PRE - Pacrim Energy

[Sean K]

anyone know the reason for the rocket under this one today ? up 50 percent
to 1 cent. havent seen any announcements ??

jc

You might need to check the ASX announements to find the announcement jc.

They have confirmed a little near surface gold, which was obviously leaked the day before.

Must be an investigation by ASIC.

 

[jonnycage]

You might need to check the ASX announements to find the announcement jc.

They have confirmed a little near surface gold, which was obviously leaked the day before.

Must be an investigation by ASIC.

cheers kennas, found it in the end. insider trading still going strong i see : )

sold a parcel of them at 1.5 cents, ill ride the rest out with the wave..

jc

 

[jonnycage]

breaking out a little today, a lot of volume, any one following
out there, 20% up. maybe the mining lease is getting closer lol

j c

 

[Sweet Synergy]

Hi Jonny,

Yeah am now following this one. Chart is looking very promising as its crossed over the falling resistance lines and if it breaks .013 which is significant .... looks like it might go for a good run ... esp with the vol behind it today, which was bullish ... high vol up, low vol on the pullback. (daily chart posted)

Had a quick look through past news and see the Company completed a Share Purchase Plan mid year raising $1.5 million to be utilised in advancement of work programmes for its gold holdings. Very strong shareholder support resulted in early closure of the issue which was almost two times oversubscribed.

With gold now over $1050.00 this looks like its all lining up for a move

 

[jonnycage]

great graph cheers for your input mate, my average holdings is at .008 cents
so will ride this out. looks like reasonable times ahead and watching with
close interest

jc

 

[Tukker]

Im confused. Is Pacrim Energy producing gold? If it isn't how does the price of gold effect the value of the stock at present?

Technically i like the chart, i will watch this one today.

 

[jonnycage]

gday tukker


its aiming to produce gold : ) at 1 cent a share not there just yet,
so with the hope of mining the gold its going to go up with the gold price

jc

 

[angk43]

any new thoughts on this stock.... directors are buying up stock ..price has flatlined. i hope it hasn't died..

 

[jonnycage]

cant say i know of much new, still looking for gold, trying to put
together a proposal to mine, who knows

j c

 

[angk43]

thanks,i think its the old saying, if you haven't got anything good to report, dont report at all. i'll keep waiting as i did with GRY

 

[jonnycage]

so a group of private investors have got in at .07 cents, building another
1mill of funding. still holding, may grab some more. any thoughts or followers
here presently ? j c

 

[jonnycage]

did anyone take up there allotment with options ? i did, dreaming sure,
but maybe more gold to be found ?

j c

 

[noie]

Abundant High Grade Gold Assays from Diamond Drilling -
Intercepts Include 69m @ 6.80g/t and 17m @ 5.86g/t Gold


SP+ 33% hence the 125,973,180 shares traded in the first 2hours.

ppl in at .07 should be well happy

 

[jonnycage]

yep finally a little joy, where to from here ??

might have to buy those options out now i think, even though have till next year lol

j c

 

[jonnycage]

upward trend beginning ? close at 1.5cents yesterday, lots
of volume , any followers ?

j c

 

[newanimal]

Looks like beginnings of an uptrend trend to me. Lots of positive announcements with volume since aug. Been holding since feb.
N A

 

[Sean K]

Depends on the time frame really.

Very short term it's started to go up, but until .012 ish is firmly broken and established as support, this is going medium to long term sideways. This has continued to look like it might break up for 2 plus years, but then falls back just as quickly. Looks promising on that volume though.

 

[jonnycage]

great graph mate cheers, long time holder at 0.007 cents and have
the options from the lost lot up my sleeve.

interesting times for this stock

j c

 

[newanimal]

No trades today. I saw no announcement re trading halt for PRE. Anyone know whats up?

 

[burglar]

No trades today. I saw no announcement re trading halt for PRE. Anyone know whats up?

PRE are not on trading halt.
Just put some for sale at AUD$0.011 and wait!