Providence Gold Mines Inc V.PHD

Why?

[MrFitnessCoach]

I'm just surprised there is so much talking on this board yet no volume. For the ones that are confident in this stock, howcome you're not buying more to keep this stock at least around the .11 range, where we once thought this was the bottom. I'm a shareholder too but I must admit I completely regret buying my shares at this point and will sell all as soon as we see .10 again. Lost faith.

[Darkangel]

Could not have said it better myself ! RON I will sell my shares to your family and friends for 11 cents , then leave you for good

[2020oilgamble]

This post has been removed in accordance with Community Policy

[Avocadopit]

Long term holders of PHD have bought all they want to hold for now, awaiting news to come out. So there is no demand from the long term, and traders are not going to jump in until news comes out. So we are all playing a waiting game.  With respect to the idiot who thinks companies move on fixed schedules, take it from me, they don't. I'm a sofware developer, and I learned 20 years

[Darkangel]

It's been since Dec this stalling , spinning, and etc.Then tell Ronny to stop putting up unreal dates.And if shareholder thought it was a cheap price they would be buying more , please no bsing again.

[KozmoT]

avocadopit - you too are confused. It was not me that put out the pre end of March schedule date for bulk sample results .. IT WAS THE COMPANY!!  And end of March was over 2 weeks ago.  Ask yourself have you seen this "oops" moment from the company before and what was the end result? ... the samples SUCKED!

[Darkangel]

Ron 2 strikes on you , next strike your out. Make a call to lab , give shareholders a updated date , this is so unprofessional of company , to do this everytime , uncaring person.

[givemeabreak1]

Better yet hit the send button on an e-mail!  Oops technology.  OK so hand write a letter and send it pony express!  

[Avocadopit]

I went back through the news reports, and was unable to find anything where Ron said he was going to report results on such and such a date to the shareholders. I did see where he reported that the lab told him to expect results at the end of March. we do not know if that happened or not. I've made many promises to our users about release dates, we made very few of them, so we no longer say

[KozmoT]

LOL ... 25,000 cubic yards of 1/2 gm/t Au is "immensely profitable" ?!?!?!  You saw the assay results for yourself man.  As for Ron's timing or lack thereof ... "The Company has received confirmation of shipment of several tons of material to ...Test work and full reporting is expected before end of March."  We don't know if "before the end of March

[givemeabreak1]

Avocadopitsht You must be a real genious when it comes to doing any research.  Heck you do not even read the companies most recent news releases.  About 10 minutes and you would have found where Ron said end of March!  Hate to see the trouble you would have reading a detailed financial statement or even a simple cash flow statement.  I remember my sons first entry into the

[Avocadopit]

I quote: "The Company has received confirmation of shipment of several tons of material to FLSmidth Minerals Testing and Research Center of Salt Lake City, UT.   Test work and full reporting is expected before end of March." expect verb "to look forward to; regard as likely to happen" I'm not sure what country you are from, or what language is your native

[Lineminer]

Avacado I like your considered posts - "shovel ready" is cheap recovery - and the Utah facility provides both assays - and their additional strengths are processing recommendations - crushing sizes, screening sizes and gravitomiter vs shaker table recommendations ! - Real recovery strengths - and on those bases - maybe the 2 ton sample is still undergoing analysis!! To get the best

[Avocadopit]

Ask yourself a simple question. When they took the samples from the trenching in 2019, one of them graded exceptionally high: 253.60 g/t Do you think they made this up? Same for other results from the trench assays and even the percussion drilling.  94 g/t,  165 g/t. If the stockpile is just waste material, what are these very high grade results doing there? The miners missed some

[Darkangel]

SHOW ME , SHOW ME , LOTS OF TALK, AND LOTS OF BURNING CASH FOR WHAT , WHERES THE RESULTS, REALLY , WHERE ARE THEY. WAY TOO LONG AGAIN.

[KozmoT]

Avo - you need to look up "nugget effect" then go back and look at assays from both trench and drilling - they absoliutely sucked. They also showed the waste pile was waay smaller than the company had originally "estimated".  Anomalous samples like the two in the trenching don't even get counted when calculating a resource.

[givemeabreak1]

Avocadopit Here is the actual problem you seem to be missing.  It is the test sample size.  So if you recall the samples were essentially 5kg pails.  So there is 1000kg in 1 tonne.  So that means there is about 200 of these pails in a tonne.  So if they find 1 gram of gold in the pail it is multiplied by 200 to get the estimate so that gram becomes 200gpt.  Needless

[givemeabreak1]

Avocadopitsht Now we know he cannot read we can see your math skills leave something to be desired.  You are not going to make any money at 1/2 gpt.  Yes a couple of guys and a small portable mill bought from Amazon or Wish or Ali-baba could spend the summer up their and make a good pay cheque but that is about it at 1/2 gpt.

[Avocadopit]

Let's suppose the cost to process the ore, includiing lease of equipment, comes to $500,000 and all they get out of it is 2000 ounces. Gold stays at $1750. That's $3,000,000 net, before the 10% to the trust, and taxes, if any. Let's fudge the numbers a bit and declare they only net $2.5 million after all costs. ($300K to the owners) Is that $2.5 million more than they have now?