PRU - Perseus Mining

[skyQuake]

Should have seen last nite's price action in Canada.

Ran to $4.30~ Australian cause some bot screwed up lol.

 

[Sean K]

Not too many better performers the past 2 years. Amazing really. If you put an AND per ounces to MC on them ($1400 an ounce) they'd have a $9.8b MC. I think Redback went for $7b. so they still have some upside perhaps in the current climate. It's an Indian Summer for gold explorers really.*

 

[TabJockey]

13c, 4.4pc jump on open today, smells like another juicy announcement.

Wish I had the cash to jump back in Would buy in at anything under $3.50 before christmas.

 

[TabJockey]

And another 8pc jump, whatever is in the works must be pretty substancial.

Bought at 79c and sold a year later at $2.40 which isnt bad but $3.25 only a month later makes me a bit sad

 

[Sean K]

And another 8pc jump, whatever is in the works must be pretty substancial.

Bought at 79c and sold a year later at $2.40 which isnt bad but $3.25 only a month later makes me a bit sad

Nice one. That's a fantastic win. One of the best performing ASX200 stocks the past year or so.

If the break through $3.00 is a true break you'd expect that to now be support and a bounce from that area.

 

[skc]

Nice one. That's a fantastic win. One of the best performing ASX200 stocks the past year or so.

If the break through $3.00 is a true break you'd expect that to now be support and a bounce from that area.

Printed a low of $2.57 this morning on a 2 minute panic candle. Still down 6% at the moment. Volume is high for this time of the day. No other gold stock has moved as much.

Perfect buying opportunity on retracement? Or something more significant?

 

[TabJockey]

Printed a low of $2.57 this morning on a 2 minute panic candle. Still down 6% at the moment. Volume is high for this time of the day. No other gold stock has moved as much.

Perfect buying opportunity on retracement? Or something more significant?

Its been running on a stream of good and great news. I think that the market is just reacting to a lack of news and taking thier massive profits. I would buy in if I had the cash, its obviously a volatile stock. Also they are not too far away from production now, and once that starts all the conservatives will get on board.

 

[TabJockey]

Bought in today at $2.72. If the stock price does not go up to $3 in 2 or 3 days I will have to sell something else to settle the PRU .

Its tough being a student nobody will lend you a few quid.

 

[Boggo]

Perfect buying opportunity on retracement?

My last entry was at $2.52, stopped out at $2.99.

Watching patiently at the action around $2.81 today to see if the sellers get control.

(click to expand)

 

[TabJockey]

The only reason for the drop was that an analyst dropped it to a hold, and moved his price target from 3.20 to 3.05, wasnt it?

 

[skyQuake]

The only reason for the drop was that an analyst dropped it to a hold, and moved his price target from 3.20 to 3.05, wasnt it?

Looked like just a large position unwinding. The analyst recommendation came out a full day or two before the drop

 

[Sean K]

Stop losses / panic selling / coming back to reality for a while perhaps. Surprised 3 bucks didn't hold a little better, but not surprised by the bounce off that sell off. Nothing just keeps going up...

 

[Sean K]

I think Tengrela in Ivory Coast DFS and Reserve upgrade is due in October.

Hopefully the numbers get bigger all round.

Aiming for 1m oz Reserves there by end of the year, might be a stretch.

 

[jancha]

Stop losses / panic selling / coming back to reality for a while perhaps. Surprised 3 bucks didn't hold a little better, but not surprised by the bounce off that sell off. Nothing just keeps going up...

PRU.AX
As of: 15:19

Last
2.75
Change
-0.05 (-1.79% )

Volume
1,042,618
Day's Range
2.73 - 2.79

Prev Close
2.80
52wk Range
1.17 - 3.36

Open
2.75
EPS (ttm)
N/A

Market Cap
N/A
P/E (ttm)
N/A



Technical Analysis

Overall


What's this

Targets
Six months: 3.92 One year: 4.58

Supports
Support1: 2.56 Support2: 2.07

Resistances
Resistance1: 3.36 Resistance2: 3.92

Pivot Point
3.01

Moving Averages
MA(5): 2.87 MA(20): 3.00

MA(100): 2.44 MA(250): 2.05

MACD
MACD(12,26): 0.03 Signal(12,26,9): 0.08

Stochastic Oscillator
%K(14,3): 25.32 %D(3): 27.57

RSI
RSI(14): 43.69

52-Week
High: 3.36 Low: 1.27 Change(%): 114.7

Average Volume(K)
3-Month: 2329 10-Days 2264.030029

Price and moving averages

Price and moving averages has closed below its Short term moving average. Short term moving average is currently above mid-term; AND above long term moving averages. From the relationship between price and moving averages; we can see that: This stock is NEUTRAL in short-term; and BULLISH in mid-long term.

Bollinger Bands

PRU.AX has closed above bottom band by 9.2%. Bollinger Bands are 37.5% wider than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

★ Strong Sell ★★ Sell ★★★ Neutral ★★★★ Buy ★★★★★ Strong Buy

 

[Sean K]

Technical Analysis

Overall

Price and moving averages has closed below its Short term moving average. Short term moving average is currently above mid-term; AND above long term moving averages. From the relationship between price and moving averages; we can see that: This stock is NEUTRAL in short-term; and BULLISH in mid-long term.

Just on basic Support it should find a balance around the blue lines all things being equal. Other indicators confluating around that point also.

Is confluating a word?

 

[Boggo]

Weekly chart tells the story, both the daily and weekly continue in the same direction.

(click to expand)

 

[TabJockey]

Anyone got any analysis on the announcement today? Looks like we might see some healthy gains across the board today. *touch wood*

 

[Sean K]

Anyone got any analysis on the announcement today? Looks like we might see some healthy gains across the board today. *touch wood*

Further exploration success that could turn into more ounces pending future drilling. They've been very successful in discovering new deposits the past few years. Another 3m ounces would take them over the 10m mark and make them quite significant. We don't know the significance until follow up drilling to determine continuity and widths depths etc. Prospective though.

WEST AFRICAN EXPLORATION UPDATE
Accelerated Exploration Delivers New Discoveries

Perseus Managing Director, Mark Calderwood’s Comments

“The Company has managed to complete 50,000m of drilling over the past two months, taking our total in the past seven months to 176,000m.”

“The assay flow from our increased exploration efforts is paying dividends, with several new potentially significant discoveries to add to two discoveries made last quarter.”

“The Company is now in a position to step up drilling to enable timely follow-up drilling of the large number of deposits and prospects identified to date.”

Highlights

• Several potentially significant new discoveries made at the Tengrela Gold Project in Côte D’Ivoire, including:

Podio - First pass RC drilling returned several high-grade intercepts over 1.5km strike including 8m at 30.0g/t, 4m at 13.0g/t and 2m at 21.0g/t Au.

Sissingue East - Reconnaissance drilling returned 5m at 18.5g/t Au at the bottom of a 77m deep hole, 650m east of the main zone at Sissingue.

Papara - 12m at 5.0g/t Au in RAB drilling.

 

[pedalofogus]

Hi guys,

I am looking at adding PRU to my portfolio as another addition to my 'gold exposure' stocks.

For those of you that have been watching PRU for a long period of time, do you think it is a good choice as an exposure to the ever-rising price of gold?

Cheers
Pedalofogus

 

[Sean K]

PRU could be in the cross hairs for other smaller goldies now to try and fill the LGL void in the 'mid cap' area. KCN look like they're trying to fill the void, but PRU could quite possibly get in there if they wanted to also. It seems inevitable that they will be part of any further consolidation. Easy pickings for NCM if they wanted to bolt on 200-400k more ounces production per year.