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Don't believe the President ever said there would be news release in 48 hrs, only that he looked forward to a briefing in 48 hrs.
Pretivm Reports Second Quarter 2020 Operating and Financial Results; Strong Production at Brucejack Generates Record Free Cash Flow
Second Quarter (“Q2”) and First Six Months (“H1”) 2020 Highlights:
Gold production – Q2: 90,419 ounces; H1: 173,307 ounces
AISC1 – Q2: $911 per ounce of gold sold; H1: $950 per ounce of gold sold
Free cash flow1 – Q2: $82.7 million; H1: $124.6 million
Uninterrupted operations through the COVID-19 pandemic
Achieved production milestone of one million ounces of gold
End of quarter cash balance: $124.7 million
Looks like they took out 3MM shares that had a 1.50 stop!!
Let’s hope it is soon:
From Bloomberg Law:
House Will Consider Pebble Mine, Renewable Energy Amendments
BY KELLIE LUNNEY
July 28, 2020, 4:37 PM
Spending package funds Energy, Army Corps
Amendments to boost solar energy, electric vehicles funds
The House this week will consider a Democratic amendment to must-pass legislation that would hamstring the Trump administration’s plans for a hotly-contested proposed mine in Alaska.
The measure (H.R. 7617) would ban the Army Corps of Engineers from using fiscal 2021 funds to issue a record of decision for the proposed Pebble Mine project in Alaska. A record of decision is the final step in the permitting process that either green-lights a project, quashes it, or approves it with certain conditions.
The Army Corps has said it plans to issue a record of decision on Pebble Mine this...
You called it, TTJ!! Bounced off 1.53 and is on its way back up (1.65 currently). Let's hope it continues!!
ROD was fairly straightforward since Congress had originally authorized a road through there. Even so 4 entities had to come together to finalize the ROD.
For NAK, Army just needs to coordinate with Coast Guard for ROD which should be fairly easy. ROD could come soon after mandatory 30 days.
1.90 now on recent large sells.
$NAK-I’ll drink to that....
8.3MM shares in first 15 minutes!
Momentum traders jumping in and out now. Couldn’t pass up a 20% increase this morning.
Agree completely. My silver stocks have been doing great, especially Fortuna Silver and Silvercrest, although not as great as NAK but some diversity is good.
At 2.40 with 20.7 MM shares
Has been trading 1.99-2.00 for some time now. Don’t see many high volume trades going through but a lot of 500-1000 share buys at 2
1.96 close with almost 19MM shares. May make 20 MM AH
What time is the meeting today and is it in Alaska?
July 24 is next Friday. Monday is the 20th.
You need a longer term perspective, not just a single day. Your nervousness makes me think that you might have too much of your capital invested in this one stock with not enough diversity. (Believe me, I've been there and done that - good way to get seriously burned.)
Blackrock filed a notice regarding their ownership of PVG shares. Don't know what the previous number was but probably significantly lower based on today's share price reaction.
Amount beneficially owned:
14,027,097
Percent of class
7.6%
Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) will release second quarter 2020 operational and financial results after market close on Wednesday, August 5th, 2020.
The webcast and conference call to discuss Q2 2020 will take place Thursday, August 6th, 2020 at 8:30 am PDT (11:30 am EDT) and can be accessed at www.pretivm.com.
Second quarter 2020 webcast and conference call details:
Thursday, August 6, 2020 at 8:30 am PDT (11:30 am EDT)
Webcast www.pretivm.com
Toll Free (North America) 1-800-319-4610
International and Vancouver 604-638-5340
Closing corrected to 1.50
According to Fidelity, there were 400k shares traded in the last 5 min between 1.50 and 1.52. Then they list the close as 1.39. Don't think so but need to wait for them to straighten it out.
1.35 close - ERROR???
How would that benefit PVG?
Shhh! We can’t discuss this on a public forum. If I told you that, then you know what I would have to do....
Pretivm Files Preliminary Base Shelf Prospectus
Source: GlobeNewswire Inc.
Pretium Resources Inc. (TSX/NYSE: PVG) (“Pretivm” or the “Company”) announces that it has filed a preliminary short form base shelf prospectus with the securities commissions in each of the provinces and territories of Canada.
The base shelf prospectus, together with a corresponding shelf registration statement on Form F-10 to be filed with the U.S. Securities and Exchange Commission, when made final or effective, will allow Pretivm to offer up to US$600,000,000 of common shares, debt securities, warrants, units, subscription receipts and share purchase contracts from time to time over the 25-month period after Canadian securities regulatory authorities have issued a receipt for the final short form base shelf prospectus.
This news release does not constitute an offer of any securities for sale.
Sorry to disappoint you but I turned that over to Officious along with the moderator duties.
IMHO, FEIS could be released any day now. Army had it essentially complete, only waiting on EPA and they capitulated. Army had already included their stated concern about lake and ferry with northern road the preferred route, so FEIS should be ready for release now.
(humble bow) Takes time but you’re a fast learner.
Stay tuned. As officious, the new moderator, has said, there’s still life in R&I, or whatever name results.
Up nearly 3% on below average volume. Wasn’t due to gold price which was only up fractionally.
EPA doesn’t seem overly concerned about anything other than the northern road and is complimentary to the Corps for having considered all their concerns.
Good news letter. Thanks for posting.
A thought-maybe the EPA rigged the environmental situation to make the lake route less advantageous and cause the Army to make NDM change route to one the EPA knows would be more contentious.
Keeps bouncing off 0.88 but hasn’t broken through as of yet, but down 10%+ from its high of three days ago.
Just blasted through 0.90 and continuing up.
Some profit taking setting in by the day traders. Can’t blame them after a 20+% rise.
Presentation was good but two years old. No problem loading.
1st quarter looks good. Guess investors thought so too as PVG currently up more than 9%.
I’m assuming in the offering that $ and 0.70 per share are in $C.
Northern Dynasty Announces $8.75 Million Offering
April 29, 2020, Vancouver, BC – Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE American: NAK) (“Northern Dynasty” or the “Company”) is pleased to announce that further to its previously announced over-night marketed public offering (the “Offering”) of common shares of the Company (the “Offered Shares”), it has entered into an underwriting agreement with a syndicate of underwriters led by Cantor Fitzgerald Canada Corporation (“CFCC”), as sole bookrunner, and including BMO Nesbitt Burns Inc., H.C. Wainwright & Co., LLC and TD Securities Inc. (collectively with CFCC, the “Underwriters”) to sell 12,500,000 Offered Shares at a price to the public of $0.70 per Offered Share (the “Offering Price”) for gross proceeds of $8.75 million. The Company has granted to the Underwriters an option (the “Over-Allotment Option”), exercisable in whole or in part, in the sole discretion of the Underwriters, for a period of 30 days from and including the closing of the Offering, to purchase up to an additional 1,875,000 Offered Shares at the Offering Price. If the Over-Allotment Option is exercised in full, the total gross proceeds to the Company will be approximately $10.1 million.
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n addition to the Offering, Northern Dynasty is proposing to undertake a non-brokered private placement of common shares of the Company at the same price as the common shares are sold in the Offering, for gross proceeds to the Company of up to $7.0 million (the "Concurrent Private Placement"). No commission or finder's fee will be payable to the Underwriters in connection with the Concurrent Private Placement. Common shares issued pursuant to the Concurrent Private Placement will be subject to applicable resale restrictions, including a four month hold period under Canadian securities legislation. Closing of the Concurrent Private Placement is subject to the approval of the TSX and the NYSE American stock exchange. Closing of Offering is not conditional upon the closing of the Concurrent Private Placement and closing of the Concurrent Private Placement is not conditional on the closing of the Offering.
650,000 shares traded in the first 15 minutes with price above 0.62....
BRUCEJACK UPDATE
Looks like the 2020 update uses a lower average grade resulting in reduced PVP.