Platinum Mining Of India Share Discussion Threads

[specul8or2] 26/8/2005 15:16

Thats just the fundamentals. The chartists will start sniffing around this "bowl formation" soon as well.

[topinfo] 26/8/2005 15:15

£1.00 soon, in not too distant future and that could easily rise to £2.00+. DYOR.

[specul8or2] 26/8/2005 15:11

When I was approached by Cornhill about this share their words were (or as close to as) "This is the share that has the most explosive potential since Asia Energy".

From what I can gather its just a case of WHEN they get it out not IF. Naturally there will be some risk in there somewhere but its just a question of if there is 500m worth or 900m worth. Look at that against £35m cap and its not a speculative share - its just a case of how much money you make not "if".

Shafhi - I dont believe its a case of "we are all hoping". When they phoned me with an update last week their words were that its not a case of "if" there is huge platinum stores there, they KNOW its there. Not only do they know its there, but what I have been told is that they even know roughly how much are in each areas of rock formations. Its old data from many years ago. I also believe they are in discussions to reduce the company tax rate from 10% down to 7%, which helps on the cost side.

Once the monsoon season is over they will start drilling, that is information given to the brokers by the management team so you will see for yourself that during September the RNS activity will rise considerably. Following this recent info a lot of individuals at the brokers have doubles their stakes. That gives a nice added indication of whats to come.

[topinfo] 26/8/2005 15:01

For those tempted to invest in PMCI and dont want to lose money just read this extract and make up your mind.

"Cornhill's pre-listing research note suggests indicated/inferred assets already total $956m, and the market cap, at £35m is just 7% of that - quite a discount. Yes, it is early days, so a chunky discount is warranted, but at the same time, there's every chance that field work will increase the size of the resources."

[mikehardman] 26/8/2005 14:53

check the yearly platinum price in the header
- bounced nicely off topside of S/R at 880; uptrend now emerging

[ellemaitch] 26/8/2005 14:47

up up and away ! bought these originally at float , and doubled my holding at 14p and made further investment at 15.25 . At the end of the day , the fluctuations are irrelavent to the amount of platinum in the ground . Nice to see +ive on growing volume though

[mikehardman] 26/8/2005 14:42

Nice collection of trade types - BRBOX.
It'd be nice to see a succession of trade types B O L L O X :)
or if you're chinese, B O R R O X

[shafhi] 26/8/2005 14:37

It seems to me that we are all hoping,is there any recent updates from the company.Topped up yesterday @16.5

[mujahid2] 26/8/2005 13:29

TOPINFO how do you know a decision has been made to drill?

[topinfo] 26/8/2005 13:26

This is going to very quickly get past float price of 22p, cant believe more people arent into this one...their loss, no need to ramp it, drilling results will ensure this moves fast northwards.

[specul8or2] 26/8/2005 10:52

shafhi - they are waiting for the tornado season to finish and then they will start end of august/september. I had a call off Cornhill to tell me last week.

[topinfo] 25/8/2005 23:56

This looks like the start of the share price correction. This should never have dropped as low as 14p and anything below 30p is cheap given its current assets. If they prove they have got what they think they have these will be over £1.50 very quickly indeed.

[mikehardman] 25/8/2005 16:37

samuelhogg - re #227
...probably - I got only the hardcopy, not the email

chart upturn looking very nice at the mo'

[mikehardman] 25/8/2005 16:23

added 16.5

[shafhi] 25/8/2005 14:44

Got in at 14.25 topped up today Along term hold. Is there any news on the mines?

[money4me] 24/8/2005 19:03

come on then - another little tick up lat in the day

[samuelhogg] 19/8/2005 22:37

MikeHardman
Was that the .tif files that was emailed from Cornhill? I couldn't open the file so they are sending it the post. Did they mention news coming out in the next month?

Did they mention the new issue? Not sure what to think of there chat.

Samuel

[mikehardman] 19/8/2005 19:11

It was a scan of a couple of pages from Resource Stocks, June05 (not available online); just a bit of coverage; didn't find it hugely enlightening.

Chart definitely looking better than it has for a good while (or perhaps that should be 'a bad while').

[mujahid2] 19/8/2005 16:18

yep share ur research note here with us thx

[mujahid2] 19/8/2005 13:11

Well why is it the decision is not unitil march 06..

[specul8or2] 19/8/2005 12:50

samuel - I have had a call from the brokers saying drills are expected in and around Septemberish, and even some individuals at Cornhill have doubled their stake following information provided by the management meetings they've had.

Its bottomed out, and with the newsflow on the way I know one guy who has bought 35k worth of stock and will be astonished if we do not see 48p by Christmas.

Although it seems on the optimistic side, there is no doubting that some big money is behind this stock and with newsflow on the way, I guess that is the "explosive growth" they were talking about within 6-12 months.

I am very excited about this one. They know the platinum is there, its just a case of waiting for the monsoon season to finish so they can get at the stuff and then people should pile in in their droves I would imagine.

[topinfo] 19/8/2005 12:20

Some strange large trades going through today, which look like buys but could be T trades. Is this about to start its upward path..Hope so.

[samuelhogg] 18/8/2005 23:05

Tempted to get back into this one. Sold out earlier with a small loss but I believe this one will come good. Just a gut feeling.

Anyone still in from the start?

Have you had a call recently from Cornhill about the latest IPO they have to offer?

Samuel