PMH - Pacmag Metals

[Beethoven]

Re: PMH - Pacmag Metals Ltd

LOL their sp is far from reflecting their worth
Their resource is worth 25billion and their market cap at todays close is <50mil

lol i agree. I think buying it atm is actually a safe buy.

 

[SevenFX]

Re: PMH - Pacmag Metals Ltd

im guessing it migth take a spike into the 45- 50 range tommorow and close somewhere back near the 40 mark.. migth be wise to be a little careful.. would be good to get a geos opinion

gl! if i was still holding id be selling 5 - 10 minutes after open into a spike or bailing in the opening if it was going to open down :/

who knows lol

I'm tending to agree with you in the short term Tanor, and it should have abit more retracing 2 do, but IMO who knows where it will be driven up like few others (cdu) that have enjoyed the top...???

But not sure if what Bathoven would be a good idea, to buy in now, esp when market opens....

Any other Thoughts

Thanks
SevenFX

 

[chris1983]

I'll stick with what I said yesterday. The press would get hold of it and more investors will buy in today. 34 billion Australian dollars is a lot of money. Thats double what they estimated CDU's Rockland Copper find which was 17 Billion. The question in regards to how much it costs to dig it out..........well people will assess that later.

I know the grades of CDU are better etc etc..but people will just hear the in-ground value..and its quite a lot.

It will be interesting to see what happens. Ill be watching.

 

[nizar]

I'll stick with what I said yesterday. The press would get hold of it and more investors will buy in today. 34 billion Australian dollars is a lot of money. Thats double what they estimated CDU's Rockland Copper find which was 17 Billion. The question in regards to how much it costs to dig it out..........well people will assess that later.

I know the grades of CDU are better etc etc..but people will just hear the in-ground value..and its quite a lot.

It will be interesting to see what happens. Ill be watching.

it will probably gap open with massive volumes due to the press with the bullishness of some of the articles going around "us$25b in ground value, potential to increase resource, etc"

but because 2mrw is a weekend, i reckon it will weaken towards the close as traders dont want their money in this over the weeknd

 

[chris1983]

"Around the Traps ... with THE FERRET
08:27, Friday, 6 October 2006
Sydney - Friday - October 6: (RWE Australian Business News) -
****************************

No wonder they went for the doctor in PACMAG METALS (PMH)
yesterday. The company announced its Ann Mason deposit in Nevada contained 64 per cent more copper than previously estimated.

The shares soared 28.5c to 47c before closing at 41.5c (and,
fair dinkum, you gotta feel for the poor saps who sold down from 21c to
18.5c ahead of the trading halt on Monday). Managing director Michael Clifford spelt it out in terms we can all dig.

The 3.2 million tonnes (7.1 billion pounds) of contained copper
metal in the deposit had an in-ground value of $US25 billion (more than
$33 billion in Pacific pesos), based on buoyant current metal prices, he
said.

In the ground is a long way from copper cathodes but it still
means something when you compare it with PacMag's market capitalisation
of $42 million.

"Our Ann Mason deposit (810 mt at 0.4 per cent copper, 0.004 per
cent molybdenum) means PacMag has one of the largest undeveloped
deposits of its type in the American continent and during the fourth
quarter of this year we will complete our scoping level study which will
provide us with the details we need for mine and processing operations,"
Mr Clifford said.

And in case you still didn't get it ... "Given this new up-grade
we can now compare favourably in size and grade to some of the biggest
copper mining operations in the world, including Teck Cominco's Highland
Valley Canadian mine, Quadra's Robinson mine in Nevada and Phelps Dodge
Cobre-Chino and Morenci mines and no doubt what we are doing will
attract international attention."

 

[chris1983]

it will probably gap open with massive volumes due to the press with the bullishness of some of the articles going around "us$25b in ground value, potential to increase resource, etc"

but because 2mrw is a weekend, i reckon it will weaken towards the close as traders dont want their money in this over the weeknd

Who knows Nizar. Might keep going. Will probably be in the papers over the weekend too. Most people are rating the find quite highly. The company's market cap doesnt do the deposit justice just yet.

 

[Alfredbra]

look at the buy orders!

 

[SevenFX]

it will probably gap open with massive volumes due to the press with the bullishness of some of the articles going around "us$25b in ground value, potential to increase resource, etc"

but because 2mrw is a weekend, i reckon it will weaken towards the close as traders dont want their money in this over the weeknd

Your on the money Nizar, it's currently up by 8.3%/35pts up.....

Cheers
Thanks

 

[Alfredbra]

PMH in trading halt?

 

[donjohnson]

I'm still holding aswell - bit of fun yesterday!

Hopefully today sees her crack 70c, then i'm sure the daytraders will sell off in the arvo and we'll see a close around 40-50c.

Then again, with all the press its getting we could see the rocket continue!

Cheers to all holders...

 

[tarnor]

Yeah press coverage has been great. huge opening coming by the look of it. I know what i would be doing if i held.. Be careful if your new to these sort of frenzies! 45c is an important line to watch imho have fun :/

 

[donjohnson]

Buy side:

Quantity No. Price
23,000 2 80
22,000Volume Ahead: 23,000 2 70
20,000Volume Ahead: 45,000 1 69
5,000Volume Ahead: 65,000 1 61
50,885Volume Ahead: 70,000 2 60
6,737Volume Ahead: 120,885 2 59
20,000Volume Ahead: 127,622 1 58
5,000Volume Ahead: 147,622 1 53
10,000Volume Ahead: 152,622 1 52
20,700Volume Ahead: 162,622 4 51
151,700Volume Ahead: 183,322 6 50
55,000Volume Ahead: 335,022 2 49
13,500Volume Ahead: 390,022 3 48
10,000Volume Ahead: 403,522 1 47.5
55,500Volume Ahead: 413,522 3 47

 

[Alfredbra]

you guys, is this in a trading halt. Etrade says status: trading halt

 

[JoshyJ]

i dont know, i got etrade too, but thought it was just a etrade error.

 

[donjohnson]

Not in a halt on my account with direct broking...

 

[Realist]

I bought 10,000 - it seems fundamentally quite excellent!

CDU eat my shorts...

 

[tarnor]

not really fair to compare it to cdu the grade is heaps lower...

 

[chris1983]

I bought 10,000 - it seems fundamentally quite excellent!

CDU eat my shorts...

Well all I have done is compare the 33 billion to CDU's 17 billion.

Not comparing grades..cost to dig out..but the press seems to like what they have. Hasnt been a negative comment made as of yet.

They have higher grade targets to drill yet and expect the resource to be expanded. People are wary though. If some scared investors see the price drop a little bit because of profit takers..panic sellers will come in.

 

[Realist]

It is hovering around the 50c mark.

The market cap is still so low - less than 1/5th of CDU.

 

[SevenFX]

I'm still holding aswell - bit of fun yesterday!

Hopefully today sees her crack 70c, then i'm sure the daytraders will sell off in the arvo and we'll see a close around 40-50c.

Then again, with all the press its getting we could see the rocket continue!

Cheers to all holders...

I gotta thank you again for puttin us onto this,,,,,,you the man....

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.

Smiles everywhere...