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Pure Gold Mining Inc. (PGM.V)

TSXV - TSXV Real Time Price. Currency in CAD
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2.2100-0.0600 (-2.64%)
At close: 3:59PM EST
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  • B
    Buddy
    Good to see some recovery here. I have been rebalancing my portfolios this week which resulted in the addition of some more shares. Looking forward to drill results and first quarter earnings following guidance! I have complete faith in management👍
  • 3
    3800ft
    Short interest has dropped by a factor of 3.4X since first pouring of gold at the end of last year. That's when it was at its peak. Long story short (no pun intended).....short sellers have drastically reduced their positions. I think you'd pretty much have to be crazy to go short at these present levels. https://www.canadianinsider.com/short-report?ticker=PGM
  • P
    Pierre-Luc
    any one know when we should have more info on the actual production and drilling results ?
  • M
    Money
    Does anyone see $10+ for pgm within the next 1-2 years?
  • P
    Pierre-Luc
    pgm is on the first page of mininglife magasine online
  • 3
    3800ft
    Interesting things I've run across doing a little internet surfing this morning. Photo of first pour in progress....I'm pretty sure the photo was taken at the Pure Gold facility since Pure Gold is the one that posted it to their twitter account. I'm going to try my best to post a few other interesting tidbits....but when I tried to post it all as one message this morning it was blocked. https://twitter.com/PureGoldRedLake/status/1347588682585313289/photo/1
  • B
    Bob
    Coming back to life...
  • 3
    3800ft
    As others have mentioned over the last few days, I do in fact think the floor has been established @ 1.70 or thereabouts. I still like my original purchase at 38 cents the best, but that is one for the history books. At this point in time I think 1.70 is going to be increasingly hard to buy, if at all. Crazy bargain and good luck if you can put it in your shopping cart. I think the sale price is just about over, if not over.
  • R
    Randall
    3800ft keeps pounding the table on PGM, moon shot to $2 plus
    coming soon enough...
  • 3
    3800ft
    Buy rating C$3.50/share by Haywood Capital Markets (see near end of article dated Dec. 31st). I don't put a tremendous amount of faith in analysts opinions, but this target seems reasonable and doable to me during the course of next year. I don't think that is a long shot at all. I know it seems like we are kind of stuck here in the low 2's USD but that won't last forever. This company is just getting warmed up. Yes we could go down a little in price and maybe not. But the trend is going to be up over time. If the gold price holds where we presently are we are going to be in good shape. If the gold price gets on up to the $2,000-$2200 range (we are not that far away)......all bets are off as to how far up we go.....because a lot more money will be coming in to the mining sector than what we have witnessed thus far. Pure Gold has an excellent game plan..... keep in mind, a couple or three more feathers in our hat could come unexpectedly at any time and from any direction (finding even more high grade deposits, increase in the gold price, buyout offer or merger) & any combination of those type of events will turbocharge us even more. 2021 should be a good year for us.....patience is the key.....it will happen.

    "The analyst also noted that the company has a strong treasury. “With ~C$57 million on the balance sheet, we expect that PGM remains well funded through to commercial production,” he pointed out in his research note. “Also, we note the outlook on PGM shares remains positive following the recent inclusion within the VanEck Junior Gold Miners ETF (GDXJ-US) earlier this month.” https://www.northernminer.com/news/pure-gold-pours-first-gold-at-canadas-newest-gold-mine/1003826594/
  • O
    OldE5
    I've been trying to work out the hiring of Chris Haubirch. At this juncture it's sure that he has a specific roll to play. Here is the quote from his appointment:

    “Chris brings to the role extensive industry experience in mine finance and corporate strategy, ideally suited for the Company’s objectives. With the achievement of first gold production at our PureGold Mine, Chris adds complementary skills to our management team at the right time as we look to broaden awareness within the investment community and build out our corporate growth strategy.”

    There are two clues here. "to broaden awareness within the investment community --- build out our corporate growth strategy." I think the first is obvious. He's going to get the large investment companies interested in PureGold and drive the stock price up. But the second part, "build our corporate growth strategy," that could mean a lot of things. Reverse stock split? Merger with another mining company? Open as separate mines the Wedge and other deposits found on the PureGold property? I don't know.
  • L
    Ling
    Hey guys check out mrs.v company with a market cap of 33m but it's revenues this year are 74m plus last year they were 20m and 2 years ago they only made 4m. They've increased revenues close to 10 times what they were 2 years ago but haven't seen a share price increase. they have new purchase orders they working on this year worth 180m from the us defense department with a order cap of 470m us dollars. Go check then out $0.17 a share
  • B
    Buddy
    Securities prices do not get to bargain levels without a great deal of negative sentiment and publicity. It's simple math really .. I am on the backburner right now, but my position in PGM is stable none the less. I suggest to others you stop worrying so much about daily variance and start extending your time horizons. We are investors, not gamblers. We tilt the odds in our favor, that's what we do.
  • r
    rickt65
    I bought this stock the 1st week of December at $2.13. Everything I read and researched told me this is a winner. 1st pour this month but it hits a a low of $1.81 today what am I missing?
  • O
    OldE5
    It is time to give the economics of the United States a good look to see if PGM is likely to continue the price rises we’ve seen over the last two years.
    If you remember back during the Bush administration (W), Interest rates were in the 5% range and the Fed’s balance sheet was only around $400 million. Then came the Lehman Brothers debacles that started the mortgage meltdown. The Fed balance sheet jumped to over $800 million, but the interest rate was still hanging in there at 4 to 5%, which gave the treasury and the Fed something to work with to contain the problem. Then the new Fed chairs (Yellen and Powell) saw the expedient (political) solution to the nations financial woes and continued cutting interest rates and printing money for buying up everything from mortgages to bonds and now even US treasuries.

    Today the balance sheet is $7.2 trillion and interest rates are hovering just above zero. Looking ahead at 2021, I see that there is no interest rate to cut, we are essentially at zero. So, that little trick is out, unless they decide to go with negative interest rates (big sigh).

    With COVID-19 and now it’s new mutant strains, we are in the middle of a true national emergency and we have no dry powder to get us through the coming hard times.
    If that wasn’t bad enough, other countries are noticeably slowing down on buying US treasuries and other debt. But not to fear, the Fed is out there buying US treasuries to prop up the market for them.
    In the meantime, the stock market is running at all time highs (I’m looking at you Tesla).

    I see the coming year, 2021, as the time of reckoning. When the realities of Main Street supersede the blind optimism of Wall Street. I see the market come crashing down.

    Where will all that money run to as people scramble to leave the stock market? Historically, gold has always been the most durable commodity during the hard times of depression, war, market failure or fiat currency failure. I feel we are in the right place at the right time. Pure Gold's future is bright, and if there proves to be a motherload hiding below zone 8, we could all become wealthy.
  • 3
    3800ft
    Every single thing I own was up today except Pure Gold (-3.92%) and Yamana Gold (-.82%)...... all other holdings (about 20 total) way up.......LPI up 17.56%. Unfortunately, Pure Gold came in last in the race today. Oh well.....the sun's still gonna rise tomorrow.🌞
  • J
    Jeff
    Looking at the charts price is at the bottom of the channel (lots of support). I would expect we are getting ready for another move in Gold which should bring PGM towards the upper channel ($2.75 US) is my next target.
  • R
    Rick
    Has anyone heard of nsfr? The new rules for the London Gold Exchange that goes into effect in June of 2021? It sounds like the end of the european paper gold market...they will need to have 85% of their gold held as physical...They are complaining big time...yeah, if they have to have 85% gold to paper ratio...they can’t short anymore...oh, and I am thinking they will need to buy a lot of physical gold in next six months...research for yourself...nsfr...and it’s impact on the gold market...you heard it from me first..
    And Happy New Year to all longs