PRE - Pacrim Energy
- Thread starter amohonour
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I think this has more to come, possibly news considering the buying today has been solid
Looks about to retest highs.
Watch out for a break above 5.5c
Looks about to retest highs.
Watch out for a break above 5.5c
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Companies reply actually states that "The Company is currently awaiting receipt of final assay results from single
metre splits of the five metre composite results released on 23 October 2007.
We would anticipate that these will be available at some time during the week
commencing 12 November, however exact timing is not known at this time."I have learnt from others that doing a quick skim read often leads to missing something.This is probably whats driving the price.Just as an aside nearly posted this in the wrong thread
!Think i may have done this recently on another stock but no one picked it up
metre splits of the five metre composite results released on 23 October 2007.
We would anticipate that these will be available at some time during the week
commencing 12 November, however exact timing is not known at this time."I have learnt from others that doing a quick skim read often leads to missing something.This is probably whats driving the price.Just as an aside nearly posted this in the wrong thread
!Think i may have done this recently on another stock but no one picked it upsome very nice gold grades announced again today, expect a bit of action later in the day as more traders become familar with the story, much like the action in KAL yesterday quiet just after the announcement and then very strong for the rest of the day.
the PRE results are actually much better than that of KAL, and with the price of gold surging expect some massive volume as the day goes on and the story spreads.
the PRE results are actually much better than that of KAL, and with the price of gold surging expect some massive volume as the day goes on and the story spreads.
I sold out at 0.5 lock in 80% doh :-( .. should hang on for a bit more ride but then again it's just drilling ...getting it out of the ground and making some $$ out of it is another story... ..
PRE has been good with me bought at 3 sold at 4 then bought again at 3 sold at 5 hehehe ...
may buy again at 3 at some later stage heheh
..PRE has been good with me bought at 3 sold at 4 then bought again at 3 sold at 5 hehehe ...
may buy again at 3 at some later stage heheh
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Pacrim has held pretty well at around 0.05. Their website is an interesting read. The Manus Island statement suggecting that the deposit there could be compared with the Lihir deposit. Now that would cause a bit of excitement
Massive Gold Intersection ... annoucement this morning.
PRE has reported that the first deep RC hole at its Golden Terrace South prospect has been an outstanding success, hitting 55 metres averaging 3.65 g/t, including 10 metres @ 6.77 g/t from 125 metres and 10 metres @ 7.96 g/t from 110 metres.
"Most importantly the results have provided evidence of the potential of the mineralised system at the Golden Terrace South prospect. It has demonstrated the existence of extensions to previously reported high grade gold mineralisation to greater depth ..."
PRE has reported that the first deep RC hole at its Golden Terrace South prospect has been an outstanding success, hitting 55 metres averaging 3.65 g/t, including 10 metres @ 6.77 g/t from 125 metres and 10 metres @ 7.96 g/t from 110 metres.
"Most importantly the results have provided evidence of the potential of the mineralised system at the Golden Terrace South prospect. It has demonstrated the existence of extensions to previously reported high grade gold mineralisation to greater depth ..."
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Hi folks,
PRE ..... looking for a run up, until about 07122007, then figure a
few negative time cycles will bring this one back to earth, for a while ...
07-10122007 ..... negative spotlight on PRE
11-12122007 ..... negative news expected here
19122007 ..... 2 negative cycles ... finance-related???
28-31122007 ..... minor news expected
Looking ahead, May-June 2008 should be good months for PRE.
happy days
paul
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Trader Paul, does your crystal ball show the approximate SP values for these targets? I am assuming right now that people are looking around for gold potentials and this may have slip-streamed PRE a little higher.
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I just sold out of this yesterday. It's sure to have a Major day UP today. The pre-open price is a bit interesting.
I've decided to take a profit on this one,120% will do me . If there is more then good luck to the holders. I'm still hurting from MHL and don't want to have the same thing happen here. Will put it into NWR, another good gold prospect in my estimation. I dont have a crystal ball but that is the way I see it.
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More gold for Pacrim:
Deeper RC Drilling Gold Intercepts – Single Metre Samples
Golden Terrace South Prospect
Assay results have been received and compiled for single metre samples
from a programme of deeper RC drilling at the Golden Terrace South
prospect confirming wide zones of gold mineralisation (composite result of
55m @ 3.60g/t from hole GTRC 83 was reported on 21 November).
Deeper RC Drilling Gold Intercepts – Single Metre Samples
Golden Terrace South Prospect
Assay results have been received and compiled for single metre samples
from a programme of deeper RC drilling at the Golden Terrace South
prospect confirming wide zones of gold mineralisation (composite result of
55m @ 3.60g/t from hole GTRC 83 was reported on 21 November).
should see a bit of action in PRE come wednesday, if you have a look at their announcement on the 21/12/07 (last page), they outlined the current exploration focus, what is of interest and I don't know if many people picked up on this is that they have already received the next batch of gold assays from the Redcliffe Gold project and they were in the process of plotting and processing the results, given the Christmas break you would expect to hear something by next week at the latest, may prove a good short term trade as it certainly has released some impressive results recently.
PRE is one of the exciting spec gold plays, with a big start to 2008 expected with plenty of drilling results due.
Below is the link to the recent announcement
http://www.asx.com.au/asxpdf/20071221/pdf/316nbgg8t3vrll.pdf
PRE is one of the exciting spec gold plays, with a big start to 2008 expected with plenty of drilling results due.
Below is the link to the recent announcement
http://www.asx.com.au/asxpdf/20071221/pdf/316nbgg8t3vrll.pdf
some larger buy orders now appearing above the 4.5c level, would guess this is traders wanting to grab a stake before the next round of drilling results from the Redcliffe Gold Project, as I previously posted the company received the results just before Christmas and ran out of time to plot and process them, with most companies back on deck today I would expect to hear something out of PRE either later this week or definately next week.
Could be an interesting short term trade.
Anyone else watching or holding PRE?
Below is a list of the current exploration activities for PRE
Redcliffe Gold Project
� A round of deeper RC drilling has been completed at the Nambi Pit, for which results are being processed and plotted.
� Drilling of several pre-collars was carried out in December in preparation for diamond core drilling at Nambi Pit scheduled for January 2008 designed to test
the lode at even greater depth.
� Additional RC holes were drilled at West lode and Redcliffe Pit Prospects.
� Detailed geological mapping has continued over the Nambi/Redcliffe prospect areas.
� Channel sampling of accessible pit wall exposures has been carried out at Nambi Pit, Nambi South Pit, and Mesa Pit.
Could be an interesting short term trade.
Anyone else watching or holding PRE?
Below is a list of the current exploration activities for PRE
Redcliffe Gold Project
� A round of deeper RC drilling has been completed at the Nambi Pit, for which results are being processed and plotted.
� Drilling of several pre-collars was carried out in December in preparation for diamond core drilling at Nambi Pit scheduled for January 2008 designed to test
the lode at even greater depth.
� Additional RC holes were drilled at West lode and Redcliffe Pit Prospects.
� Detailed geological mapping has continued over the Nambi/Redcliffe prospect areas.
� Channel sampling of accessible pit wall exposures has been carried out at Nambi Pit, Nambi South Pit, and Mesa Pit.
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pre-open depth looks encouraging, if it holds after open we should be able to hold any gain had today.
I've been holding for a couple of months and traded 2 or 3 times, currently 2 points below my average.
I've been holding for a couple of months and traded 2 or 3 times, currently 2 points below my average.
If gold keeps going on its current path, don't be surprised to see some of the spec gold sector stocks start to steal some of the iron ore sectors thunder.
With drilling results due from the Redcliffe Gold Project in Western Australia, where they have a strike length of 65km and are currently in the middle of a 30,000m drilling campaign, PRE is perfectly positioned to move significantly higher on positive news.
Its amazing how sentiment plays such an important part in the individual commoditity sectors, first we had uranium then nickel,oil,iron ore, and if the gold price is a leading indicator gold will certainly be the next hot sector.
With so much news upcoming and such positive recent exploration results, PRE is certainly one to be holding over the next couple of months.
Don't forget the company has already received the latest set of results from Redcliffe they are just plotting and processing them before they announce them to the market, leaving traders a perfect oppertunity to get aboard before the results.
Below is a company outline of recent exploration activities:
Redcliffe Gold Project
� A round of deeper RC drilling has been completed at the Nambi Pit, for which results are being processed and plotted.
� Drilling of several pre-collars was carried out in December in preparation for diamond core drilling at Nambi Pit scheduled for January 2008 designed to test
the lode at even greater depth.
� Additional RC holes were drilled at West lode and Redcliffe Pit Prospects.
� Detailed geological mapping has continued over the Nambi/Redcliffe prospect areas.
� Channel sampling of accessible pit wall exposures has been carried out at Nambi Pit, Nambi South Pit, and Mesa Pit.
With drilling results due from the Redcliffe Gold Project in Western Australia, where they have a strike length of 65km and are currently in the middle of a 30,000m drilling campaign, PRE is perfectly positioned to move significantly higher on positive news.
Its amazing how sentiment plays such an important part in the individual commoditity sectors, first we had uranium then nickel,oil,iron ore, and if the gold price is a leading indicator gold will certainly be the next hot sector.
With so much news upcoming and such positive recent exploration results, PRE is certainly one to be holding over the next couple of months.
Don't forget the company has already received the latest set of results from Redcliffe they are just plotting and processing them before they announce them to the market, leaving traders a perfect oppertunity to get aboard before the results.
Below is a company outline of recent exploration activities:
Redcliffe Gold Project
� A round of deeper RC drilling has been completed at the Nambi Pit, for which results are being processed and plotted.
� Drilling of several pre-collars was carried out in December in preparation for diamond core drilling at Nambi Pit scheduled for January 2008 designed to test
the lode at even greater depth.
� Additional RC holes were drilled at West lode and Redcliffe Pit Prospects.
� Detailed geological mapping has continued over the Nambi/Redcliffe prospect areas.
� Channel sampling of accessible pit wall exposures has been carried out at Nambi Pit, Nambi South Pit, and Mesa Pit.
Another massive rise in gold tonight, expect to see some interest in the gold spec sector, especially in companies with results due and drilling campaigns underway.
PRE is perfectly placed to benefit from the rising price/interest in the gold sector with a massive 65km strike and a 30000m drilling campaign underway, expect plenty of upside from these levels
PRE is perfectly placed to benefit from the rising price/interest in the gold sector with a massive 65km strike and a 30000m drilling campaign underway, expect plenty of upside from these levels
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