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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.20p +15.09% 1.525p 1.45p 1.60p 1.525p 1.325p 1.325p 986,709 15:56:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -6.6 -6.5 - 2.32

Papua Min Share Discussion Threads

Showing 101 to 124 of 125 messages
Chat Pages: 5  4  3  2  1
DateSubjectAuthorDiscuss
19/9/2017
07:25
I understand BGM has good assets and I'd expect positive news coming from there in the coming months. Seems an excellent fit with Papua Plc and the assets in PNG.
errollc
18/9/2017
16:10
Yes it's interesting but not plain sailing, Soukup bought in because he liked the PNG asset but he's quitting now so things presumably don't look as rosy, that's a concern. I know PJ generates publicity but he doesn't always create value and there are more mouths to feed now. The raise is equal to the current mcap but at a discount to the share price so a bit of dilution, probably not significant if they get things right. I'll keep my modest holding for now and see what happens. Interesting was probably the right word cpap.
paleje
18/9/2017
12:20
All looks extremely interesting to me at PML Great to see PJ on board with by all accounts big £ backing £ for PML
cpap man
18/9/2017
11:40
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."
cpap man
18/9/2017
11:23
2m Conditional Placing at 1.15p with warrants at 2.3p, acquisition of BGM, THAL out, Paul Johnson in plus 2 directors from the acquisition co. So Soukup not happy to back further, PNG takes back stage to Queensland it seems, at least for now.
paleje
14/9/2017
08:52
Yes, I noticed that too. Nicely understated.
2magpies
13/9/2017
16:36
your Board is engaged in discussions which it is hoped will lead to an improved outlook for the Company and its shareholders. A further announcement will be made as required.Equals reverse takeover on way imho.
kooba
09/9/2017
10:10
HNR - TWO wells successfully drilled with abundant oil and gas in samples extracted! Fracking and FIRST OIL next month! Don't miss this train!
happyholder123
30/6/2017
08:07
It was expected they'd need more cash, they can't run on fumes.
paleje
30/6/2017
08:00
"As noted in the Chairman's statement, Papua Mining plc will continue to seek additional equity funding as and when available in order to continue its exploration programmes in the short term and for general working capital purposes"
euclid5
30/6/2017
07:59
Oh dear. Results out, they need to raise cash.
encarter
02/6/2017
20:01
4.5p would be an impressive move. Market cap is tiny here so it's certainly possible. In the words of Jim Slater: "Elephants don’t gallop, but fleas can jump over two hundred times their own height".
x54v
02/6/2017
19:58
Https://twitter.com/pauljohnson9691/status/870623382429200384
x54v
02/6/2017
19:37
Chart screams 4.5p
encarter
02/6/2017
16:23
A gap up here on the open on Monday looks likely.
x54v
02/6/2017
15:57
Delayed buy of 1m shares @ 1.475 there. Someone is keen.
x54v
02/6/2017
14:11
Thalassa Holdings. 40,000,000 26.71Michael Somerset-Leeke 37,991,102 25.37Strong Monaco presence on the register.Thalassa run by Duncan Soukup ..a switched on corporate operator...and Mr Somerset-Leeke an ex stockbroker who was one of the hottest players in his day.Looking at the set up here and Thalassas recent stake would expect there to be a plan ...most likely a vehicle for a reverse transaction?? Just guessing but could be interesting.
kooba
02/6/2017
13:21
Looking good here. Breaking out to a new high and volume been on the rise recently. I see Paul Johnson has been building a stake too: Https://twitter.com/pauljohnson9691/status/870552365639847941
x54v
25/5/2017
15:35
Falia You watching KOD?
cudmore
25/5/2017
15:34
RISING NICELY
falia
25/5/2017
15:22
We had an operations update 09 June last year so perhaps any time from now, if it happens to contain a bit of good news I can see us moving higher because we've got PJ and a few of his followers on board now. It might start to stick too. The turning point of interest for me was Duncan Soukup taking an interest but PJ's buys and subsequent tweeting are getting attention.
paleje
19/4/2017
09:55
Another rise today on the cards
bckttsim
07/4/2017
13:17
Accumulation on the wicks and OBV - becoming liquid free stock charts from uk.advfn.com
luckymouse
07/2/2017
10:35
It only took a few buys yesterday and we were 50% up . Pity I went out and missed it. Having said that this has a very low M/C , it will only take a few buys to repeat. Hopefully I will be in next time
bckttsim
Chat Pages: 5  4  3  2  1
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