Papua Min Share Discussion Threads

[2magpies] 19/12/2017 13:04

What's this about?

[drmaccers] 19/12/2017 12:46

The company is folding as per company house

[2magpies] 19/12/2017 11:10

What is the conflict?

And what has changed, since the AGM?

Is he now free to tweet what he wants, as he does on almost every other stock of his, except PML?

Remains to be seen if he's sellin ANY of his PML.

[bigboots] 19/12/2017 11:06

There is a conflict of interest there, hence why he is stepping down

[2magpies] 19/12/2017 10:29

well, that didn't last long.

If I remember correctly PJ got a payment for his part in introducing PML to BGM.

And now he's leaving.

Is he selling out?

[cliveas] 18/12/2017 08:03

Grabbing some more land before the results imho.

In the meantime, Papua is awaiting results of its recently-completed reverse circulation drilling program which involved drilling 2,111m in 11 drill holes into the Plateau Prospect within the Lighthouse tenement. Shareholders will be informed of these drilling results once they have been received from ALS Laboratories in Townsville, Queensland."

[cliveas] 18/12/2017 08:02

RNS :

New Exploration Licence Application at the Lighthouse Gold Project, Australia

Papua Mining (LON: PML), the gold and copper exploration company, is pleased to inform shareholders that it has, through its 100%-owned subsidiary BGM Investments Pty Ltd, recently applied for a new strategic and highly-prospective exploration licence (EPM26726) which lies close to its 100%-owned 'Lighthouse Gold Project' in Queensland, Australia. The award of the licence is subject to formal grant by the Queensland Department of Resources and Mines.



Highlights:

· New tenement application (called Monarch), lies 10km south of Charters Towers, where 6 million ounces of gold has been mined;



· Monarch is 8.5km north of the Mt Leyshon Gold Mine, which has produced 4 million ounces of gold;



· In excess of 25 historical workings which are prospective for gold and silver occur inside the new application tenement including Gregory's, Try Again, Ivory Elephant, Lady Musgrave and Mabel Jane, along with an additional 23 un-named, historical gold workings;



· Although no historical production records are available, the workings are extensive and include:



Ø Gregory's, where the workings are 430m long and down to 42m deep

Ø Lady Musgrave workings are 230m long, 10m wide and down to 23m deep

Ø Mabel Jane workings are 183m long, 10m wide and down to 61m deep



· When granted, Monarch will increase the available exploration potential by a further 30 square kilometres surrounding the Lighthouse Project;



An image showing the outline of Lighthouse and the new application is available at the link below.







Chief Executive Officer of Papua Mining, David Price commented: "In line with our strategy of acquiring highly prospective, low-entry-cost opportunities which are close to our existing tenements and critical processing infrastructure, Papua has applied for the Monarch tenement. Once granted, Monarch will provide Papua with additional high-grade gold targets which management believe are similar to both Double Event and Lower Lighthouse Prospects within the Lighthouse tenement itself. Management continues to keep a close eye on highly-prospective, low-entry-cost, long-term growth opportunities.

[x54v] 11/12/2017 15:25

500k block buyer at work again today.

[zhockey] 08/12/2017 13:41

Well they are drilling in an area where they expect to find gold, it's a shame there was no visible gold in the RNS which could have indicated high grade.

Unless these holes show bonanza grade, so few metres will not do much in terms of upside IMO.

[x54v] 08/12/2017 07:38

"Papua is now in an excellent position to have all drilling samples analysed, verified, interpreted and remodelled within an efficient timescale."

"in an excellent position" seems odd kind of wording in this context. You finish drilling and you're now ready to move onto analysis. But you wouldn't normally say that you're in an excellent position to do this. It's just the next step after all.

Could it be suggesting that given what has already been observed from the drill results, it looks as if PML is now in an excellent position generally. But this can't yet be confirmed officially until analysis has taken place.

PJ certainly cryptic with his suggestion to "look at those words".

[x54v] 07/12/2017 22:56

PJ on proactive today and talks about PML from 17:56. Enigmatically as if there is hidden meaning in today's RNS.

"Look at those words...."

[x54v] 07/12/2017 09:55

Sulphides observed.

And exciting upside potential from the results given historical grades.

"Some of the better historical drilling intersections at Plateau include 89m @ 1.6g/t Au and 44.5g/t Ag from 61m (hole PL102), 11m @ 2.0g/t Au and 14.3g/t Ag from 44m (hole PLP127) and 8m @ 3.4g/t Au and 10.1g/t Ag from 39m (PLP130)."

[zhockey] 07/12/2017 09:43

No reports of visable gold, that's a shame.

[x54v] 07/12/2017 09:38

Drilling completed RNS.

Chief Executive Officer of Papua Mining, David Price commented: "We are pleased to have our first drilling campaign completed ahead of time and within budget. Papua is now in an excellent position to have all drilling samples analysed, verified, interpreted and remodelled within an efficient timescale. We look forward to updating our shareholders on the results of this drilling programme."

[x54v] 06/12/2017 08:23

The price has been moving sideways in a low base for a good long while now.



Once it breaks above the top of the low base there could be a significant move upwards.

[x54v] 05/12/2017 15:14

SRO flying today and joining the list of PJ stocks which have really rocketed.

GGP, THR, CON, LION and now SRO.

PML is a late starter, but if this follows the very obvious pattern then it could be the next major mover.

[x54v] 04/12/2017 08:34

"Convinced only a matter of time before #PML (1.5p) makes a major move, tiny £5m m/cap, stock is tightly held with low free float, warrants at 2.4p, can see 3p as a realistic target"

[x54v] 01/12/2017 16:12

It certainly seems that way.

[zhockey] 01/12/2017 15:54

This is more volatile than bitcoin :)

[x54v] 01/12/2017 13:38

Getting exciting now. Drill results could be as soon as next week.

---

"#PML showing some resistance around the 1.5p level - same as #THR did at 1p (now 2.5p) Legacy seller(s) will soon be gone 300m+ traded since 130m placing is evidence. Can see this through 3p VERY shortly, low free float is key!"

[ileeman] 01/12/2017 11:14

Averaged up at 1.4p.

[x54v] 30/11/2017 12:27

Quite a number following the money by the looks of it.

[x54v] 30/11/2017 12:26

"#PML Pays to be patient. £78k ain’t no punt with drilling news due on a world class asset. BOD holding around 30% of these bad boys!"




"#PML 80k gbp buy aint a random punt"

[2magpies] 30/11/2017 12:25

Close above 1.50 and just 1.60 to go

[2magpies] 30/11/2017 12:24

News leaked??

uh oh ..... looks like the red tick 'kers about!!