OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Touring the Rockies
https://railpictures.net/photo/832003/

Puregold did do a Feasibility Study but Rubicon did not. Didn’t seem to help PGM much.

https://www.globenewswire.com/news-release/2019/02/11/1716438/0/en/Pure-Gold-Announces-Positive-Feasibility-Study-for-the-Madsen-Red-Lake-Gold-Deposit.html

https://financialpost.com/commodities/mining/lessons-from-the-meltdown-of-rubicon-minerals-corp

I got beat up on Rubicon as well. With PGM they had such a good story that that is the reason I think I stayed too long. re: management you may well be right, I think PGM skipped some steps in the process so they could get into production faster. Big mistake!

Kind of funny and I forget how but somehow I ended up with shares in West Red Lake Resources who picked up the PGM properties for a song and a dance. Mucky Muck Frank Giustra is heavily involved and may make it work. I only have a few shares of this.

Red Lake Camp keeps giving as Frank Giustra-backed explorer hits bonanza gold

Cheers

I salvaged a bit with Rubicon Minerals but, with Pure Gold I refused to budge and got wiped out,  Both stocks were about 3x my normal position so, I got badly hurt. Interesting. in that both stocks lacked management that had prior  production experience,

The share price just kept getting weaker and weaker. This was an important tell that things were not going well and I should have sold earlier. I got out but not until being severely bruised. Talk about a ton of hype with poor results!

I’ve mentioned this one a few times in the past. I first bought it a few years ago for I think around 70 or 80 cents, then they went to the dollar plus area. Then they announced they were building their mine and got clobbered for quite a while. I bought more recently in the 30 cent area. They started doing better but then a week ago they announced a 25 million bought deal and some other funding and they got clobbered again … but now something has happened and they’re flying. They’re supposed to have their first pour in the first quarter of 24 and be in commercial production some months after that.

Just guessing but I’d say that their start up must be going well to have such appreciation in the past few days.

Daily chart

Weekly chart

PS Do your own due diligence. The mining shares can be harmful to your financial health.

https://www.dailymail.co.uk/news/article-13019067/Richard-x-bove-dollar-collapse-china-money-superpower.html

James Kunstler has a pretty good “conspiracy theorist’s” view of what’s going on.

The Next Big Thing

But I have not had as much success as in the old days when my trading partner, Barney, was still alive.  Some of you may remember him from the old days.

aurum

Good for you to have the hindsight to not buy and hold the pm stocks…..

I certainly could have done a much better job of trying to trade them, instead of buying and holding.

It’s a perfect example why these nut cases of WEF WHO UN will not be the sole focus when there’s still enemies from within destroying our country  running a mock.

Market Manipulators, corruption everywhere were going on way before them. Many of them in the past were addressed and some were hung but now it seems they have free rein. The others are a mere distraction. We have to clean up our own back yard first or they will just sabotage our efforts. These politicians who are suppose to be representing us first and foremost kind of reminds me of a idiot who has a what they would call a more powerful or aggressive breed in and find amusement with letting it lunge at people and other dogs or cats.

Next thing you know because of that one or two idiots using their dog as a weapon teaching the dog to harm other dogs and threaten humans gets the dog put down because of them instead of putting them down and all dogs of that and other powerful breeds gets banned. They were all depending on and cooperating with each other because they loved their pets so this wouldn’t happen, but a few idiots screwed it up for everyone else because they thought they were all that when they had power in their hands and misused it.

I do not agree about the pm stocks.  While I have had a few disasters, I have been quick to pull the plug so that they did not get too far away.  Sure some turned around and did well and a few times I rebought.  But I have been successful bottom line.

It is true that I have been out  of pm stocks more than in them as I am not a buy and hold investor of any stocks.

i think we are stuck with a play on whether they can stay in power…..If the Blob/Globalists get taken down, then the Rig falls as well, as that is what makes the world ‘look’ sane…..without the Rig then their madness would be ripped apart by the mkts….as it is the mkts do not function…..

so yr election is basically the big test….

I just wish I knew back in 2008, what I know now……

That the rig will never end until they simply can’t do it for whatever reason. We just don’t know what that exogenous event will be.

In the meantime, physical is the only place to be IMHO. I’ve said it before, wish I had never bought any of these garbage mining shares

🤡🌎 pic.twitter.com/urpphmLtfk

— Wall Street Silver (@WallStreetSilv) January 29, 2024

Expanded IP Surveys Outline an Additional 600m Strike Length to the Major Mineralized Corridor at Eloro Resources’ Iska Iska Project, Potosi Department, Southwestern Bolivia

https://finance.yahoo.com/news/expanded-ip-surveys-outline-additional-110000003.html

MAG Silver (MAG) Reports Solid Production at Juanicipio

https://finance.yahoo.com/news/mag-silver-mag-reports-solid-032000349.html

Blackrock Silver Closes $5.75 Million Bought Deal Financing; Over-Allotment Option Exercised in Full

https://finance.yahoo.com/news/blackrock-silver-closes-5-75-174600590.html

Orogen Royalties Provides Year-End Royalty Update and 2024 Forecast

https://ceo.ca/@accesswire/orogen-royalties-provides-year-end-royalty-update-and

Nord Precious Metals Resumes Permitting Process for Castle, Paving the Way for a Bulk Sample

https://ceo.ca/@thenewswire/nord-precious-metals-resumes-permitting-process-for

Kuya Silver Intersects 12,200 g/t Silver, 0.17% Cobalt (12,264 g/t AgEq*) over 0.40 m on Angus Vein Drill Hole and Announces New Cobalt-Silver Rich Discovery in Step-Out Drilling at Airgiod Property, Silver Kings Project, Ontario

https://ceo.ca/@newsfile/kuya-silver-intersects-12200-gt-silver-017-cobalt

Silver Storm Drills 1,000 g/t Ag.Eq Over 5.25 m

https://ceo.ca/@newsfile/silver-storm-drills-1000-gt-ageq-over-525-m

Kirkland Lake Discoveries Signs Cooperation Agreement with Beaverhouse First Nation

https://ceo.ca/@newsfile/kirkland-lake-discoveries-signs-cooperation-agreement

Sun Summit Obtains Conditional TSX Venture Exchange Approval for Option to Acquire JD Project

https://ceo.ca/@newsfile/sun-summit-obtains-conditional-tsx-venture-exchange

Cartier Silver Announces $2 Million Financing

https://ceo.ca/@globenewswire/cartier-silver-announces-2-million-financing

Callinex Announces Magnetotelluric (MT) Geophysical Survey at the Pine Bay Project, Flin Flon Mining District, MB

https://ceo.ca/@newswire/callinex-announces-magnetotelluric-mt-geophysical

High-Grade Extension of Target Block Confirmed at Nalunaq

https://ceo.ca/@accesswire/high-grade-extension-of-target-block-confirmed-at-nalunaq

Barrick Continues to be a Major Value Creator for Mali

https://ceo.ca/@globenewswire/barrick-continues-to-be-a-major-value-creator-for-mali

Galleon Gold Engages ICP Securities Inc. for Automated Market Making Services

https://ceo.ca/@newsfile/galleon-gold-engages-icp-securities-inc-for-automated

Belmont Provides A-J Gold Project Drilling Update

https://ceo.ca/@thenewswire/belmont-provides-a-j-gold-project-drilling-update-db843

Amazing where they built a railroad
When there are silver mines up there.
https://railpictures.net/photo/831852/