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.