Papua Min Share Discussion Threads

[errollc] 11/3/2013 14:49

Just noticed Peter de Sav has taken a big stake in this. he's not daft, so something really good must be happening here..good luck.

[wexboy] 13/2/2013 05:09

2013 – The Great Irish Share Valuation Project (Part IV)

I take a look at Papua Mining, plus a batch of other Irish stocks:



Cheers,

Wexboy

[bongo bwana] 05/12/2012 09:58

Really good research strongly supports that view!

From an investment return perspective beware of dilution from here to JORC compliant reserve stage announcement.

[errollc] 05/12/2012 09:52

I've heard the mining community in PNG are very excited the prospects for this group....slow burn but could be massive.

[andrbea] 12/10/2012 15:31

seems to be regular buyer, most days (in lots of 2500 units)

[errollc] 25/9/2012 08:29

Good positive announcement. There is undoubtedly significant amounts of gold and copper on their land...this is a winner. A slow burn winner but a winner none the less.

[andrbea] 17/9/2012 12:40

that adjacent story

[errollc] 13/9/2012 08:24

These are being tipped now in various places. A good announcement from Aussie share Copper Molly, which has land next to PMG's.....this is due a run.

[errollc] 18/6/2012 08:17

Good solid announcement....I liked the fact that more areas have shown potential. A good long term tuck away IMHO.

[madigansar] 10/6/2012 21:25

Gee I almost bought these at 55p - what happened???

[bongo bwana] 24/5/2012 08:10

...and the projected level of production within the next year is????

[errollc] 24/5/2012 07:51

was tipped these yesterday. Apparently there's a lot happening in PNG...

[wexboy] 04/4/2012 06:45

Hey folks,

Now completed the valuation stage of The Great Irish Share Valuation Project. Just posted Part X, which includes commentary on Papua Mining, and also a Q1 performance Review post:



Cheers,

Wexboy

[andrbea] 05/3/2012 07:23

Papua Mining
BY: Andrew Hore | POSTED: 02/03/2012 | COMMENTS: Add yours
Shares in Papua Mining rose by more than one-fifth by the end of the first day's trading.

Gold and copper explorer Papua Mining raised £7m at 44p a share. The share price has risen to 55.5p a share.

Papua Mining has £6.2m left after expenses and this will be used to develop the company's exploration projects.

Papua Mining ( has exploration licences in two main areas of Papua New Guinea: Ambunti and New Britain.

[trustman] 03/3/2012 06:18

I'm with Errol.
Nice opening premium, but any sign of grades like WG and this will become a good store of value.Mangement have walked the walk too which is important.T

[errollc] 02/3/2012 08:06

This is a long term multi bagger...tuck some away. Great management team who found a gold mine in Africa now producing 250,000 oz gold per annum..they think the prospects in Papua are much better. Won't be fireworks over night but a good long term play.

[stephanie_m] 02/3/2012 07:28

Papua Mining PLC 18th June 2012 Final Results
2nd March - 1st Day of Dealings
Papua Mining PLC


It is the first AIM IPO of a mining/exploration company so far this year.

Key Points

-- Papua Mining holds two exploration licences in the West New Britain province on the Papua New Guinea island of New Britain (one of which is under renewal) and one exploration licence in Ambunti which is located in the East Sepik province on the mainland. Papua New Guinea has numerous world-class copper-gold deposits.

-- The Company has also applied for a further 11 licences which, if successful, would result in a total area of 4,394 sq km being available to the Company for exploration.

-- The two exploration licences in West New Britain surround three areas currently being explored by Coppermoly Limited in a joint venture with Barrick Gold Corporation, the world's largest gold producer.

-- The Placing of 15,938,167 new Ordinary Shares at GBP0.44 per share, raised approximately GBP7.0m before expenses (GBP6.2m net) to fund an exploration programme (already underway) including up to 12,000 metres of drilling over the next two years.

-- The Placing shares represent 50.0% of the entire share capital as enlarged by the Placing.