AVM - Advance Metals

[System]

Metals Finance Limited (MFC) is a Canadian company providing a combination of finance and technical skills for the development of small to medium scale metal recovery projects around the world.

http://www.metalsfinance.com

 

[System]

On January 27th, 2015, Metals Finance Limited (MFC) changed its name and ASX code to Pacific American Coal Limited (PAK).

 

[greggles]

PAK has been stirring recently. The last couple of days have seen above average volume and some upward momentum. There have been no market sensitive announcements this month, so I'm not sure what's motivating the activity.

 

[greggles]

Pacific American Coal has pushed through 6c today and is currently trading at 5.9c.

The company has received drilling approvals for its Elko Coking Coal Project in British Columbia, Canada and the company plans to commence exploration activities as soon as conditions on the ground permit.

Elko has a JORC 2012 resource of 257.5 million tons of coking coal. The company has $4.7 million cash in the bank and a market cap of around $9 million. By any standards PAK looks undervalued and any good news could send it much further north.

 

[greggles]

Two months on and Pacific American Coal is beginning to make some ground with drilling set to begin shortly. Volume is increasing with two million shares traded in an hour and a half today. Previous high of 7c made last month is looking like it's going to be taken out shortly if the buying pressure keeps up.

 

[barney]

Good call on this one Greg ….. Wish I'd been paying attention sooner!

Nice steady run up from March to May with a couple of accompanying Volume increases followed by a low volume retrace into June …… fits my favourite price action profile and accumulation around the 5 cent area would have been low risk given there are some longer term fundamentals to support it. Will wait for the next cycle now but definitely a Spec to watch.

 

[System]

On May 29th, 2019, Pacific American Coal Limited changed its name to Pacific American Holdings Limited.

 

[System]

On June 15th, 2022, Pacific American Holdings Limited (PAK) changed its name and ASX code to Advance Metals Limited (AVM).

 

[Dona Ferentes]

2022 was a transformational year for PAK and we transitioned our business strategy towards metal projects in North America. The decisions we made have set the business on new course with a strong board, additional skilled geological team with new and expanded projects in Copper and Gold.

coal was not a goer, so lets change tack

Our main focus moving forward will be identifying and developing metals projects to support the electrification and decarbonisation economies. We have purposely identified and secured metals projects that offer shareholder returns and that have a long term positive outlook.

 

[noirua]

Advance Metals (ASX:AVM) confirms high-grade rock chips at Garnet Creek, Idaho​

Advance Metals (ASX:AVM) confirms high-grade rock chips at Garnet Creek, Idaho

Advance Metals (ASX:AVM) has confirmed copper, silver, gold, molybdenum, and tungsten in rock chips at its Garnet Creek project in Idaho.

themarketherald.com.au

Copper values reached as high as 21.24 per cent, with historical sampling also reporting assayed results of as high as 21 per cent copper.

Select rock assays in the Tussel Ridge target also identified high-grade copper, silver and gold.

Silver values assayed up to 345 grammes per tonne (g/t). As for gold, three samples assayed higher than 1.5 g/t gold, with the highest assaying at 8.4 g/t gold.

Live charts: https://uk.advfn.com/p.php?pid=staticchart&s=ASX^AVM&p=0&t=1

https://uk.advfn.com/p.php?pid=staticchart&s=ASX^AVM&p=5&t=1