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PGM - Platina Resources

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maaze

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PGM has risen from 53 cents to $1.56 on NO NEWS in the last 2 months. Copped a speeding ticket too. They have a massive PGM play in Greenland ...Skaergaard. Some outstanding plays in Australia...Polar Bear.. Munni Muunni...Fifield... It is well worth doing a bit of research as it isn't too late. Only 38 million shares. Have at least 6 million ozs of gold plus other PGM's in the Greenland mix. Somebody just paid $1.5 billion for one of our neighbours, similar resource but further advanced so its a go up there. Funny how nobody has ever posted on this stock.
 
PGM still firing, up another 11% today now $1.76. What a run we have had and there's more to come. The knockers have been predicting a retrace maybe they missed the boat.
 
Damn!!!!

After a tip from a friend of a friend, I gingerly got into PGM last December at 0.385 but was soon stopped out @ 0.33. I was a bit winky about them because of the low volume being traded.

Lost touch with them for a while and completely missed the breakout in March. Have followed them ever since but also missed the latest breakout in September. :banghead:

Looking for a re-entry but it may not happen until after another sizable correction. Good luck to those who got in early.
 
well it's dipped down a bit yesterday. Jump in if you think there will be a pre-xmas rally...I am still holding my parcel.
 
Sorry to hear you were stopped out BlueRoo, but I have to say this is not a stock for a stop unless you simply trading.

It has the biggest Precious Metals resource compared to Market Cap of any stock I know of in Aus or US/Can, and that is at today's prices even after its great run.

Too long to post here, but as well v good projects here in Aus which justify the MC, the Greenland project is 50m oz PGE including 10moz Au, 30moz Pd, 2mozPt, etc. The previous holders of this resource - Galahad Gold walked away becasue they thought it was uneconomic after the price of Vanadium (also present in the dep) dropped in '05. There models were at $450Au etc etc price assumptions.

The short story is, if PM prices rise, this company is one of the most undervalued co's anywhere $65m MC for 50m oz PGE resource plus all the Aus projects some with JORC resources. If PM/PGE/base metal prices fall enough, the project becomes uneconomic.

(I own shares)

DYODD
 
Well essentialy the business is as good a shape now as it was back in Oct 07 - the Greenland potential is still there and with the sp weakness now, it may be a good time to buy. I bought some more at 67c today and still holding my earlier parcel at 33.5c.
 
Hi,

I am new to this forum and i would like to know if anyone has an opinion on PGM right now. The shareprice is at 0.20. I think the project in Greenland is interesting and i wonder why the market values it so low.
 
Just as these guys have been mentioned in Garempeiro today, I will add this drill ann. for interest;

EXCEPTIONAL NEAR SURFACE ASSAY RESULTS FROM
RECENTLY COMPLETED DRILL-HOLE FKD10-109
· Assay results have been received from only the first 235m of recently
completed diamond drill-hole FKD10-109 (total depth 451m)
· Exceptional results include the following:
o 16m @ 479g/t scandium, 0.5g/t platinum, 0.1% nickel, 0.1%
cobalt and 0.4% chrome
Click to expand...

(11th Nov.)

I know nothing of scandium, but it is extremely valuable at $1400/kg.
There was a volume spike on their chart when this was announced but has since settled again.
Anyone following this story?
 
reborn on the Co-Sc band wagon?
I'm buying because I seethe chance of a HL-HH sequence repeating itself.
PGM Fibs 01-03-17.png
Next HH would be in the 20's.
 
How lucky are they! They've planned a Capital Raising, and the Market supported the share price to twice what it was a month ago.
What was that? Could it have been the other way around: Something made the price double first, so the conditions are right for a "material" cap raising?
 
The "placement" at 13.5c appears to have been absorbed. It stopped the rise to a second HH in its tracks, but only marginally. I therefore bought back in, taking 13.5c as a HL. and wait for the next leg up to bring the new HH - this time really in the '20s - to succeed. The risk can be managed by tightening my stop.

PGM 16-03-17.png
 
Having stocked up sub-10c, I noticed today's somewhat peculiar trading patterns. Can't make much of a rhyme on that observation. Anybody else want to try?

PGM trades n 30-05-17.png
 
Patience is likely to pay off. Immediate resistance 11c. Rising volume supports the Bullish view. I'm still long and intend to accumulate if it breaks upwards.

PGM n 03-07-17.png
 
Four months it's been held below 11c. That's a lot of time in "consolidation phase", promising a substantial upswing once the dam breaks. There is, however, the possibility of one last pullback, leading to a "4th attempt success".

PGM 4m-sub11 13-09-17.png


I've sold my swingers and hold on to my long-termers.
 
As 11c came under pressure, I immediately bought back in.
This morning, I would've preferred the gap to close, but am happy to accept two little gaps as break-aways. Immediate resistance at 14c, but 17-18 looks achievable.

PGM am 14-09-17.png
 
Unless proven completely wrong, I'll treat the current pattern as a potential Cup & Handle.
Accumulating ...

PGM CnH 01-11-17.png
 
sold today at the rim (19.5c resistance)
More often than not, I see a pullback from this pattern, so I wait for an opportunity to reload further down - ideally even at the bottom of yesyerday's gap-up. At about 1:8 RRR (risk max. 0.5c vs up to 4c drop) I'm happy with the odds.

Note: If I were intending to hold a long-term investment, my strategy would probably differ.
 
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