PMH - Pacmag Metals
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Realist
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johnmwu3 said:
I'll be happy with 45c at close of play today.. :casanova:
Realist
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I''ll take a conservative guess at 44c today, then Fridays close will be 51c.
It may take weeks or months for it to get a good run...
It may take weeks or months for it to get a good run...
Sean K
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Not going as I expected so I'm out. Good luck gents. And Realist.
Realist
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kennas said:
You lose much?
Realist
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JoshyJ said:Dont know about him but i lost a fair bit. My sell is the low of the day.
I guess the negative talk and the panic sell in the morning got to me.
Bugger!
Sean K
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Realist said:You lose much?
No. Few bucks.
I was expecting more hype about this over the weekend and for heaps of volume today, hopefully driving it up..... Didn't mind the early drop but the volume just isn't there at the moment. Seems to be a general lack of interest really which is surprising.
I wonder there are no Articles about the PMH in the weekend, PMH should be the biggest Cu mine discovered since last 20 years, when CDU come out the results of it's Cu mine , lots of articles and some even think CDU may priced 25$ per share.
Anyone noticed this ?
Anyone noticed this ?
Realist
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The market often under-reacts to news. This is a perfect example.
It stormed up to about 58c then tanked to 39c.
Which is quite ridiculous because in May people were willing to pay 40c before the massive announcement.
It is a weird one!
It stormed up to about 58c then tanked to 39c.
Which is quite ridiculous because in May people were willing to pay 40c before the massive announcement.
It is a weird one!
Sean K
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I can hear Tech A snickering out there, saying 'I told you so, he he'.
I think it will end positive by the end of the day. A lot of people will say the retrace had to happen after having such a sharp rise. Sellout this morning..there has been good support. Good spec play...can bring big rewards. If it fell back under 35 its worth a buy IMO.
PMH ----CDU
IMO, PMH got more exploration licence, including Uranium,PMH has more potential than CDU:
Ann Mason is one of many their project for this quarter.
Checkout their Fourth Quarter Activities & Cashflow Report. The outline:
1. Blue Rose JV (South Australia) – PacMag Earning up to 75%
Previous drill intersections starting from 8 metres below surface such as 48 metres @ 1.0% copper and 0.21 g/t gold highlight the potential of the project
2. Olary Copper-Gold-Uranium Targets
High grade uranium rock chip sample (2.2% U3O8) including associated iron-oxide copper gold-uranium targets of the Olympic Dam style will be completed in the 3rd quarter 2006.
3. Uranium
Holds 100% interest in six exploration licence applications covering uranium endowed palaeochannels in the north Yilgarn Craton located in Western Australia.
4. Corktree (Western Australia) – PacMag can earn up to 75%
The area has previously been explored by WMC and CRA, whose drilling returned samples including 24 metres @ 0.22% copper, 16 metres @ 0.26% copper, and 3 metres @ 1.6% copper.
Status: Drilling proposed at Corktree
5. Arrino (Western Australia) – PacMag 100%
The Arrino prospect is located in the Irwin sub-basin, 250 kilometres north of Perth. Known copper mineralisation at Baxters has previously been subjected to exploration by MIM, BHP and CRA, including geophysics and limited drilling (better intersections include 4.5 metres @ 2.35% copper).
Couple weeks or next 2 months will be interesting. As more result out for Ann Mason, Blue Rose JV , and Olary Copper-Gold-Uranium Targets.
IMO, PMH got more exploration licence, including Uranium,PMH has more potential than CDU:
Ann Mason is one of many their project for this quarter.
Checkout their Fourth Quarter Activities & Cashflow Report. The outline:
1. Blue Rose JV (South Australia) – PacMag Earning up to 75%
Previous drill intersections starting from 8 metres below surface such as 48 metres @ 1.0% copper and 0.21 g/t gold highlight the potential of the project
2. Olary Copper-Gold-Uranium Targets
High grade uranium rock chip sample (2.2% U3O8) including associated iron-oxide copper gold-uranium targets of the Olympic Dam style will be completed in the 3rd quarter 2006.
3. Uranium
Holds 100% interest in six exploration licence applications covering uranium endowed palaeochannels in the north Yilgarn Craton located in Western Australia.
4. Corktree (Western Australia) – PacMag can earn up to 75%
The area has previously been explored by WMC and CRA, whose drilling returned samples including 24 metres @ 0.22% copper, 16 metres @ 0.26% copper, and 3 metres @ 1.6% copper.
Status: Drilling proposed at Corktree
5. Arrino (Western Australia) – PacMag 100%
The Arrino prospect is located in the Irwin sub-basin, 250 kilometres north of Perth. Known copper mineralisation at Baxters has previously been subjected to exploration by MIM, BHP and CRA, including geophysics and limited drilling (better intersections include 4.5 metres @ 2.35% copper).
Couple weeks or next 2 months will be interesting. As more result out for Ann Mason, Blue Rose JV , and Olary Copper-Gold-Uranium Targets.
tech/a
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No I actually thought from current analysis that over time it could retrace back to that sort of area ---its on the chart I posted.nizar said:
Progression over the high of 56c I cant see happening in the near future.
Again no I was and still am presenting a technical view from past experience with these type of moves.. I dont like seeing anyone get caught.
Volume has pretty well dried up,trade numbers(of trades) are also down so most of the panic seems to have left it, resistance is at .43 and support at .41c
So today really a non event. my bet is that it will either tank if the DJIA or Commodities take a hit,or drift slowley into oblivion for a while.
I'm actually quite a placid duck.---that bites.
