Papua Min Share Discussion Threads

[x54v] 10/11/2017 10:06

PML still totally under the radar and offering a great opportunity to pick up stock before a significant potential rise. Here's what makes the shares a great investment imo:

Cashed up - the company has £1.39 million cash after the recent fund raising. This is a sizeable war chest which can be used to create value and drive a much higher share price.

Skin in the game - the directors own 28.6% of PML, not far off 1/3 of the entire company! Most recently they invested £267.9k in the placing. That really is a significant sum to invest in such a small company. Their fortunes are closely aligned with those of the shareholders and as such they are financially motivated to drive the share price upwards. By investing such a large amount in the company they have also shown a real vote of confidence in the new strategy.

Paul Johnson - a key investor and director. He has shown the Midas touch with the likes of CON and GGP which have multi-bagged in a short period and where he built up positions at lows. More recently THR (where he is also a director and shareholder) has started to move up rapidly on significant volume. PJ has built up a 5.5% stake in PML and will help engineer a rising share price by attracting a wider audience and helping influence the board.

Assets - PML has world-class gold and copper assets in Australia and Papua New Guinea. The recent acquisition significantly transformed PML's asset base and all 3 projects hold the potential to be fast-tracked.

Newsflow / potential catalysts - plenty of near term newsflow is likely starting with ground exploration at the Lighthouse Project where there is the potential for a mineralised gold system in an area with excellent historical drilling results.

Low market cap - PML is a sub £5m micro-cap. With such a low capitalisation it doesn't take that much in the way of good news to multiply the share price several times over. With good newsflow, there is the possibility of a multi-bagger here.

Chart - the price has been basing sideways for several months now. Sideways bases can often act as the precursor to a significant and sustained rise when price breaks above the top of the base e.g. see the 2 year charts of BMN, IQE, GAW, GGP, ZOO etc.

[x54v] 10/11/2017 08:37

"I just wish more people would invest on the ground floor rather than waiting for the lift to reach upper levels."

[x54v] 10/11/2017 08:36

"Just because I am a director doesn't change my investing strategy. I strive for many multiples on my investment or I won't invest!!"

[x54v] 09/11/2017 16:12

The problem, of course, with waiting until the good news lands, is the inevitable gap up and the impossibility of buying stock when everyone is chasing it at the same time.

Better to accumulate on the quiet when the impatient are selling due to boredom.

PJ has made a fortune doing this with the likes of CON, GGP and THR.

A good model to follow.

[x54v] 09/11/2017 16:09

In the meantime...

"yes would agree definitely exciting times with the opps available"

[x54v] 09/11/2017 16:09

I guess we'll find out soon enough...

[cpap man] 09/11/2017 15:55

LOL x54v that is one hell of a guess but also most likely to be absolutely spot on!!!!

[x54v] 09/11/2017 15:48

I’m guessing that he is aware of imminent good news but as a director isn’t allowed to buy at the moment.

[cpap man] 09/11/2017 15:30

Emmmm....all rather interesting x54v

Code for B*ll*XS I CANNA BUY NO MORE PML but YOU LUCKY B*ST*RDS CAN!!!!

[x54v] 09/11/2017 14:53

A clue perhaps. News soon?

"don't forget that directors cannot transact all the time"

[x54v] 09/11/2017 14:10

lol...

"Come on @pauljohnson9691 plow some more into #PML I want to see blue 😂 in all seriousness excited for the drill to start - soon I hope 👍🏻"

[x54v] 09/11/2017 09:41

"#GGP, #CON, #THR etc etc you would think only a matter of time before the crew start on #PML."

[x54v] 09/11/2017 09:27

Ok thanks. Will put it on the watchlist.

[zhockey] 09/11/2017 08:09

Fair enough, noted your Pilbara interest and they are one of the lower priced Pilbara explorers.

[x54v] 09/11/2017 07:27

zhockey - no, I haven't looked at them. Got my full quota with other positions just now.

[novicetrade68] 08/11/2017 16:44

It's nice to see the sells being bought up and I hope the overhang is about finished too.

[zhockey] 08/11/2017 16:40

X54, have you looked at KRS?

[x54v] 08/11/2017 14:22

"I sense a strong move coming in #PML the Paul Johnson 'groupies' are at the starting blocks, when will the 1st salvo of buying commence? Far lower share count than #GGP & #THR = faster move to upside!"

[x54v] 08/11/2017 13:40

Firming up a bit.

Real potential for a significant move up here when price breaks out above the top of the low base.

[cudmore] 08/11/2017 09:05

#ZIOC flying. Up 55% but will double from here still. Get in quick as limited shares

[x54v] 08/11/2017 08:07

"''Tis a shame that so many wait for share prices to blow dramatically higher before engaging. Earlier entry usually best!"

[jungmana] 07/11/2017 17:27

Good close today. We just need to clear the overhang and 2p+ will be here in a flash

[x54v] 07/11/2017 13:57

"#PML - Nice pattern developing here. Strong support. Bullish Trend. Break 1.7p area and targets 2.4p and 3.1p Gap Fill."




"#Have a big slug of this with world class copper / gold projects + fully cashed up with £3.8M incentive once over 2.3p #PML"

[jungmana] 07/11/2017 11:27

A 1m buy there from an hour ago. Reported as a sell

[cudmore] 07/11/2017 11:14

Looking good for a nice steady rise here