Mining Review Sunday Update 15th May 2022
A truly awful week for investors in mining stocks and precious metals, as the strong US dollar pushed down the price of gold, silver, stocks, and bonds.
Chinese copper stocks are low, but the price of copper continues to fall. […] Continue reading
Pure Gold Mining (AIM: PUR / TSX.V: PGM)
What a shambles of a story Pure Gold Mining has become, after such a promising start.
A financing at C$0.15 cents per share has dragged down the share price to a new low as the company desperately scrambles to rebuild their treasury. […] Continue reading
The company reported an operations update and guidance for the remainder of 2022, which included the requirement to raise another C$50 million, which spooked the market and the shareprice slumped as a result.
By announcing the financing in advance, the price has sold off and obviously this has disadvantaged current holders as they will be diluted further as a result of a discounted placing. […] Continue reading
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