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Results: PUR

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Pure Gold – Pure Tragedy: Why Has The FCA Not Pulled The Plug?

I am once again nursing a hefty hangover in the wake of too much Ouzo on Cornflakes with regard to sub-Standard-Listed Pure Gold (PUR). Having warned and warned over this situation, it now finds itself in the Canadian equivalent of bankruptcy protection, has closed its gold mine (so has no income, but you can bet the plc bills are still coming in), was $13 million short of technical solvency BEFORE debts owed to Sprott with regard to working capital and on Wednesday the Toronto stock exchange dumped its shares of the Venture exchange in favour of a NEX listing on that side of the pond. Why, oh why has the FCA – the (no sniggering at the back) regulator of the Standard List – not acted to suspend the shares over here, pending financial clarification?


Pure Gold – Pure Bullsh*t As Fat lady Warms Up In The Wings

Pure Gold, of the TSX-V (PGM) and LSE (PUR) has served up a technical report with updated mineral resource which sounds great until you remember that Pure Gold is in the middle of a strategic review and heading for the corporate knackers’ yard without a miracle. And this technical report with updated mineral resource is just pure bullsh*t in my view, aimed at ramping the shares to get another bailout placing away.


Pure Gold – Pure Ramping!

Pure Gold, of the TSX-V (PGM) and the LSE (PUR), updated the market with news that it has achieved record Gold production in August and reaffirmed Q3 guidance, driven (we are told) by record ore throughput and improved grades. The shares are up on the news by 12.6% to 7.6p (still a country mile below the 10.25p at which I said, last April, that it was certainly not one for me – and I am supposed to be a Gold bull!) but there is a massive fly in the ointment.

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