PSV - Perseverance Corporation

[yogi-in-oz]

Hi folks,

PSV ..... coincidentally, has come to the confluence of
3 major time cycles this weekend ... so, just as Friday
had a narrow range, then we would expect Monday to be
the same, next week.

Other key dates for PSV:

08032006 ..... significant news, but may not
be all positive ... price = 37.5?

15032006 ..... positive spotlight on PSV???

20032006 ..... minor and positive???

24-28032006 ..... 2 cycles here - minor and positive,
price = 37.5???

300306-01042006 ... minor financial news???

04-05042006 ..... significant and negative ???

12042006 ..... significant news here???
Price = 37.5???

14-17042006 ..... minor cycle

28042006 ..... significant financial news ... ???


02052006 ..... minor news

15052006 ..... minor and positive???

17052006 ..... minor and positive news???

25052006 ..... minor cycle

31052006 ..... significant and negative news???

happy trading

yogi



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[Sean K]

PSV is a gold producer and explorer, with operations conducted in Australia. PSV's flagship project is the Fosterville Gold Project near Bendigo in Victoria. Fosterville also has several mining tenements in the surrounding region of Victoria.

The Fosterville gold project is a substantial mineralised system with potential to be developed and expanded. A couple of years ago, PSV completed the Fosterville Gold Project Feasibility Study. The project is expected to have an initial mine life of about 8-10 years and production is expected to average in excess of 110,00oz of gold per annum. PSV has produced more than 385,000oz valued at over $A210 million. It's currently hedged at 25%.

Recently the sp broke out through .40c and was about to hit .50c when the recent correction kicked in. Incouragingly, the sp has held up and has held at .47c. It seems to have found great support on volume.

Today it was announced that AMP had become a substantial shareholder. That brings thier corporate ownership to:

Palmaris 25%, Merrily Lunching 13%, Commonwealth Bank 5.5%, AMP 5.2%

There is a lot of interest in this company. Any rebound in gold will be good for PSV I feel and it will march on.

I have held for a while but bought in again when it went through 40c.

 

[Sean K]

Merrils ups stake to 15%. Something fishy going on here. Could be in for a corporate play on this. Hhhmmmm.

 

[Sean K]

PSV to takeover Leviathon (LVR) creating a gold company with over 5m oz Au and massive tenament holding in central Victoria.

Damn, why couldn't someone takeover PSV instead. Still, will put PSV more on the map than before. People will have to take notice.

Anyone else holding this? Think this is a good deal? By the lack of talk on this forum I assume I'm the only holder....

 

[3 veiws of a secret]

PSV to takeover Leviathon (LVR) creating a gold company with over 5m oz Au and massive tenament holding in central Victoria.

Damn, why couldn't someone takeover PSV instead. Still, will put PSV more on the map than before. People will have to take notice.

Anyone else holding this? Think this is a good deal? By the lack of talk on this forum I assume I'm the only holder....

I have this share on my radar only because Westpac broking had this stock as a speculative buy geee that was when it was at 45>50 cents ???! I think your alone with this one Kennas -keep proping it up your doing a grand job .

 

[Sean K]

AMP upping it's stake to almost 12%. Was 5% not long ago...Good news for PSV holders.

I've read a few average reports saying the LVR thing is a pretty short sited acquisition since their mine life is pretty short. Five more years I think. I suppose there's potential though for synergy with equipment, staffing and processing....SP has steadied and improved after the merger news which is good. Perhaps the tenaments they hold are good long term prospects.

Looks like they might be in the running for some of CRS's assets too which are pretty good. Norseman is actually a decent mine, they just stuffed up with forward contracts hedged at a low price.

Still my average entry on this is $0.34 and have bought in a few times...Come on NEM, wouldn't you like PSV?

Chart is pretty average. Just looking to break some resistance at $0.34, then needs to get through a solid wall at $0.37 before it could be heading back up to old highs.

Can someone else please start ramping this for me? I need to cash in to buy my yacht....

 

[Ken]

its on westpacs speculative buy.

i would look at this stock when the market has a correction.

surely its due sometime this week. bhp and rio tino have risen ov er 10%

 

[Sean K]

PSV looks to be forming a big rounded bottom after comming off lower support level of $0.30. Will be some resistance at $0.37 but if it clears this perhaps the rounded bottom will eventuate?

Looks like the LVR buy hs been considered OK by the sp reaction since.

 

[Sean K]

Looks to be breaking downward trend.

Rounded bottom eventuating, on way up the other side.

Pretty boring compared to Zinc stocks, sorry. :

 

[Sean K]

Might be just POG related but PSV still showing signs of pushing up. Broke through $0.35 area just and traded above $0.36 maybe breaking $0.37 resistance. Rounded bottom still looking....um....rounded.

 

[Sean K]

PSV breaking up and out. Almost at $0.40. I've been waiting about 12 months for this!

 

[marc1]

PSV breaking up and out. Almost at $0.40. I've been waiting about 12 months for this!

kennas you mentioned ramping psv up for your yacht , i would just like my bl##dy money back 12months owes $0.42 any hope this year ?
cheers

 

[Sean K]

kennas you mentioned ramping psv up for your yacht , i would just like my bl##dy money back 12months owes $0.42 any hope this year ?
cheers

That's not much of a ramp for me marc! It's a big yacht!

On the 3 year chart it 's going to hit a headwind at $0.40-42 unfortunately. Gold off to $635 ish, so it won't be today I think.

After looking at the LVR acquisition more, I'm still not entirely sure of it's value except for the extensive tennaments in Victoria that they now own. They should find some more gold out there, but it's a long term propersition. Short term, some cash flow, and the planned closure of the mine coincides with ramping up Forsterville, so maybe ok? Maybe.

My average price for this is about $0.32, so I'm just getting into the money really. I might sell at around $0.40 unless there's some new news, or POG definately breaks through $640. I'll then be holding all my gold stocks and probably topping up.

 

[marc1]

Kennas thanks for your charting etc on psv i will hold and hope pog has a run and it runs with it.
ps make sure that yacht is the biggest and best you can afford , because as far
as i can see your only here once !
cheers.

 

[zed327]

Bought in today at 38.5c.Sonray have a big buy on it-Grandich saying gold to break through next week and the charts indicating a breakthrough was enough to convince me.Time will tell as i sold my usa to do this (the options felt as though i was the donkey following the carrot on the end of a stick).

 

[zed327]

gold broke through the key resistance of $640 last night and is currently trading around $647. Should be some significant upside for psv.

 

[Sean K]

gold broke through the key resistance of $640 last night and is currently trading around $647. Should be some significant upside for psv.

I hope so Zed, but don't count your chickens. PSV sometimes go the other way to POG! I figure it's just got to break out of the trading range between $0.30 - $0.40 some time.....

 

[zed327]

The old gut feeling kicked in again.

 

[junmonkey]

PSV. Bought it at 0.33 about a month and a half back. Its been on a steady climb and its looks to go further

 

[Sean K]

PSV. Bought it at 0.33 about a month and a half back. Its been on a steady climb and its looks to go further

Needs to hold above $0.38 (short term support), or it's back to $0.36 where there's a bit more...