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Bullboard - Stock Discussion Forum Purepoint Uranium Group Inc V.PTU

Alternate Symbol(s):  PTUUD

Purepoint Uranium Group Inc. is a resource company engaged in the acquisition, exploration and development of properties for the purpose of producing uranium. Its flagship project is the Hook Lake joint venture with Cameco and Orano, and the Smart Lake joint venture solely with Cameco. Together with its flagship projects, the Company operates nine advanced projects within the Athabasca Basin in... see more

TSXV:PTU - Post Discussion

Purepoint Uranium Group Inc > Re: Share dilution
View:
Post by winr88 on Dec 20, 2023 12:09am

Re: Share dilution

Purepoint has been exploring for Uranium for nearly 20 years. They have not overdiluted and year after year they drill and explore. They have a small discovery at Spitfire and  unfortunately that is all. How many explorers are still operating with the same symbol after nearly 20 years??? Very Few .Testament to Scott and Chris to keep at it. It may also be possible after 20 years a rollback may be necessary. If there is a discovery this year then a consolidation would be unlikely in my view. After 20 years I see absolutely no issue with a consolidation. Most explorers are lifestyle companies. They create shares, drill in unlikely zones and pay themselves very well. Those companies dilute fast. PTU has been very responsible and careful with spending exploration cash or paying themselves a bloated salary.. 
Comment by stockshack on Dec 20, 2023 4:41pm
Exploration companies never make a time on the bottom line. There value is based on what they fine, insitu. They never remove it, that is done by a mining company that buys them out or what ever arangement is done to extract the mineral. Purepoint is far from any company interested.
Comment by 99942Apophis on Dec 31, 2023 3:10pm
Well said winr88,  management at Purepoint is definitely top notch. I also watch this company  knowing they will succeed, price of uranium has brought back many previous investors, happy New Year to everyone here.
Comment by CLOUDER on Jan 05, 2024 10:52am
have you guys noticed just how much  PAYMENT they give themselves in.....SHARES at  5 cents ish and   now  10,500,000 more at 5.5 cents ,   what a lid on PTU at  5 cents ish.  PTU is fast aproaching 800,000,000 shares.
Comment by woolco on Jan 10, 2024 10:25am
those warrants only are worth 600k in total across all board /staff....IF shares hit 11 sents....so really not alot for the entire group to share....not gouging....and keeping compensations down so more can go into the ground and keeping lights on ....until the real deal hits/big day's come.  Should break out this year. If exercised those 10M shares...are only 1.3% of float..so also not ...more  
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