Palmaris Capital Share Discussion Threads

[azalea] 27/8/2003 18:44

The share price has come off 0.5p recently for whatever reason/s. However, with the gold price hitting $US371 and the likelyhood of it going further as world cash liquidity seeks a safe haven it should show in a bounce back up sooner than later. One could have been excused for thinking an earlier post talking of the price being at $US 400 was a theoretical excercise, others on the 'gold thread' have me thinking its not so far fetched. This share will have have its day in the next 12 months I have no doubt and when it does its going to be the beginning of a very wealthy and healthy relationship.

[shearluc] 21/8/2003 16:33

Definitely something afoot! Suspect MMs are trying to shake out some stock ahead of thw time!

[buba] 21/8/2003 13:12

Have to agree very suprising at the apparent lack of interest,however WINS has moved the price up so maybe something afoot re news.Lets hope so.

[selowen] 21/8/2003 09:20

Thanks for your info both of you. I'm surprised at the low volume in this share and low number of participants on this BB. Having said that it's probably a good sign!

[karzy] 21/8/2003 03:01

Make that 1c, tracking mrx in Oz

[karzy] 21/8/2003 02:56

THE East Lothian courier ran an article on the 15th of August stating that Blindwells was more or less rubber stamped for 1600 houses, you can find it on www.scottishcoal.co.uk. PSV up 0.5c as I print.

[azalea] 20/8/2003 21:28

selowen
In purely maths terms and based on IC figures, this might make sense -

When Perseverence was @ 19 cts, the discount to the value of the gold IN the ground was 77%, on that basis 19 cts = 23%. 77% x 19 = 63.6 cts.
23

Add in the 19 cts = 82 cts non discounted Perseverence share price.


What I do not know is what the price of gold was when the value of the gold IN the ground was set at 82cts and what other factors might have been taken into account. Assuming the value IN the ground was based on US$350, if the gold price moves to US$400, then Perseverence could be worth another 10% = 90 cts.

[selowen] 20/8/2003 11:02

any ideas on value if gold goes to $400 per ounce? Obviously will depend on the extent of the Perseverance move, but is it reasonable that Perseverance could go to $1 dollar aussie?

[karzy] 20/8/2003 01:51

Perseverance at 27c this morning up over 5 times since it's low of two years ago.

[karzy] 18/8/2003 02:57

Perseverance up to 24.5c this morning, 5 sellers at 25c then very little to stop it after that.

[azalea] 13/8/2003 22:42

Yep, PMS up 10% today, 1p a day is fine by me. When this share gets a wider audience after the results and they twig on to what its got going for it, there is going to be some fun and games watching this one go up. It is just as incredible to realise that Perseverence is valued at such a huge discount on the Aussie mkt and is only now just beginning to narrow the gap. Thanks for the info karzy.

[karzy] 12/8/2003 08:19

Perseverance up 15% today to 23c, retesting recent highs. Full report, asx report, from Diggers and Dealers conference, including BIOX system. They still maintain that that they are sat on more than the one million ounces proven and probable so far. With pms holding over 34 million shares in psv or 25.8% it can only be good news for us.

[karzy] 11/8/2003 23:48

Looks like we still need fossil fuels, France suffering from power cuts because the cooling water is to "warm" for the nuclear power stations to work and 14% had to be shut down. This last winter Sweden had to reopen coal fired power stations because a prolonged drought shut down their hydro-powered stations. Coal could still be king.

[geologic] 11/8/2003 22:06

looking good...
Breakout soon?

[geologic] 11/8/2003 22:06

looking good...
Breakout soon?

[shearluc] 10/8/2003 09:18

I agree, when Perseverance release the bankable feasability study at end Q3 things should really take off!

[azalea] 08/8/2003 21:37

The Palmaris Capital train is pulling out of the station, get on board before it picks up speed and breaks all records next year? DYOR

[azalea] 01/8/2003 20:10

A move in the right direction albeit only 0.5p, but not to be sniffed at. Interestingly, the spread has widened 8.5-10p, which makes me think the MM do not want to get caught on the hop with results due next month!

[azalea] 30/7/2003 19:56

The string of 'buys' continue - a net total of 300k today with one of 175k. Over the month quite a lot of money has flowed in on these shares, which IMHO should begin to show in an upward movement in price.

[azalea] 27/7/2003 23:35

I agree, there are some very large stake holders, but like everyone else they are out to make money, in doing so they will make money for other investors like me. That said, do they have the resources to exploit the huge building project outside of Edinburgh, my guess is certainly not. Neither do they have the finances to put into Perseverence. Which convinces me that eventually one, or, even two bidders will move in to carve out the two quite different interests. To that end its only a question of the take out price being right! Until then, the increase in earnings and NAV will eventually have to be recognised in its share price.

[karzy] 27/7/2003 20:48

Can't see anybody taking it over,these boys are on a mission of their own and hold the reins,unless of course they take it private.

[karzy] 10/7/2003 02:50

Well that reads better than their interim report.

[karzy] 03/7/2003 21:23

Perseverance up to 20c this morning, begining to form a good looking chart.