OTCPK:PGMFF - Post by User
Comment by
thelostarcon Jan 28, 2022 2:19pm
217 Views
Post# 34372482
RE:RE:RE:RE:gold
RE:RE:RE:RE:goldI used October/2021 number of ounces producers to show you how the company burned through the cash raised in the previous Private placement, to demonstrate to you that the money being raised now is also going towards covering ongoing costs.
It is great that monthly production is on the way up, but now you know where $25MM can go quickly.
I hope Maryse is able to turn the ship around. The company should cut anything that isn't production related, including the powerpoint presentations about "scratching the surface" "the story just getting started" "mining is in our roots" and actually focus on mining. Just mining. Nothing else. No PR, no IR, no nonsense.
Until they have steady state tpd out of the ground, to feed the mill at expected grades, no one at the company should be talking about anything else.