Bullboard - Stock Discussion Forum 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... see more

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TSXV:PHD - Post Discussion

Providence Gold Mines Inc > Was sent Rush !

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Post by Darkangel on Dec 10, 2020 11:57am

Was sent Rush !

Why send it rush , if not releasing mid JAN , news is news , big difference here releasing anytime soon to mid jan .

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Comment by catman24 on Dec 10, 2020 12:09pm

This post has been removed in accordance with Community Policy

Comment by MeLuvGold on Dec 10, 2020 12:12pm

There are always exceptions to the rule but in general this is how most junior mining companies think and reason things out on their end.

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Comment by KozmoT on Dec 10, 2020 12:43pm

Rush samples take 3 to 4 days (less if its not too busy). The samples were sent over 10 days ago. If results are good enuf to be considered "Material Information" they HAVE TO put out a news release. They have not put out a news release.

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Comment by Twigler12 on Dec 10, 2020 1:25pm

And if the samples are not good enough to be considered Material information then they still have to put it out. they have not put out a news release. it goes both ways

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Comment by KozmoT on Dec 10, 2020 1:49pm

No, they are under no legal obligation whatsoever to report non-newsworthy assay results. Companies do this all the time.

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Comment by MeLuvGold on Dec 10, 2020 2:11pm

I encourage you all to review the timely disclosure rules (section 2.1 - 2.3); this should answer everyones question on this subject - there are always exceptions: https://www.bcsc.bc.ca/-/media/PWS/Resources/Securities_Law/Policies/Policy5/51201_NP.pdf

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Comment by MeLuvGold on Dec 10, 2020 2:16pm

And so more reading from TMX: https://www.tsx.com/ebooks/en/timely-disclosure/files/assets/common/downloads/publication.pdf

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Comment by KozmoT on Dec 10, 2020 2:51pm

Good post MeLuv, thanks.

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Comment by MeLuvGold on Dec 10, 2020 3:31pm

Your welcome Kozmo. Cheers

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Comment by Twigler12 on Dec 11, 2020 9:31pm

not to sure why you would ever get an idea like that..... they've been reporting about this stockpile, it clearly has an effect on stock price(50-70%) to be exact... this could be a huge addition to the company value,if PHD insiders for some reason dont report the findings and keep that information in house. meanwhile insiders selling off shares while at a higher that average price? i dont ...more

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