Comment by Trader2155on Sep 22, 2025 4:04pm
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Post# 36723078
RE:Lack of communication
RE:Lack of communicationYep ! Puma is not communicating well with there share holders, I told them that when I was at Miners conference in Vancouver that they needed to communicate, for Kinross to have made a major commitment like that with Puma it signifies they know they have something and Kinross geologist are very experienced people who know how to dissect data etc..
I have a very good position in this one. I know the area as my uncle worked as an engineer in Belledune mining plant, for years they knew there was gold and silver in that area but Brunswick focus was on zinc and copper and the gold and silver prices were so low and the volume wasn t feasible to develop these areas at that time between 1990 - 2005 . I asked my uncle why Brunswick Mine didn t work on these deposit, he said prices were so low and zinc and copper became low too that it was taking everything for Brunswick to stay afloat, Brunswick had shut down 1 or 2 deposits and were focusing on the higher grade area. Once the price turned around Brunswick focused to re start the other deposit and increase volume etc,,
What impressed me about the area was Slam exploration and its determination to keep exploring the area as 1990-2005 was a real drought for explorers to get funding and then got wind of Puma and when I saw what Puma was churning good grades and strike lenght then I realize what my uncle said they knew the gold was there but as he shared 25 years ago the metal prices were too low but not anymore. When I was at the trade show I discussed about production etc..Puma executive said they wanted someone to partner with as executive said Puma didn t have the experience to bring the deposit into production and trying to do that would only dilute the shares so having a joint venture was the most logical way to go. For sure i agreed with there assessment.
Having Kinross as a partner is a vote they see things with $$$ as they wouldn t commit like this.. I have been invested in Kinross for years so I know when the company makes a major commitment with Puma they have dissected the data and like what they see and its potential.
I sure hope Puma does a better job releasing more press release to the progress of there exploration going forward.