Providence Gold Mines Inc V.PHD

Warrants at breakeven at $0.05

[2021Gamble]

The last financing was at $0.07 (which was above market price at the time) if my memory isn't playing tricks on me....

Warrants at $0.05 are in the books and good until sometime in March 2025 - and Ron is holding some of them as he participated in that PP....

Cheers

[KozmoT]

You forgot some stuff there buddy. They've been trying to raise the same $1.3 million since 2021.  After a brutal period of extension requests that lasted till July 2022 they managed only a measely $204K total. The warrants were at 15 cents. Then in Feb 2023 they managed a tiny $86K PP with 5 cent warrants. To be used for "marketing and administrative purposes" ... That money

[Strawboss1]

I cant say if you are right or wrong with your posts , however what is your motive ? I dont believe its that you are looking out for investors ?

[KozmoT]

Then you'd be wrong.  Look at my posting history.  Any comment on the unfortunate fact that PHD defaulted on their obligations to maintain an interest in their one and only exploration play?  And be careful how you answer - the details are right in the fine print of their own financial statements.

[BIGBEN20]

PHD has to announce the loss of the property if this were true ! Was there a release, no !

[KozmoT]

LOL, here let me cut and paste the exact disclosure from your own financial statements ... you get back to us on that OK? (I'll highlight the relevant part for you) "To exercise the 50% Working Interest Option, the Company must:... e) Incur $500,000 in Property expenditures during each of five one-year lease extension periods ending May 24, 2021, 2022, 2023, 2024 and 2025, pursuant to

[KozmoT]

Wow, that sure quieted him down, seeing the company's own words in black and white.  I guess getting exposed like that doesn't sit well with him.