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GRX - GreenX Metals

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Re: PDZ - Prairie Downs Metals

Another announcement today and are they quoting me???

From their release:

"stacking of lodes has the effect of substantially reducing unit costs for underground mine development"

Like I said, this is good news.
 
Re: PDZ - Prairie Downs Metals

has anyone done a comparison PDZ vs JML? on the face of it appear to be pretty similar. and JML was overlooked for quite some time last year. PDZ a mkt cap of $40mln for a 1mt resource with good zn% seems pretty conservative.
 
Re: PDZ - Prairie Downs Metals

Wondering if anyone had any theories as to PDZ's trading halt, soon find out as it's lifted tomorrow morning, hope it goes in the right direction...
 
Re: PDZ - Prairie Downs Metals

80c looks like a good entry point now, if it bounces of 80c this time there will be a nice solid base and little downside risk for this advanced explorer. They could well become a takover target, they just need to get cashed up to continue their resource definition. I'd say that by the time May 2008 comes around their unlisted options will be all excercised and they with go for final feasability which should have the potential takeover giants looming. Does anyone know if they will continue to release drilling results to the market?
 
Re: PDZ - Prairie Downs Metals

FROM RECENT ANNOUCEMENT - 29 AUG
=======================

Updated Mineral Resources Exceed Expectations

• 4.9 million tonnes at a grade of 5.4% zinc, 2.0% lead and 14g/t silver at a nominal lower cut of 1% zinc. This resource contains 269,000 tonnes of zinc metal, 97,000 tonnes of lead and 2.3 million ounces of silver.

This is a substantial increase in the previously reported resource of one million tonnes at a grade of 8.3% zinc, 1.7% lead and 22g/t silver.
 

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Re: PDZ - Prairie Downs Metals

Recent price rise probably has more to do with recent takeover,merger speculation announced by the company yesterday.A likely company to place an offer on the table could be a company like CBH resources imo.Looks like the share price could have a nice run untill an offer takes place.
 
Re: PDZ - Prairie Downs Metals


If ZFX is looking for mines to increase there future mine production anyone have a theory/knowledge why they wouldn't look at PDZ?
 
Re: PDZ - Prairie Downs Metals

As a recent purchaser of PDZ , I would welcome any thoughts on the current lack of interest in this stock . Off more than 50% since Dec and now breaking below previous support levels of 60 cents . I realise that the current market climate is pessimistic and PDZ is not the most liquid of stocks. Even so , the buyers seemed to have disappeared of late . I would have thought that at these levels the company represents good value.
 
Re: PDZ - Prairie Downs Metals

Well as a holder for a year or more now I have followed this stock from my entry of 40c to about $1.40 back to 70c odd back to $1.30 and now hovering at 60c despite an increasing and ever more more promising resource. Unfortunately like all stocks of late it is suffering the market climate. It is also suffering from a deflated zinc price.

Nevertheless I agree that the stock is good value at these levels and with the price of metals increasing again I am sure this company has a future and the price should begin to increase as the company moves towards becoming a miner as opposed to an explorer.

I am holding.
 
Re: PDZ - Prairie Downs Metals

I would agree it does look good value just the silver and lead credits alone start to add value, but with market looking shaky for tues will sit tight and watch for a while longer.
 
Re: PDZ - Prairie Downs Metals

wishful thinking said:
As a recent purchaser of PDZ , I would welcome any thoughts on the current lack of interest in this stock .
Click to expand...

Maybe the preliminary results of the BFS don't look too promising and have been leaked to some of the big wigs, who have run for the hills?...

Just speculating....
 
Re: PDZ - Prairie Downs Metals

on friday all ords down 163 points, but this closed up 14.15%. Any suggestions as to why? All I can see in announcements is an exercise of options, directors exercising bigtime maybe? (I can't c the announcement, no adobe on here atm.)
 
Re: PDZ - Prairie Downs Metals

I like this one. I am awaiting some more positive announcements in the near future as more drill results come in. It has been a victim of the general bear market recently as it isn't producing cash flow. Very little volume as the stock is very tightly held. This means that it will move up and down quickly.

Disclosure = I hold PDZ.
 
Re: PDZ - Prairie Downs Metals

Also been holding this since the 50c days last year. And also looking for a reason not to buy. Still not successful finding one so just buying a few more this morning.
 
Re: PDZ - Prairie Downs Metals

Anyone want to guess why this one is languishing around the 40c mark. I hold a small parcel and am wondering whether to buy more ore just sit tight, looks cheap IMO.
 
Re: PDZ - Prairie Downs Metals

Oh Snap. Almost tripled my money on those options in about three weeks. This new copper direction is an interesting development. Fundamentally this is a very strong company, more money coming in over the next couple months through option exercise, massive zinc resource in-situ worth more than 10x current Market cap (even with the anaemic Zn price), and potential for an economic Cu mine on the same tenement, using the same equipment (slightly modified).
I have no position on the value on their other tenements but they must be worth something I guess. I think I'll hold on a bit longer and see if I can't make this a 'four-bagger'.
 
Re: PDZ - Prairie Downs Metals

Here's a quick analysis of the PDZ chart, looks OK to me, potential for further "gap ups" to ~87c and ~1.15. If it breaks through 1.15 it's anyones guess where it would go, possibly testing new highs?. My guess is we'll see resistance at 87c for a long while unless the zinc price improves or until they get a good drillhole in the copper prospect, either way here is my chart. Note - the arbitary analysis is opionoin only DYOR and always seek advice from a professional (not a hack).
 

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Re: PDZ - Prairie Downs Metals

Now looks like it's going to open lower, I'm going to sit tight and wait for it to break throught the 87c level (if this ever happens) and reassess (Note - I Hold)
 
Re: PDZ - Prairie Downs Metals

Doogie, I'm not sure if it will gap or not, I can't read charts, but thanks for posting it's always interesting to see them anyway! I think that even without major movement in the Zn price this is a pretty undervalued company and $1 a share, giving them a fully diluted cap of about $73m is not unreasonable given what we currently know about their resources. Then again I do hold quite a few so I'm probably a bit biased!
 
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