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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 2021Gambleon Dec 06, 2024 6:27pm
63 Views
Post# 36350435

PP announcement

PP announcementWell,as expected based on the last few press releases, Ron has antied up $75k to get the PP started

A few weeks back I posted a transaction on the ATS after market hours of a purchase of 1.5m shares at 0.05 - 1491k of that later disclosed as being sold by Ron

So sure, there are some that will focus o the CEO selling and pound that info only....

But for someone to sell, someone has to buy....

So someone bought 1.5 shares on the market

They paid 0.05 for those shares

They don't get a warrant, and they don't have a 4 month hold


So end of day, that leaves Ron wth slightly more shares in PHD (+9k),  PHD has $75 in the bank.

There is still an active PP with the CEO leading the way.

So sure, I choose to focus on the person buying above market after close in a cross from the CEO - and why not - someone wanted a 2.5% stake in PHD and paid 0.05 to have it.  Kudos to them.

Cheers folks



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