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PML Papua Min

0.825
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Papua Min LSE:PML London Ordinary Share GB00B42TN250 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.825 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
0.80 0.85
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.825 GBX

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Date Time Title Posts
22/6/201813:26Papua Mining plc520
19/11/201610:38Papua Mining plc (PML) Another PUMP & DUMP BY 21TRADER AKA MULTIPLE BANNED USER-
08/11/201611:13Papua Mining plc56

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Posted at 22/6/2018 13:23 by dreamtwister
looking to invest,is pml ticker valid or is it rock !
Posted at 24/5/2018 07:47 by paleje
I don't think the market 'sold off' zhockey, just dwindled because it's what AIM does on low vol and news. Your tongue in cheek comment, 507, was spot on.

More news out for Lighthouse today:-

Chief Executive Officer of Papua Mining, David Price commented:

"The area known as Redwing had been sampled by previous explorers using inappropriate sampling techniques, which resulted in poor gold results from 4 isolated rock samples. Based on recent mapping, PML's geologists considered that historical work did not adequately test the potential of the veins. Our geologists have since tested the veining with systematic, continuous rock chip sampling. The results are most encouraging and open up a new area for exploration within trucking distance to an operating processing plant. A 10m wide vein at surface, with an average grade of 1.68 g/t Au is an exciting new discovery in a highly-mineralised province.

The Company continues to implement its strategy of systematically testing each of the prospects within our portfolio of tenements in Queensland. At Lighthouse, there are multiple opportunities for identifying significant resources and it is important to test them in a logical and scientific manner.

Our exploration team is busy on a number of simultaneous programs, including mapping and rock sampling, geophysics and preparation for drilling within the week. The Company would like to take this opportunity to thank the Landowners associated with our projects in Queensland, all of whom are particularly cooperative and indeed very helpful"
Posted at 10/1/2018 12:23 by zhockey
I had a close look at PML as I was primarily interested in the Copper assets. The gold prospects I do not see as particularly interesting, as it's low grade they will have to do a huge amount of drilling to prove up a resource and their current cash will not go very far. I assume their strategy is to do enough to to lift the price in order to raise funds, this is fine but based on results like today's I'm not sure it will be enough. In order to get the share price up they would need to do some serious extensional drilling and then infer the resource is contiguous. My gut feel is that they would need several times the current mcap in funding to get any kind of momentum going.

As for the deep intersections, I'm not convinced it would be economical to mine those, the grade is fairly low and there appears to be a gap between the shallow and deep ore. This again needs a lot more drilling to prove up.

As for the copper, this is where I would focus but it's obviously a lower priority than the gold.
Posted at 20/11/2017 17:15 by x54v
Good to see a few buying the dip today. Hopefully this will be the end of the short term weakness and price will start to head higher once more. Investment case still intact despite the naysayers trying to persuade people otherwise in order to get a low price:

---

x54v - 01 Nov 2017 - 20:00:57 - 123 of 340 Papua Mining plc - PML
PML continues to offer a great opportunity for investment at these levels. It's easier to build a decent sized position at the lows whilst short termers sell due to boredom. Building a position at lows and holding as the story unfolds and the share price rises is certainly a more profitable strategy than chasing spikes.

So what makes PML shares a good investment?

Cashed up - the company has £1.39 million cash after the recent fund raising. This is a sizeable war chest which can be used to create value and drive a much higher share price.

Skin in the game - the directors own 28.6% of PML. Most recently they invested £267.9k in the placing. That really is a significant sum to invest in such a small company. Their fortunes are closely aligned with those of the shareholders and as such they are financially motivated to drive the share price upwards. By investing such a large amount in the company they have also shown a real vote of confidence in the new strategy.

Paul Johnson - a key investor and director. He has shown the Midas touch with the likes of CON and GGP which have multi-bagged in a short period and where he built up positions at lows. More recently THR (where he is also a director and shareholder) has started to move up rapidly on significant volume. PJ has built up a 5.5% stake in PML and will help engineer a rising share price by attracting a wider audience and helping influence the board.

Assets - PML has world-class gold and copper assets in Australia and Papua New Guinea. The recent acquisition significantly transformed PML's asset base and all 3 projects hold the potential to be fast-tracked.

Newsflow / potential catalysts - plenty of near term newsflow is likely starting with ground exploration at the Lighthouse Project where there is the potential for a mineralised gold system in an area with excellent historical drilling results.

Low market cap - PML is a sub £5m micro-cap. With such a low capitalisation it doesn't take that much in the way of good news to multiply the share price several times over. With good newsflow, there is the possibility of a multi-bagger here.

Chart - the price has been basing sideways for several months now. Sideways bases can often act as the precursor to a significant and sustained rise when price breaks above the top of the base e.g. see the 2 year charts of BMN, IQE, GAW, GGP, ZOO etc.
Posted at 17/11/2017 22:52 by x54v
Oh dear, 2magpies really does seem to have a deep seated need to be "right". How sad.

In his own twisted mind he thinks he is right because the share price is down a bit...in the very, very short term.

But all my posts were nothing to do with the short term. I was highlighting what I see as the large upside potential in the LONG term. Nothing has changed. A few placees have sold in an illiquid stock and that has unsurprisingly caused the share price to fall temporarily. But the long term prospects are still there. And the reward:risk is even better.

2magpies will be singing the praises of the stock before long when he has picked up his line of stock. Which as we all know is what he is looking to do.

"Sadly some idiot rampers think they can influence the sp!"

Well isn't that a case of pot, kettle, black. 2magpies has been on this thread constantly for the past week talking the share down. Why would he do that if he thinks that anyone can influence the share price. That would be idiotic, wouldn't it lol
Posted at 10/11/2017 10:06 by x54v
PML still totally under the radar and offering a great opportunity to pick up stock before a significant potential rise. Here's what makes the shares a great investment imo:

Cashed up - the company has £1.39 million cash after the recent fund raising. This is a sizeable war chest which can be used to create value and drive a much higher share price.

Skin in the game - the directors own 28.6% of PML, not far off 1/3 of the entire company! Most recently they invested £267.9k in the placing. That really is a significant sum to invest in such a small company. Their fortunes are closely aligned with those of the shareholders and as such they are financially motivated to drive the share price upwards. By investing such a large amount in the company they have also shown a real vote of confidence in the new strategy.

Paul Johnson - a key investor and director. He has shown the Midas touch with the likes of CON and GGP which have multi-bagged in a short period and where he built up positions at lows. More recently THR (where he is also a director and shareholder) has started to move up rapidly on significant volume. PJ has built up a 5.5% stake in PML and will help engineer a rising share price by attracting a wider audience and helping influence the board.

Assets - PML has world-class gold and copper assets in Australia and Papua New Guinea. The recent acquisition significantly transformed PML's asset base and all 3 projects hold the potential to be fast-tracked.

Newsflow / potential catalysts - plenty of near term newsflow is likely starting with ground exploration at the Lighthouse Project where there is the potential for a mineralised gold system in an area with excellent historical drilling results.

Low market cap - PML is a sub £5m micro-cap. With such a low capitalisation it doesn't take that much in the way of good news to multiply the share price several times over. With good newsflow, there is the possibility of a multi-bagger here.

Chart - the price has been basing sideways for several months now. Sideways bases can often act as the precursor to a significant and sustained rise when price breaks above the top of the base e.g. see the 2 year charts of BMN, IQE, GAW, GGP, ZOO etc.
Posted at 05/11/2017 23:05 by x54v
The company certainly has good assets especially those recently acquired and I'm sure attention will be currently turned there.

I do personally think that Pilbara would be an additional worthwhile area of focus, even if not a primary one.

As a comparison, THR also has good assets which it has been focussing on, but the announcement the other day that it is considering an acquisition in Pilbara as something new put a rocket under the share price.

The large increases in price and volume mean that the move has generated lots of extra interest in the company all of a sudden i.e. Pilbara has effectively been a means of advertising the company. Word quickly spreads, more and more folk who might not previously have noticed THR are suddenly interested, they buy in and up goes the price and volume which in itself attracts other potential buyers.

As an investor what I'm interested in is a rising share price. Anything which can potentially attract new investors and help drive the price higher is therefore of interest.

As mentioned earlier, it needn't be a primary area of focus. THR has other primary areas of focus and is considering Pilbara as something extra. No reason that PML can't manage something similar imo.
Posted at 04/11/2017 09:33 by x54v
The recent placing was used partly to pay for the exciting BGM prospects in Queensland which have significantly transformed PML's asset base.

However after paying for those, there's still a whopping amount of cash left over: £1.39 million.

"The balance of £1,390,000 (before expenses) to be applied to working capital for Papua and its diversified portfolio"



PJ is clearly very aware of the excitement around the Pilbara gold rush and keen to get in on the action judging by his tweets:



With him having gone out his way to ensure that the companies where he is currently director and significant shareholder (THR, MNRG) have Pilbara exposure, could the same happen with PML I wonder?

It would make sense: the company has that huge £1.39 million cash balance waiting to be used, Pilbara is a hot area and PJ is a director, significant shareholder and person of influence on the board of PML.

Any word of such a move could well be the catalyst to drive the share price sharply higher from here. It certainly seems to have worked with THR with the share price showing strong price and volume gains since the recent announcement of a possible Pilbara acquisition.
Posted at 01/11/2017 20:00 by x54v
PML continues to offer a great opportunity for investment at these levels. It's easier to build a decent sized position at the lows whilst short termers sell due to boredom. Building a position at lows and holding as the story unfolds and the share price rises is certainly a more profitable strategy than chasing spikes.

So what makes PML shares a good investment?

Cashed up - the company has £1.39 million cash after the recent fund raising. This is a sizeable war chest which can be used to create value and drive a much higher share price.

Skin in the game - the directors own 28.6% of PML. Most recently they invested £267.9k in the placing. That really is a significant sum to invest in such a small company. Their fortunes are closely aligned with those of the shareholders and as such they are financially motivated to drive the share price upwards. By investing such a large amount in the company they have also shown a real vote of confidence in the new strategy.

Paul Johnson - a key investor and director. He has shown the Midas touch with the likes of CON and GGP which have multi-bagged in a short period and where he built up positions at lows. More recently THR (where he is also a director and shareholder) has started to move up rapidly on significant volume. PJ has built up a 5.5% stake in PML and will help engineer a rising share price by attracting a wider audience and helping influence the board.

Assets - PML has world-class gold and copper assets in Australia and Papua New Guinea. The recent acquisition significantly transformed PML's asset base and all 3 projects hold the potential to be fast-tracked.

Newsflow / potential catalysts - plenty of near term newsflow is likely starting with ground exploration at the Lighthouse Project where there is the potential for a mineralised gold system in an area with excellent historical drilling results.

Low market cap - PML is a sub £5m micro-cap. With such a low capitalisation it doesn't take that much in the way of good news to multiply the share price several times over. With good newsflow, there is the possibility of a multi-bagger here.

Chart - the price has been basing sideways for several months now. Sideways bases can often act as the precursor to a significant and sustained rise when price breaks above the top of the base e.g. see the 2 year charts of BMN, IQE, GAW, GGP, ZOO etc.
Posted at 18/9/2017 11:40 by cpap man
PML



Papua Mining plc



("Papua" or "the Company")



Proposed Acquisition of BGM Investments Pty Ltd ("BGM"),

conditional Placing to raise up to £2,000,000 through the Placing of up to 133,913,044 New Placing Shares and

Placing of 40,000,000 Thalassa Placing Shares and

Proposed Board Changes



Papua Mining (LON: PML), the natural resource exploration company, is pleased to announce a proposed strategic acquisition of precious and base metal interests in Australia.



Highlights:



- Conditional acquisition of BGM, a private Australian company with three projects covering gold, copper, silver and zinc exploration targets in Queensland, north eastern Australia;



- Acquisition cost of £648,000 payable through the issue of 52 million Papua shares at 1.15p per share (totaling £598,000 in shares and fixed at the mid-market price at the time the transaction was provisionally agreed) together with £50,000 cash;



- Conditional placing to raise £1.85 million at 1.15p per share which includes the proceeds of the disposal of 40,000,000 Ordinary Shares by Thalassa Holdings Limited. The balance of £1,390,000 (before expenses) to be applied to working capital for Papua and its diversified portfolio;



- In addition, Michael Somerset-Leeke, a director of the Company, has indicated an intention to subscribe for up to £149,500 of new shares at a price no less than the proposed placing price of 1.15p per share;



- Proposed appointment of David Price and John Haggman, both current shareholders and directors of BGM as CEO and Technical Director respectively. Paul Johnson becomes a new non-executive director;



- Proposed board members to invest £118,400 in the Placing;



- The Company intends to use the net proceeds of the Placing to carry out further exploration of the licences in Queensland and maintain the Company's projects in PNG; and



- Transaction subject to shareholder approval at a General Meeting. A circular and notice of General Meeting is expected to be published shortly.



Hugh McCullough, Director of Papua Mining commented: "After an extensive search for new opportunities we are delighted to announce this proposed acquisition, which we believe will refresh and reinvigorate Papua Mining.



Our work in Papua New Guinea has advanced materially our knowledge of the targets in country where we are searching for high-impact copper porphyries, and following that work we now have an extensive geological database that we believe holds considerable value.



We recognise however that the market is keen to see the Company broaden its interests and consider the project portfolio of BGM is ideally placed to deliver rapid yet moderate cost exploration findings in a well-known and highly prospective area of Australia.



The balanced mix of interests, with copper, silver, zinc and gold at the core, provides inherent resilience with the robust strength in copper and zinc commodity pricing of late, complemented by the protective nature of precious metal - gold interests should there be a flight to safety reflecting world political and economic events.



I would like to thank shareholders for their continuing support, and welcome our new shareholders as we embark on this exciting opportunity in Australia.



I would also like to thank the outgoing directors who have served, for little or no compensation, during the turbulent times of recent years given the difficult market for resource juniors."
Papua Min share price data is direct from the London Stock Exchange

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