Australian (ASX) Stock Market Forum

PMH - Pacmag Metals

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Realist said:
It is hovering around the 50c mark.

The market cap is still so low - less than 1/5th of CDU.
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lol this stock is getting driven down by profit takers. How much did you buy this for realist?
 
I'm holding this one for a while.

Traders will get scared and stopped out.. I'll hold.. :eek:
 
I'm thinking of buying more at 47c today, it seems the low...

Or is that crazy talk? :confused:
 
Realist said:
I'm holding this one for a while.

Traders will get scared and stopped out.. I'll hold.. :eek:
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Well IMO its going to keep going. Dont forget they expect to expand this 33 billion dollar resource. They have higher grade targets to drill yet. People have jumped out and are taking profit..but I think it will finish higher. Im only a newbie trader so what would I know though :p

They should get good media exposure over the weekend too.
 
There's no question unless there's something sinister I do not know, that this is still tremendously undervalued.

I mean I hold CQT which has $700M in inground assets and it's market cap is $65M.

PMH seems a way better buy than CQT by about 20 fold..

am I missing something?
 
SevenFX said:
I gotta thank you again for puttin us onto this,,,,,,you the man.... :D

However, I sould out at 50c (should have let go at 54) but, I'm all for taking profits and buying back in again.... ;)

Where do I send the Coldies, and where do I send It. :cool:

Smiles everywhere...
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Nice, wonder how they'd survive a trip to New Zealand?

Instead of a cold one i'd love to know when bl**dy CQT is going to release an announcement.

Heres the thing about my PMH shares though - i'm issuer sponsored, so I don't have the damned SRN yet and can't sell without it!

Should really have put in that CHESS application months ago!
 
tarnor said:
Be careful if your new to these sort of frenzies! 45c is an important line to watch imho have fun :/
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Tarnor,

It seems to be trending down, and from what little I know, indicators (RSI) may not help if I'm buying long...

Buyers and sellers are neck n neck.

Could you also pls put a chart of the 45c support line pls.
 
its filled yesterdays gap to 47 which would have attracted some buyers and currently holding it up maybe? i still feel low 40s is a good
chance for close today.. but the markets always right :)
 
RichKid said:
<insert Jaws theme music>....beware the Shark Bar, Mr Realist, but then you are not a trader so it can't hurt you if you don't believe- right?!?.....https://www.aussiestockforums.com/forums/showthread.php?p=77844#post77844
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Haha, T/A (astrology) rubbish.

I'm buying this cause it has the potential for $33,000,000,000 worth of resources and it's market cap is a measley $50M.

There is a goddam good fundamental reason the share price has rocketed, the cheaper you get in the better! Any charts are irrelevant!
 
tarnor said:
its filled yesterdays gap to 47 which would have attracted some buyers and currently holding it up maybe? i still feel low 40s is a good
chance for close today.. but the markets always right :)
Click to expand...

Well maybe you are right, but I see no danger in holding this over the weekend.

And if it dropped to 40c I'm buying more that is for sure!!

I see no reason not to hold this one for a while!
 
The interesting thing about PMH is it was 40c in May before the ASX correction.

People thought it was worth 40c with basically no resource, now it has $33 Billion in inferred resources people are hesitant to buy at 50c. Hahaha.
 
donjohnson said:
Nice, wonder how they'd survive a trip to New Zealand?

Instead of a cold one i'd love to know when bl**dy CQT is going to release an announcement.

Heres the thing about my PMH shares though - i'm issuer sponsored, so I don't have the damned SRN yet and can't sell without it!

Should really have put in that CHESS application months ago!
Click to expand...

Maybe you'll be thanking your lucky stars you could not sell? If you're onto a winner, hold it!

CQT - hmm I'm waiting on that one as well! :mad:
 
the 45c comment wasn't based on a chart it looked to my amatuer eye that a lot of stock was being fed out onto the 45c line yesterday.. If a large holder had marked that as a sell point and were dumping into the spike today they migth be happy to offload large portions back to the lower point of 45c.. 45c is about yesterdays high and the high held on the retrace today showing good support.. I just play these by feel looking for Spike/fall, stall and reversal.. probably will spend a bit of time between 47 - 50 if it had a surge and broke todays high of 58 that would attract traders again.. but i dont think the buying is strong enough.. many would have entered on open and looking to get thier money back so probably strong resistance in low 50s now..

Sure they migth have a lot in the ground but still to many unknowns. nothing wrong with trading hype tho. but if you dont have the expertise to know you should be careful when the music stops.. yet to see any really detailed analysis from someone with experience.. holding pretty well atm
 
I notice on the 1 decade chart of PMH it hit $8 back in 1997!

Haha. makes this recent rise a drop in the ocean..
 

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