Papua Min Share Discussion Threads

[x54v] 15/11/2017 08:01

2magpies - "Why? If prospects are so good, why sell?"

People sell for all sort of reasons. Maybe they need the money. Maybe they want to move on and do something different.

Acquisitions are made all the time and the acquisitors often do very well out of them and in turn help grow their own companies.

As for buying after a placing, if you are looking to build up a sizeable stake then it's very much easier to do it when there is stock around. Once the placing stock is gone it becomes difficult to buy in any size.

In the case of PML the company is now a changed beast - a new acquisition with excellent prospects and PML is cashed up. If you have an investment horizon longer than 10 minutes then buying now represents a very good long term opportunity.

[2magpies] 15/11/2017 00:22

cyberbub

'That's how it works'?

Well that makes anyone buying after a placing an utter mug, 'cos all they are doing is making a turn for the placees.

Last I looked the PML website was rather 'busy'. It is also rather clumsy and slow too(nothing to do with the level of traffic one imagines!)

As for the Aussie prospects, it seems that the local Aussies have thrown their tinnies in, and sold out to the Pommies! Why? If prospects are so good, why sell?

Perhaps there are nuggets there, and everyone has missed it after decades of looking.

[x54v] 15/11/2017 00:20

2magpies

The placing was sizeable and understandably it has taken some time for the placees to flip all their stock. As cyberbub explains, the modus operandi of many placees is simply to flip. They don't take a long term view and make their living from a quick 20% or similar.

The flipping is what has kept a lid on the price. But it will end sooner or later and at that point it will be much easier for price to move up to more closely align with the potential.

PJ holds for many months and there is usually a significant rerating over this time period. Short term moves are just noise. It's the longer term that matters.

[cyberbub] 14/11/2017 23:34

2magpies, surely you've been around long enough to know the way that placings work on AIM?1. The City spivs already knew about, or very strongly suspected, the placing before it was announced. Hence the share price spike to 1.55p just before the placing RNS, which allowed them to short down to 1.2p, a nice quick 30% profit in a week, and exit.2. The people who aren't City spivs but are the 'invitation-only' HNWs bought big chunks of shares at 1.15p, and are very very happy to take a 20% profit at 1.4p in just a few weeks. They do this professionally and if you make a 20% profit 10 times a year, you try compounding that and you will see it's extremely lucrative.The rest of us ordinary PIs are shut out, being unable to buy any substantial volume around the placing price, and only able to buy at 1.4p+, to allow the placing holders to exit.That's how it works.

[2magpies] 14/11/2017 23:01

x54v

That's all well and good, but Mr.Market just doesn't seem to be believing the story.

Perhaps's Mr. Market's view will change if a soopadoopa gold/copper discovery is made.

PJ may buy another 20m shares, but I doubt that will be any more convincing than his current 19m+ holding. (certainly it doesn't seem to have moved the Company's IT lot to update the website!!)

Mr. Market doesn't appear to be at all interested in his share purchases. (see what's happening to THR, CON, GGP etc.) If PJ is buying for gains in 'multiples' of purchase price, why are placees selling now for a teeny weeny gain(if indeed they are)? Why don't they hold for things to come to fruition?

[x54v] 14/11/2017 22:27

Great reward vs risk at these low levels.

Directors have bought in heavily and the company is awash with cash. The recent acquisition shows very good potential and newsflow in the short term is likely.

"The Lighthouse Project provides the Company with an outstanding opportunity to capitalise on excellent historical drilling results."



The placing of £2 million was an impressive amount for a small company to be able to raise. Placees have been selling for a while now and this has no doubt kept a lid on the price. However it will end and when it does the price will be free to rise.

A good RNS and increased volume could well take out the last of the placing stock.

PJ usually gets it right and is looking for multiples of his investment here. The prospects for such a rise look good.

[zhockey] 14/11/2017 21:31

Every tick up seems to be aggressively sold into.

[cyberbub] 14/11/2017 16:17

There's the largish (for PML anyway) delayed sale gone through that I was expecting, looking at today's trading.

[x54v] 14/11/2017 14:04

Doesn't appear that way imo judging by the trades so far today and intraday turnaround.

But generally no bad thing buying when others aren't. That's how you get stock on the cheap. When there are loads of others buying you are competing with them. The greater the demand, the higher the price you have to pay.

I'd personally rather buy when there is less interest.

[zhockey] 14/11/2017 13:16

Seems like PJ is the only person buying this stock.

[x54v] 14/11/2017 13:03

"Nice to see the interest in #PML - would read the last rns re Lighthouse again. Useful background 😀"

[ic0gcds00] 14/11/2017 12:57

Leap off a cliff more like it

[x54v] 13/11/2017 13:04

Get 'em cheap before they leap...

"Funny how investors seem to wait for a stock to leap in price before showing interest. Go look at the quiet ones now!"

[semper vigilans] 13/11/2017 09:45

AIM companys v. slow at this but not always helped by holders informing them.

[2magpies] 13/11/2017 09:40

Company website still has the wrong information.



PJ holding shown as: 6.365m

Why is it not being kept updated?

[x54v] 13/11/2017 09:24

He possibly isn't permitted to say anything right at the moment with him being a director and likely having inside info. As he recently posted:

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



His recent on-market buying speaks volumes though:







He currently holds 19,384,565 shares which at the current bid of is £271k worth. That's a big committment.

[2magpies] 13/11/2017 08:35

cyberbub

To me his public postings appear to show he has a lot of money.

Having said that, the stock about which he has said the least: PML, has the most diverse portfolio of prospects, many of which have astonishing potential. IMO, of course.

Strange that he hardly says anything about PML.

[x54v] 10/11/2017 19:19

I'm sure he knows the rules as to what he's allowed to say and what he's not very well.

[cyberbub] 10/11/2017 17:18

Mr Johnson needs to be careful what he posts in public forums IMVHO

[x54v] 10/11/2017 16:22

"Well 15 mins before the weekend - looking forward to next week. Should be fun!"

[x54v] 10/11/2017 11:43

From recollection someone on Twitter did point it out. PJ acknowledged it and said he would contact someone to get it updated.

[2magpies] 10/11/2017 11:39

Shouldn't need to.

Someone at PML should be keeping a watch anyway.

Visitors to the website may wonder what else isn't correct.

[x54v] 10/11/2017 11:31

You could always tweet him with the detail if you're concerned.

[2magpies] 10/11/2017 11:10

Major Shareholder/AIM Rule 26 appear incorrect on PML website.

According to last RNS PJ has a holding of 19,384,565 shares, whereas the website says he has 6.36m

PML not bothered with detail?

[x54v] 10/11/2017 11:09

And of course there's the good possibility of news very soon....

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



---

PJ has been buying more to THR, CON and RGM in recent days but PML additions are conspicuous by their absence even though he's very keen...

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