Papua Min Share Discussion Threads

[dreamtwister] 22/6/2018 13:23

looking to invest,is pml ticker valid or is it rock !

[paleje] 21/6/2018 08:11

Name change going to need a new thread, 'ROCK' might not have been best choice...several threads already using it

[paleje] 14/6/2018 14:58

Maybe zhockey, although why sell just because of that.

Meanwhile serious buyers quietly stake building.

Papua Mining plc (the "Company") was notified on 14 June 2018 that Nicholas Walley had a beneficial holding of 31,015,800 ordinary shares of the Company, representing approximately 9.03 per cent. of the issued share capital of the Company.

[zhockey] 08/6/2018 11:28

Ex directors selling into volume perhaps?

All news of late has been very good but relentless stock available.

[zen12] 08/6/2018 08:19

Could be hugh rns extract ‘.. A strongly resistive feature which surrounds One Mile Mountain is a possible vein system and perhaps the source of the surface geochemical high grade gold.’

[daar] 08/6/2018 08:03

Good set of results

[zhockey] 08/6/2018 07:54

Are the outgoing directors going to start offloading their stock?

[paleje] 08/6/2018 07:38

Well done David and team, picture improving all the time it seems to me, a good board appointment this week and this morning's RNS to round the week off.

[zhockey] 24/5/2018 08:35

News not worth the rise IMO. Rock chips are only an indicator and at that grade do not mean much. They need to drill 1000s of m to get some useful results.

[paleje] 24/5/2018 07:47

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"

[zhockey] 22/5/2018 07:25

I guess this is why the market sold off?

Two holes (BPL009 and BPL010) were designed as pure exploration holes and were drilled south of the main lode of mineralisation (250m and 650m respectively) with the aim of testing the prospectivity of regional structures. Hole BPL009 drill-tested a NE-striking, semi-regional fault which was barren of mineralisation, as was hole BPL010, which tested a remote, circular magnetic feature.

The final hole (BPL011) was a "scissor hole" drilled north of the main line of mineralisation to test for possible repetitions of mineralisation to the north and to drill back towards the mineralisation and parallel to the mineralisation to ensure holes were targeted in the correct orientation. BPL011 concluded that there is no repetition to the north and confirmed drilling orientation and additionally intersected 1m @ 1g/t Au at 244m downhole.

[zhockey] 19/4/2018 19:42

I like David, but when he said there is no chance this will 10 bag in the short term I think that turned off 99% of AIM investors.

[paleje] 19/4/2018 16:45

David Price on proactive today, funded for foreseeable and excited by bigger picture

[zhockey] 18/4/2018 19:17

Market is sceptical of rock chips, rightly so. Need to get some economic drill results here.

[edjge2] 18/4/2018 13:38

After the metal strike looks like a buy on a big retrace IMO. Armed with attributes not gambling.
Guess will need to raise cash to exploit riches but metals and PMs on the up.

[letmepass] 16/4/2018 11:45

Nice to see some solid work being performed...

[paleje] 16/4/2018 11:42

Nice RNS this morning. From it:-

"Our recent work at Marengo has identified two previously-unidentified intrusion-related gold/copper circular features characterised by porphyritic rocks, high-grade copper/gold mineralisation at surface, strong alteration and geologically-important ring fractures, faults and vein-swarms. The discovery of high grade copper and silver at Bee Creek is an exciting development which supports our belief that Marengo is showing potential for the discovery of a significant gold/copper/silver mineralising system. Papua now has a second project which provides a pathway for strong, organic-growth for the Company. Our objective of growing PML through discovery and development is enhanced by the identification of these two exciting systems at Marengo."

[paleje] 27/3/2018 14:41

Can't be that tiny PJ purchase pushing these higher can it? Imagine when solid news lands. Much overlooked as are many of the junior resource stocks.

[jimmyhoffa262] 16/3/2018 12:29

This dog needs to die as well

[paleje] 15/3/2018 15:29

Bit of friendly banter tweeted today between PJ and Nicholas Walley, race to see who can climb the share ladder fastest, PJ currently 7% and adding. Apparently:) DYOR.

[semper vigilans] 12/3/2018 10:00

Thanks - these reports never put in parameters so that they can be analysed by those of us not in the know.

[apfindley] 12/3/2018 09:56

Looking good here.. Those are very good sample grades. VERY GOOD.

[paleje] 12/3/2018 09:11

Why not judge David Price and team on what they actually do. PJ no longer a director, he's played his part, notifiable holding but what's wrong with that. David's his own man imo.