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⛏ Saturday Horror Story
The Pure Gold Fiasco
Greetings Contrarian,
This is The Next Big Rush, your daily drop of mining / energy news. Where we come together and tell you stories to open your eyes and also inspire you.
Alright, since today is Saturday and your dear Editor is incommunicado in South America, we're bringing you, instead of a horror story in the past, a current horror story that could turn into a success story.
But first, we must do a deal.
If you like the story shared here by our good friend Tommy Humphrey's (exited founder of CEO.CA), you will share this email with at least ONE other investor in your circle.
Deal? (spits on hand...yuck)
Saturday Horror Stories
Shocking Firesale for Bankrupt Gold Miner
Frank Giustra’s West Red Lake Gold Mines (WRLG.V) is acquiring the Madsen gold mine in Red Lake, Ontario from Pure Gold Mining & Sprott Resource Lending for ~9% of its prior investment and ~2% of its Dec 2020 peak market cap. After the… httptwitter.com/i/web/status/1…p
— Tommy Humphreys (@tommyhump)
11:39 AM • Apr 17, 2023
The Editor,
P.S. If you like this story, please send it to a friend, and let them know they can sign up here:
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational/entertainment and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
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