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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

Post by KozmoTon Mar 15, 2022 1:01pm
102 Views
Post# 34515593

Its ok to hope but you have to be realistic as well.

Its ok to hope but you have to be realistic as well.They can't drill without the financing (obviously). they announced the financing last Dec 2 ... its now Mar 15 2022. To date they manage only $83K of the $1,300,000 PP ... that might have something to do with the fact they tried to price the PP at 7 cents but the stock is not only stuck at 6 cents but it isn't een barely trading at 6 cents!!

But it gets worse ... back on Feb 15th they announced a 30 day extension to finish the PP.  Did I mention its now ... March 15th?

Now ask yourself ... what happens to the company when the PP fails to materialize?
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