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I went ahead and increased by 50% at just over $2. Just too good to quibble about 2-3 cents and take a chance on not getting filled.
PUREGOLD APPOINTS VICE PRESIDENT BUSINESS DEVELOPMENT [url]
[/url][tag]insert-text-here[/tag]http://www.sharesmagazine.co.uk/news/market/LSE20210105070004_3834076/PureGold-Appoints-VP-Business-Development
McEwen Mining: 2020 Full Year and Q4 Production Results https://ih.advfn.com/stock-market/NYSE/mcewen-mining-MUX/stock-news/84010957/mcewen-mining-2020-full-year-and-q4-production-re
If this dips below $2.00 again tomorrow I will increase my position again by 50%. I missed the drop today or it would already be done.
Thanks for the info. I think the Black Fox complex will end up being huge for McEwen Mining.
McEwen Mining: Fenix Project Feasibility Study
https://www.mcewenmining.com/investor-relations/press-releases/press-release-details/2020/McEwen-Mining-Fenix-Project-Feasibility-Study/default.aspx
"the bottom" is any ones guess. My guess is that we are very near it.
They have the business plan and will execute it when the time is right. With oil prices where they are now, not a chance. The 90-100% production is a long way off. The existing production with production increase to 3200 wont even happen until oil prices stabilize well above $60.00. There is no since going into production at a loosing price. Oil price will go back up. My guess would be it is looking to be about 6 months. JMHO
It will, just give it about 6 months.
It will go up, just a matter of when. I agree, probably about 6 months.
First gold pour at Red Lake's newest mine
https://www.northernontariobusiness.com/industry-news/mining/first-gold-pour-at-red-lakes-newest-mine-3222095
I dont see it posted on the board, but the Snowfield deal did close.
I do expect oil prices will rise significantly by the middle of 2021.
It wont be for long. The volume is totally gone and there is no reason for anybody to actually want shares.
This one is not looking so healthy. It may be that folks are catching on. Wow, a big 2,000 share volume today.
I know I am certainly not selling for a while.
Trading has looked a little suspicious the last couple of days. It could be my imagination, but it looks to me like somebody is shaking the tree to see if they can get some cheaper shares before the first pour.
Discovery at the Hanging Glacier Zone with 2.1 g/t Gold Over 102 Meters, including 9.5 g/t Gold over 13 Meters Demonstrates S...https://ih.advfn.com/stock-market/NYSE/pretium-resources-PVG/stock-news/83924757/discovery-at-the-hanging-glacier-zone-with-2-1-g-t
Thanks for the update. Great news.
Yes, and on time and under budget. That is the sign of a good management team.
Another nice day. We should hear something on their first pour in just a few more days.
Well I made $ on the last chunk I bought in the low.90s so when it went below $1.00 so I did it again. 6.31% in one day this time. I am still holding all of my original shares but between those two trades I have lowered my basis. I am generally not a flipper,but in this case I am a flip flopper. I read your post about Goldman Sachs. I dont heed anything they say. If you remember I posted documents showing that when they hype gold they are selling it and when the dog gold they are buying it (at least for that period of months). There was a trio of large banks doin that.
Very nice.
I thought we would get an update last Friday or today. They are expecting first pour before Christmas. https://www.mining.com/pure-gold-continues-to-hit-high-grades-underground-in-red-lake/
PVG can really knock a hole in their debt using their cash flow and the proceeds from the sale of snowfields. (if they choose to do so.)
I dont look for a whole lot of change until Covid is handled and demand for oil picks back up.
Pretivm to Divest Snowfield Property to Seabridge Gold for Cash Consideration of US$100 Million, a 1.5% Royalty and Contingen...
https://ih.advfn.com/stock-market/NYSE/pretium-resources-PVG/stock-news/83832273/pretivm-to-divest-snowfield-property-to-seabridge
Pretivm to Divest Snowfield Property to Seabridge Gold for Cash Consideration of US$100 Million, a 1.5% Royalty and Contingen...
https://ih.advfn.com/stock-market/NYSE/pretium-resources-PVG/stock-news/83832273/pretivm-to-divest-snowfield-property-to-seabridge
Just checking in. Looks like ET has turned the corner. Lets hope it stays that way.
We should be getting an update soon.
Not much to say here except patience.
I am always a buyer of this under $1. I now have more shares than ever before but unlike previous times will sell some into the next rally. I will always keep a healthy amount though.
With the discount for heavy oil it would not even be close to economically
feasible to restart production. Even with the expansion the price of oil would have to increase by nearly 50%. It will in time, but that is why the price per share is where it is right now.
Pure Gold Mining project video vividly highlights scale of potential at its Red Lake development as first production nears
https://www.proactiveinvestors.com/companies/news/934797/pure-gold-mining-project-video-vividly-highlights-scale-of-potential-at-its-red-lake-development-as-first-production-nears-934797.html
You are back in here? I am going to wait a while longer. Here is an interesting link though. https://seekingalpha.com/article/4387777-energy-transfer-setting-up-big-for-long-haul
Pure Gold Mining Reports Third Quarter Financial Results
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/776-tsx-venture/pgm/87570-pure-gold-reports-third-quarter-financial-results-3.html
The way I look at it I have currently avoided .41 in loss per share and can probably jump back in if I choose in the mid to $4.00 range.
Just my humble opinion.If not, I have my eyes on some other sectors.
I have now sold down to only 700 shares. I will keep them as a book-marker. I wish all here good luck and will still be following ET.
While I do agree "gas and oil will be around for years to come" the Dems will curtail production in the USA. While this will increase the price of available for oil and gas these increases will not benefit US pipelines.
IMHO if the election goes the wrong way this industry is dead or at least on life support for at least 4 years.