Platinum Mining Of India Share Discussion Threads

[madasafish] 22/2/2006 18:01

Current Market Cap = £23M approx.

Cash at Year end was £12.1M.

Work it out:-)

[money4me] 22/2/2006 17:24

what is that value?

[madasafish] 22/2/2006 14:04

when the Market Cap = Cash , I shall buy.

[superdonkey] 22/2/2006 11:34

I take it that's a no then !!!

[superdonkey] 22/2/2006 08:18

Is anyone going to the AGM tomorrow?

[mujahid2] 20/2/2006 18:43

gmorn well it is very cheap at this price with the platinum there and drilling in progress i dont see why one should refuse to build up a rather large stake here. DYOR

[phil2003] 19/2/2006 22:53

it's not the agm that's important, they won't be discussing anything not already in the public domain - it's the rns proceeding or following it that'll make the difference to the share price and pmci's shareholder's fortunes, imvho.

[money4me] 18/2/2006 17:38

spike in the price probably won't make me any money, unless it's a bloody big one. make or break imho with the agm

[madasafish] 17/2/2006 20:39

I anticipate nothing.. am just watching..

[octopus100] 17/2/2006 17:29

AGM next week should be interesting. Anticipate a spike in the price early next week in the run up.

[money4me] 14/2/2006 19:33

Madasafish

Thanks for the informative response, it's always useful to have some justification behind the figures quoted. having bought at float I obviously want it significantly higher and can only really hope for good news to deliver this. not long to go now :-0

[phil2003] 14/2/2006 18:41

Madas, cheers for the reading tip and posts, much appreciated.
Agree with your chart in principle however imho your timescale is skewing things slightly, also someone of a bullish disposition would argue that pmci is testing historical strong support level for a second time right now.

I'm confident that everything's now conspiring to not only ensure pmci bounces off it's support but burst north through it's descending resistance (which according to my timeframe sits at 15.5p) and onwards to test.. 21/22p within 2 months.

(all imho) we'll know alot more within a few weeks and a further shakedown won't worry me pre rns, all imho, dyor etc

[madasafish] 13/2/2006 21:50

>mark
I hope for holders' sakes the news is positive. If it is more delays etc...

TA works for all but the most illiquid shares. PCMI has absolutely classic geometry: I used another method which came out with 6.5p around 5th April..

[markusantonius] 13/2/2006 21:22

Mada, I think your TA is fairly accurate although this is, of course, based on "all things being equal....." which is FAR more applicable to FTSE-100 companies c.t. AIM. Also your analysis does not cater for hugely positive news at the AGM < a fortnight. If it slips by another 2p before then, I will definitely buy some more!

[madasafish] 13/2/2006 20:36

Well my analysis is: Broken ascending triangle: height 7p so likely to fall to the base of triangle (14p) less 7p = 7p.. by early April.

[trop] 13/2/2006 20:22

still high to average down then!!!

[madasafish] 13/2/2006 20:04

>money
Well I suspect the MMs went short at 13.5p selling shares on the rally they did not have and pushing the price down now so they can cover their shorts.. so they were probably short 500 to 750k shares..They will now have covered most of their shorts..

I had a pattern drawn by hand which says we are not quite at the lows yet..and my timing chart agrees...

EDIT: we could conceivably fall and make a new low.(I have around 5.5p as ultimate support).but I have no idea. I just will sitnwait

[money4me] 13/2/2006 17:18

Madasafish

any chance this is going to be going up according to your analysis

[Abuse team] 13/2/2006 00:52

Post removed by ADVFN

[markusantonius] 13/2/2006 00:40

Mada, Very interested re: above, yes. Do you think your methods/b-mix would work on Forex, as well? I am reliably informed that Fx is far more predictable using TA c.t. the stk mkts......!

[madasafish] 12/2/2006 17:04

>Phil
Thanks
I can 1000% recommend:



I bought it (new) and his other books (second hand ) for about £100 in total in October 2005. It has changed my entire view on trading.

[phil2003] 12/2/2006 13:42

nice one madas, you've called this one right.
Am highly confident of a break north from current channel hence happy to sit tight and will be comfortable for share price to take a further hit in the days running up to the agm for the usual leaky rns/manipulation reasons.

would be very interested in your recommended reading on cycle times (apart from daily reversal times) it appears I've got a big blank in that part of my strat!

cheers and best of..

[markusantonius] 10/2/2006 21:01

Do you use any specialised software to aid you with this, Mada, or is it purely graph analysis and your own interpreting/gut feeling, etc.?