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An opinion from a blog that I follow :
February 4, 2022 8:57 am
BEA claims that January’s US Jobs Report was astoundingly positive, and the US Dollar rockets higher
Well, we all suspected that the manipulators at BEA in the department of Labor in President Biden’s cabinet would do this. The forecast was for a gain of 150,000 jobs and, despite the respected private ADP research team two days ago giving us a loss of almost half a million jobs in January, BEA reports a gain of +444,000.
Sorry, but not even Hollywood studios would buy this BEA nonsense. Something has to be done.
https://www.investing.com/economic-calendar/nonfarm-payrolls-227
So, it’s Dollar up and Gold down.
Should we have expected anything different? We even joked about this yesterday.
https://www.billcara.com/community/
Didn't seem like a problem when the stock was trading at $4.00 ...
My guess is that the "thieves" the company lined up to provide funding have been "shorting against the box" all this time
driving the price down so they will be issued more shares for their funding .
What do they need this funding for with all the supposed cash they report in their filings ???
Smells to me like poop .
Stay safe >> M
Fresh S-1A has been posted : https://www.otcmarkets.com/stock/WETH/disclosure
Promissory notes now included : https://www.otcmarkets.com/filing/html?id=15512074&guid=AQCwkFzAdOaFJth
GO TEAM ...
90 days after the fiscal year end date ....
https://www.otcmarkets.com/stock/SMURF/disclosure
Woot , Woot ...
Stay safe >> M
Sellers lowering their offers with bigger blocks now ... To what end ?
Stay safe >> M
10 year high on the 10 year anniversary . Now that's something ...
Playing the "long game" I see ... LOL
Stay safe >> M
Oh my $FHAI Pink Current today . https://www.otcmarkets.com/stock/FHAI/disclosure
Well , forced patience was not what I had in mind .
Not much of a choice as I am very "under water" with this stock .
Have you looked at the chart recently ?
https://ih.advfn.com/stock-market/USOTC/pure-gold-mining-pk-LRTNF/chart
Stay safe >> M
Agree . However , now-a-days ... no good news goes unpunished ...
Stay safe >> M
PureGold Definition Drilling Confirms High Grades in Upcoming Stopes.
Current mine plan reinforced by new infill intercepts including 21.1 g/t gold over 4.0 metres and 20.7 g/t gold over 3.0 metres .
https://www.otcmarkets.com/stock/LRTNF/news/story?e&id=2104504
Wish these guys would either sh*t or get off the pot ...
Stay safe >> M
Tax loss selling in January ?
Or did someone read the latest report ?
Stay safe >> M
I prefer to not be reminded of my trading mistakes ...
Stay safe >> M
How long before stock is halted though ? Difficult to get restarted if that happens .
Stay safe >> M
Heavens no , keep buying man ...
Stay safe >> M
Something must be ready to pop with this price / volume increase ... RIGHT ???
Stay safe >> M
So ... "SPOILER ALERT" .. An honest opinion from a guy I follow ...
"Changes at Pure Gold Mining (PGM.V)(LRTNF)(PUR.L)
The year 2021 was a tough one for most of us but few mining companies experienced more problems than did Pure Gold Mining.
Maybe the Company’s internet home page gives us a clue to the brains or lack thereof who were running this company.
PureGold is a Growth Company
Our Mandate is pure and simple. To dream big. To colour outside the lines. To use smart science and disciplined creativity to achieve exponential transformative growth, in both size and scale of our multi-million-ounce gold deposit.
Our Phased Organic Growth Strategy is also pure and simple, and financially solid.
Our Phase One Mine is just the beginning. Our growth will be fueled by our aggressive and highly-successful exploration drilling program along our 7-kilometer-long Gold Corridor.1 More than one million metres of drill results confirm that this Gold Corridor has similar rock, structure, and geology as the famous Red Lake Mine Complex right next door – mines that have produced over 25 million ounces of high-grade gold, valued at over USD $50 billion dollars in today’s market.1,3,8
Our World View?
Dream Big.
Sounds much like the same nonsense peddled by the Canadian cannabis operators with much the same results in the market.
PGM.V closed Dec. 31, 2020 at C$2.58, and closed Dec. 31, 2021 at C$0.68, which happens to be a loss of -73.64% for those who were holding, including me, at least for a few shares that I didn’t sell along the way.
We investors weren’t dreamers. We simply bought the news release hype that this mine would become one of Canada’s finest Gold mines when all we could later see were missed guidance, operational difficulties, and dilutive share issuances at highly dubious prices and timing that perhaps the Ontario Securities Commission might care to investigate.
Today the Company issued another news release. This one announces the replacement of the CEO and CFO Darin Labrenz and Sean Tetzlaff. I don’t know the new people, Troy Fierro and Chris Haubrich, except that Haubrich had been a vice-president.
Not being on the inside like Eric Sprott and many others who knew far more than the public of what was truly going on, I will venture a guess that many greedy parties were involved in daily warfare at Red Lake.
The Company also reports that “following operational improvements at the mine, it is now targeting daily production of between 600 and 700 metric tons for the first quarter of 2022”. They say that Q4 daily production of 556 tons yielded a total of 7,657 oz of Gold.
If that’s the rock doing the talk, then investors have been badly let down.
On Oct. 27, I reported: “Today, the Company reported improvement in several areas:
Production highlights and milestones for the third quarter include:
• Average daily throughput of 685 tpd for the quarter, a 35% increase compared to the second quarter driven by increased stope access and mill upgrades;
• Gold production of 9,260 ounces, a 54% increase compared to the second quarter driven by higher grades and increased tonnage…
Maybe the Company forgot what they reported after Q3, and maybe they simply don’t care when they look into your face and lie?
It’s not as if several of us here including Goldbug58 and Scott were not questioning the falling share price of my once “favorite mine developer”. You can find that via the Comment Search function on this page.
Anyway, I kept a few shares through year-end to remind myself that (i) mining is a tough business that often goes sideways, and (ii) the first report of problems there early in 2021 should have led me to accept the possibility of a worst-case scenario where insiders were painting lipstick on a pig.
Is there hope for the shareholders? I wouldn’t know. You’ll have to ask the insiders, including those who didn’t quietly or illegally (i.e., without reporting) off their stock during the year. Clearly, somebody was selling throughout the year.
My guess is that the insiders who still own and control the management of this Company are now trying to work out a self-benefitting deal to sell the asset to a mining company in the Red Lake area that is professionally run. That’s usually how these things go."
https://www.billcara.com/community/
Sure wish something would help kick this company in gear ...
Stay safe >> M
PureGold Transitions to Operational Leadership Team and Provides Project Update .
https://www.otcmarkets.com/stock/LRTNF/news/story?e&id=2093030
So , you chose NOT to read the article ?
Well , THAT's a kick in the nutz ...
Not as if we weren't forewarned ...
Just didn't want to believe it ...
Stay safe >> M
Bullion Banks pre-market smack down getting old . What's changed since last week ?
We'll never see share price increase at this rate ...
Stay safe >> M
No idea , but my guess would be "traders" are hoping this might be THE bottom ... ???
But all I see is the continued dumping to the bid with an occasional buy at the ask .
Crazy trying to figure this one out with NO help from the company ...
Stay safe >> M
GOLD starting to recover lately . Will Pure Gold do the same ??
Or will we have to wait until the beginning of the new year ?
We'll see I suppose ...
Stay safe >> M
Yup , I don't know whether to laugh or cry ...
Stay safe >> M
Name change to Microalliance Group Inc. coming :
https://www.otcmarkets.com/filing/html?id=15441870&guid=oXSwkpTaeCOMOth
Maybe price will reach $17.50 ... That would be nice ...
Stay safe >> M
Oh great , another S-1/A ... We're going to the Nasdaq .. Yippie ! ! !
https://www.otcmarkets.com/filing/html?id=15441243&guid=6xfwkpJOCvMzUih
You figure out what it says .. LOL
Stay safe and happy holidays ... >> M
So , now at .0001 . Another coulda been , turned disaster .
Stay safe >> M
CDEL pissin' himself tryin' to sell some shares ... L O L ...
Stay safe >> M
Some action now ... Go getum... LOL .
Stay safe >> M
https://ih.advfn.com/stock-market/USOTC/fountain-healthy-aging-pk-FHAI/historical/more-historical-data
I averaged down with BR*RN and where did THAT get me ?
Stay safe >> M
Some good deals scooped up today .......potentially that is ...
Stay safe >> M
Looks like some relief may be on the way ...
Stay safe >> M
The beat down continues . 52 week low this morning ...
2 pm today will set the future direction . Place your bets or wait it out .
Stay safe >> M
Why would the "government" be honest ? They exclude food and energy from those stats because who needs them anyway ???
Total BS , I agree with you completely .. The manipulation continues daily .
Wait until Powell lets loose with his "spin" tomorrow ... Should be something .
Stay safe >> M
US Producer Price Inflation is soaring, and above expectations .
PPI actual = +9.6% Y/Y vs +9.2% expected and +8.8% actual a month ago.
Precious metals getting hit hard today as a result ... Oh my ...
Stay safe >> M