PRU - Perseus Mining

[Gringotts Bank]

Reckon it might put a few more cents on here.

 

[Sean K]

Reckon it might put a few more cents on here.

Chart looks like it's bottomed and broken up. On volume. Interesting. Has POG seen a bottom? ?

 

[Calliope]

It got away on me when I wasn't looking.

 

[Sean K]

It got away on me when I wasn't looking.

I'm just not convinced with a POG reversal.

But the world is still fvck*d.

Chart says bottom.

I'm vexed.

 

[mr. jeff]

high volume reversal may give you a chance to get in as the selling was strong yesterday - today will tell the tale on whether the move will be sustained but yesterday showed significant selling.

 

[Sean K]

Hooly dooly, POG has destroyed many investors if they were top heavy in the yellow metal believing that the 'printing-money-will-cause-gold-to-sky-rocket-scenario'. I was one of them but fortunately bailed due to life changing events. There are three expert commodity commentators who must be absolutely in massive rectal pain. Faber, Schiff and Rogers must be copping it. I think they are still calling hyper inflation. If not now, when? After it's being wound down? nope. The only way they could be right from here is if there's a significant WW and countries have to borrow to build up their armed forces. With nukes, I'm not sure if that will happen.

And, the effect on PRU.

 

[piggybank]

Hi,

I don't know if it as been mentioned in another thread but this stock as risen over 40% in the past 2.4 weeks on increased volume.

This was their latest Investor Presentation last Wednesday - 20th.

http://www.stocknessmonster.com/news-item?S=PRU&E=ASX&N=760351

 

[Porper]

Hi,

I don't know if it as been mentioned in another thread but this stock as risen over 40% in the past 2.4 weeks on increased volume.

This was their latest Investor Presentation last Wednesday - 20th.

http://www.stocknessmonster.com/news-item?S=PRU&E=ASX&N=760351

Nice break out of the basing pattern. Measured move $0.90. Longer term the 50% - 61.8% zone (see chart) much higher is achievable....Gold price allowing obviously. A lot of the media are bearish Gold...I am bullish until the patterns say otherwise.

I hold PRU

 

[greggles]

Perseus Mining charging ahead today after reporting that in the quarter to 30 June 2018 it has produced a record quantity of gold from its two West African mines with gold production of 83,881 ounces, up 31% on the March 2018 quarter.

Today's announcement has propelled PRU out of its previous zone of consolidation between 42c and 45c and it is currently trading at 48c, up 10.34% on yesterday's close. It's now well positioned to take on the 50c mark, but I'll just keep an eye on it for now to see how the price action develops over the next few days.

 

[peter2]

I like PRU as a reversal opportunity. Price has made a base and has just broken higher. The volume indicator TMF has been rising for a while and is above zero, indicating accumulation.

The weekly chart shows why this is a reversal as the trend is down.

 

[Knobby22]

Breaking out, bought in.

 

[greggles]

Breaking out, bought in.

PRU has had a good run since mid-last week, rising from around 45c to a high of 61c today. Volume for the last five trading sessions has been well above average.

There have been no announcements since 3 June. Any idea what might be going on?

 

[aus_trader]

PRU has had a good run since mid-last week, rising from around 45c to a high of 61c today. Volume for the last five trading sessions has been well above average.

There have been no announcements since 3 June. Any idea what might be going on?

View attachment 95588

Gap up in Gold price I believe...

PRU was the leader of the pack, but have a look at the top performing stocks today % wise, all are Gold stocks ! A Golden day for Gold bugs:

 

[greggles]

Gap up in Gold price I believe...

Yep, that'd be it. Talk about having a Homer Simpson "D'oh!" moment. I saw the share price movement, checked the announcements and posted without even thinking about the gold price.

Not sure my brain is firing on all cylinders today.

 

[Sean K]

I was well into PRU years ago and rode it for a while. Lucky to escape it falling completely off the perch in 2011. Something to do with politics in East Africa at the time I think. Could it all be resolved and it's breaking up. Or, just a gold price blip?

 

[aus_trader]

I was well into PRU years ago and rode it for a while. Lucky to escape it falling completely off the perch in 2011. Something to do with politics in East Africa at the time I think. Could it all be resolved and it's breaking up. Or, just a gold price blip?
View attachment 95610

Strewth, good timing in 2011. Not sure if it could multiply itself many times over to get back up to those levels but anything is possible with the leverage of a rising Gold price if sustained into the future...

 

[Trav.]

I jumped in on this one last week. SP has broken $0.60 again and hopefully PRU can continue to leverage of gold's good run.

 

[Sean K]

I jumped in on this one last week. SP has broken $0.60 again

Interesting set up Trav. Bit of a flag forming up on the yearly chart, the base at 44c. A break through 64c would be interesting.

 

[Trav.]

Interesting set up Trav.

Yes @kennas I just looked again at my post and I can see that you are being kind to my dodgy sketch.

The BO at 50c would have ideal but I agree the next BO at 64/65c will be interesting.

Today's action

 

[Trav.]

Good week for PRU with SP closing @ 65.5c and a quick look at the chart shows that prices haven't been at this level since Nov 2016.

Looking for + 70c.... lets see what happens