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PMH - Pacmag Metals

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powerkoala said:
does anybody knows when the news will come out?
up almost 10% now.
Click to expand...

quarterly report out today say's they expect to start drilling on the NW part of Anne Mason (where they're hoping to find more high grade copper) in late October (i.e. in the next few days or maybe they've started).
 
PMH has been quiet for a while. but has broken out today and is now 50c.
 
Wonder what the trading halt is about. Good luck realist. I'm out of these but I never disliked them..just wanted to transfer my money into something that I thought would move faster.
 
Wow, it is a trading halt, I had no idea, but could tell something was up.

It'll be good news, and many insiders know it.....I think..
 
uhm.. out of luck here
sold yesterday at 49.5c ...
i feel something is wrong yesterday.. yet can't hold
good luck with you, realist
 
I am relative new to trading and this is the first multi-day trading halt that I have been involved/caught up in. I am hoping that yesterdays price move is an indication that some good news is on the way. In the past the only trading halts that I have seen are just to release drilling reports and the like. These last for no longer than half an hour. Anyone care to have a stab at what we might be expecting? I suppose the obvious one is a takeover but what other reasons could there be?

 
Friday afternoon 3:58pm and still no word of why a Trading halt was called.

C'mon tell us!!
 
Results from the scoping study out, all good news, it is very much financially viable.

Opened and went up to 63c which is up 26%, come down to 56c now, up 12% from open today.

All good news! :
 
I took some time doing this on excel:

Share Price 0.485
Issued Capital
Ordinary Shares (m) 103
Options (March 08) (m) 42.6
Fully Diluted (m) 145.6
Market Cap (m) 49.95
52 week low/high 0.17/0.63
Cash (m) 4.00
Investment in AGM (m) 0.645
Top 20 Shareholders holding 52.06%


Project: Ann Mason
Location: Nevada, USA
Equity: 100%
Status: Scoping Study Completed
Metals targeted: Cu, Mo
Resource (mt): 810
%Cu: 0.4
%Mo: 0.004
Contained Cu (mt): 3.24
Contained Mo (mt): 0.0324
Contained Cu (billion Ib): 7.1
Contained Mo (million Ib): 71.4
In ground value:
Cu @ $US 2.50/Ib ($US billion) 17.75
Mo @ $US 25/Ib ($US billion) 1.785
Total in ground value ($US billion) 19.54

Exchange rate AUD/USD 0.77
10% of in ground value ($A billion) 2.5376
5% of in ground value ($A billion) 1.2701
2% of ing round value ($A billion) 0.507

Considering the market cap of PMH is approx 50m, is this one undervalued?, or is my calculations incorrect?, or is it simply because Ann Mason has such low grades?
 
Considering the market cap of PMH is approx 50m, is this one undervalued?, or is my calculations incorrect?, or is it simply because Ann Mason has such low grades?
Click to expand...

Well I think so.

I bought and held, and have been holding for about 5 months now I think.

It is in a trading halt at the moment.

And Chartists may note it has potentially broken out? There were obviously rumours pumping the price up before the halt.

Big news on Monday or Tuesday me thinks????

And no, this is not a ramp - its in a trading halt, you can't buy it anyway.
 
I am not fan of low grade copper mine unless it is in a developing country. I am not saying anything particularly for PMH. It might be a good company to invest after taking everything into account.

For example, at current copper price, the contained value for ore with 0.4% copper is about $25/t. The value is very miginal. Any cost increasing will put the operation in red.

Of course, the low grade copper project/mine is very sensitive to copper price. If the copper price is at $10,000/t, the ore is worth about $40/t.

For comparsion purpose, some kind iron ore worth $60/t, and thermal coal $50/t. Both of them require less mining process..
 
High Strip Ratio = High Risk from slow start up. Try FNT for copper exposure.
 
I noticed that these volatile little suckers went from a trading halt and then requested to be in a voluntary suspension from the official quotation. Any thoughts on whats going on? Maybe a possible deal going on?
 
I have had this stock for nearly three years and have noticed in the last couple of weeks they have been climbing slowly and they're at 0.215c as i type.
Does anyone know anything about this company and how they are going and whether or not to hold on or just sell.
Knowing my luck as soon as i sell they will spike.
 
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