Scary,.. I hope they are more 'mechanically-minded', than

RE:Scary,.. I hope they are more 'mechanically-minded', than They need 700k US to do the drilling = big dilution @ these prices. They had under 300k @ the time of the Zoom meeting. The big take away on the Zoom meeting was the ending, Ron say's "hopefully" he can keep the project moving forward. They don't have enough money at the moment to move anything forward. What the Zoom told me:

1. Burned through most of the cash, less than 300k
2. They have no money to move anything forward.
3. The drilling of the stock-pile complete waste of time & money.
4. The bulk sample would have given them answers sooner.
5. Now they're waiting for results until sometime in April well they continue to burn cash.
6. Ron's statement @ the end "Hopefully I can keep the project moving forward" A real lack of conviction.

Sometimes it's better to say nothing at all. The Zoom was one of those times.


<< Previous
Bullboard Posts
Next >>