Papua Min Share Discussion Threads

[x54v] 07/11/2017 11:08

"Good to see #PML tracking higher today."



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Indeed it is.

[x54v] 07/11/2017 10:50

"Have taken some #PML (1.45p) whilst it is quiet, I expect to see the Greatland Gold and Thor Mining followers hitting it soon, one common denominator - Paul Johnson - holds 5.65%"




"Are people finally understanding that you follow the money & the bloke is printing it !! ..even the naysayers are changing their tune #PML"

[zhockey] 07/11/2017 07:14

That's what I'm thinking. Copper is in an uptrend and they should be singing from the rooftops about their copper assets.

[jungmana] 06/11/2017 21:23

Zhockey - could be next cascabel (solg) with the copper projects here

[x54v] 06/11/2017 21:07

That's what we're all after. For the share price to go nuts.

[x54v] 06/11/2017 10:55

The placing flippers not quite finished yet imo. Typically just looking for a quick turn after being able to buy in at the placing price and they don't usually have any long term view on the company.

The 500k selling blocks have been going on for a while and keeping a lid on the price.

Once they're gone the price should be free to move up again.

However whilst they persist, it's an opportunity to buy the cheap shares that the flippers sell.

[tromso1] 06/11/2017 08:02

I agree with x54. PML has been unloved and unnoticed for months and anything which helps raise its profile would be good, as long as it's not detrimental to the main focus of the company.

[x54v] 06/11/2017 07:40

It would potentially attract others to the company who might not have noticed it otherwise. They would then see the value in PML's other assets and broadcast that to others.

The THR story is getting out there more quickly. Whilst Pilbara isn't likely to be a primary interest, the value in Pilot Mountain and Molyhil is now reaching a lot more investors than it would have otherwise.

I suppose it all depends on your aims. Mine is to have a strongly rising share price, and as soon as possible. Those who have different aims will have a different view. That's what makes a market.

[divmad] 06/11/2017 07:04

So what you are saying is that PML's (and THR's) interest in Pilbara is nothing more than a rush to jack up the share price on a greater fool theory. Nothing strategic or long term or world class about the acquired assets.

[x54v] 05/11/2017 23:05

The company certainly has good assets especially those recently acquired and I'm sure attention will be currently turned there.

I do personally think that Pilbara would be an additional worthwhile area of focus, even if not a primary one.

As a comparison, THR also has good assets which it has been focussing on, but the announcement the other day that it is considering an acquisition in Pilbara as something new put a rocket under the share price.

The large increases in price and volume mean that the move has generated lots of extra interest in the company all of a sudden i.e. Pilbara has effectively been a means of advertising the company. Word quickly spreads, more and more folk who might not previously have noticed THR are suddenly interested, they buy in and up goes the price and volume which in itself attracts other potential buyers.

As an investor what I'm interested in is a rising share price. Anything which can potentially attract new investors and help drive the price higher is therefore of interest.

As mentioned earlier, it needn't be a primary area of focus. THR has other primary areas of focus and is considering Pilbara as something extra. No reason that PML can't manage something similar imo.

[zhockey] 05/11/2017 21:38

I think they have enough assets, need to focus on exploring what they have.

[x54v] 05/11/2017 00:34

Pilbara certainly an opportunity worth PML investigating with all that cash floating around.

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"The Great Pilbara Gold Rush is on for young and old, from mining companies big and small to roving Grey Nomads with caravans in tow.

If you haven't got a metal detector or a will to drive to the North West, there's seemingly a bucket-load to be made on some stocks that are skyrocketing."

[x54v] 04/11/2017 09:33

The recent placing was used partly to pay for the exciting BGM prospects in Queensland which have significantly transformed PML's asset base.

However after paying for those, there's still a whopping amount of cash left over: £1.39 million.

"The balance of £1,390,000 (before expenses) to be applied to working capital for Papua and its diversified portfolio"



PJ is clearly very aware of the excitement around the Pilbara gold rush and keen to get in on the action judging by his tweets:



With him having gone out his way to ensure that the companies where he is currently director and significant shareholder (THR, MNRG) have Pilbara exposure, could the same happen with PML I wonder?

It would make sense: the company has that huge £1.39 million cash balance waiting to be used, Pilbara is a hot area and PJ is a director, significant shareholder and person of influence on the board of PML.

Any word of such a move could well be the catalyst to drive the share price sharply higher from here. It certainly seems to have worked with THR with the share price showing strong price and volume gains since the recent announcement of a possible Pilbara acquisition.

[x54v] 03/11/2017 15:38

When the final placee has flipped, I wouldn't be at all surprised if we see a THR-like rise here.

Just a matter of time.

[jungmana] 03/11/2017 14:46

And a 1.63m too. Overhang should clear soon at this rate

[x54v] 03/11/2017 14:05

Chunky delayed buys.

10:52 - 1,400,000 @ 1.59
10:53 - 1,331,812 @ 1.60

£43.5k in total.

Someone is loading up.

[x54v] 03/11/2017 12:05

Placing flippers still got some to offload by the looks of it.

More cheap stock on offer for those with a slightly longer term perspective.

[cudmore] 03/11/2017 11:57

Buys showing as sells tut tut

[x54v] 03/11/2017 11:38

The historic grades give a flavour of the upside potential here:



PJ knows this. That's why he currently has £300k worth of PML shares.

The directors know this too. That's why they're happy to own 28.6% of the company:



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Follow the money.

[x54v] 03/11/2017 11:34

The price has been basing sideways for months now.

When it breaks above the top of this base there is a big move to be had.

THR is slightly ahead of the curve. Sideways basing for months, then the breakout.

The same is a good possibility here as the story spreads.

[cpap man] 03/11/2017 11:12

Paul Johnson buying again at PML which looks on the verge a break out NORTHWARDS!!!!

[jungmana] 03/11/2017 10:55

Joined you guys here. Bought some this morning . A multibagger in the making

[x54v] 03/11/2017 10:09

"As I have said before - wish people would engage with resource shares in early days - so many pile in when stocks have 10x -cheaper is best!"

[x54v] 03/11/2017 09:36

When Paul Johnson gets seriously involved with a stock, the share price moves from sideways to a strong upwards trend like this:







With PML we've just had the sideways bit so far:



The charts above hint at what might come next.