PMH - Pacmag Metals

[Realist]

I bought some more at 46.5c.

I think I am going crazy! :bloated:

 

[johnmwu3]

PMH got crazy reserve and deserves crazy buying , so got crazy soaring.

 

[Realist]

True, maybe it is time to go crazy!

 

[ALFguy]

When the crazyness settles, this should be a good long term hold - with reserves like that!

Wasn't expecting it to drop to 45.5 c though

 

[Realist]

44c now, my gamble has blown up in my face!

 

[StockyBailx]

Does anyone know Pacmag metals PMH can also be known as pacific Magnesium Corp (PMH). Or is it just me. Because my Star Trader registers PMH as just that, whilse every thing and everyone else knows it as Pacmag. Does anyone know this is possible? All the vital signs are exactly the same.

 

[nizar]

44c now, my gamble has blown up in my face!

yeh same here

maybe after it closes the gap at 41.5c then up again?

weekend press would help for monday?

 

[ALFguy]

When the panic selling stops and it's at or near yesterdays close, I would expect it to trend up again.......no?

 

[Sean K]

When the panic selling stops and it's at or near yesterdays close, I would expect it to trend up again.......no?

I agree Alf. The resource seems pretty good to me!

 

[Realist]

It is panic selling, traders stops coming into play.

You are right that once this stops the trend should be up.

I wont beat myself up too much about not getting the lows... yet.

 

[SevenFX]

44c now, my gamble has blown up in my face!

Don't forget you've till T1 to sell b4 you pay...so there's plenty of time unless it sinks further...

I picked this up on the site...
"If your gonna PANIC, PANIC EARLY.

I am spealing from experience...

 

[dj_420]

yeah my gamble blew up to

in at 50 cents out AT 47
thought im not gonna lose to much money on a gamble



i bet now it opens on mon 60 cents plus

 

[ALFguy]

Alot of head banging going on here

Fear factor creeping in for traders who thought it was going to have another good run today.

44c bottom? I thought 47c originally.

Still holding....all good fun

(Give it the weekend for everyone to digest the resources they have and we'll be skywards again in no time)

 

[chris1983]

You guys have to realise that a lot of people got burnt with CDU. A lot of weary investors. It will go up.

 

[johnmwu3]

You guys have to realise that a lot of people got burnt with CDU. A lot of weary investors. It will go up.

You mean it will burn again ?
Just let the fire break out ?
Let ASX extinguish the fire !

 

[tech/a]

This thread should be archived for traders to read what NOT TO DO.

Those that are messing around with this now are far to late.

This is a very common occurence in extreme moves in small caps.

https://www.aussiestockforums.com/forums/showpost.php?p=11955&postcount=15

This is highly likely to trade sideways for sometime after settling down.
Dont expect to see above 54c in a hurry.

 

[chris1983]

This thread should be archived for traders to read what NOT TO DO.

Those that are messing around with this now are far to late.

This is a very common occurence in extreme moves in small caps.

https://www.aussiestockforums.com/forums/showpost.php?p=11955&postcount=15

This is highly likely to trade sideways for sometime after settling down.
Dont expect to see above 54c in a hurry.

Hi TechA,

Can you explain to me why this one would go sideways. I swear I must be missing some information. See below. Now I just dont get why the SP isnt flying when CDU's discovery was 17 billion and PMH's is 33 billion and it will be revised later. Looking as if the resource will increase.

Okay I also know that CDU have much better grades but the grades that PMH has arent too bad. They also have a higher grade section.

"221 million tonnes @ 0.51% copper, 0.004% molybdenum (0.55% copper
equivalent"

People must think its not going to be economically feasible?? That must be the only thing that is holding them back. But they say there are similar mines such as

"Teck Cominco's Highland Valley Canadian mine, Quadra's Robinson mine in Nevada and Phelps Dodge Cobre-Chino and Morenci mines."


"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."

 

[dj_420]

yeah ive been looking into it

and apparantly the deposit is below surface. i think what will hold this one back is making sure that it is feasible. i mean other resources are on the surface which is easy. i believe thats why CDU was a flyer.

correct me if im wrong

 

[SevenFX]

You guys have to realise that a lot of people got burnt with CDU. A lot of weary investors. It will go up.

Chris,

I think you hit it on the head above, and tis not the the find investors are factoring in, it's the selloff sentiment that more buyers are weary.

Even the sellers are mounting up IMO.....hey but I'm just a new kid on the street...????

2 much supply (sellers), no demand (buyers).... in the short term, but I sure it will be a good portfolio stock (IMO) at the right price....

Please free to tell me otherwise....

 

[ALFguy]

This thread should be archived for traders to read what NOT TO DO.

Those that are messing around with this now are far to late.

This is a very common occurence in extreme moves in small caps.

https://www.aussiestockforums.com/forums/showpost.php?p=11955&postcount=15

This is highly likely to trade sideways for sometime after settling down.
Dont expect to see above 54c in a hurry.

Even with the 'unhealthy' run it had this morning, it's still trading 8% above yesterdays close.