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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 Avocadopiton Dec 07, 2021 2:59pm
44 Views
Post# 34207520

RE:Providence Gold Mines

RE:Providence Gold Mines Are you Ron? You write the same way that Ron does in his press releases. Broken English, disconnected sentences, etc. 

You mention COVID and fires as why PHD cound not do anything..

How many other mining operations were shut down because of COVID? One? Two? Can you find any? 

Ditto for fires. The world does not stop because bad things happen.

Ambitious and energized business people find a way to get past obstacles. 

You mentioned price. Price was falling slowly. Peaked in 3rd quarter 2018, falling ever since. Perked up quite a bit from the low of 5.5 cents in the first quarter of 2020, right about the same time Ron was expounding on how they were going to process the stockpile. Rose to as high as 19 cents in January 2021, but then tanked when the last drilling of the stockpile bombed. Price dropped by 50% in a day. There was no real need to redrill the stockpile, the trench assays proved there was gold in them thar hills, all it needed was someone to setup a mill and start making money. 

Well we all know how that turned out. Now we have to wait on more drilling and hope you hit bonanza gold to kick the price higher before the expected dilution drives it much lower. 

More waiting...


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