There is certainly potentially exciting upside potential from the results given historical grades.
"Some of the better historical drilling intersections at Plateau include 89m @ 1.6g/t Au and 44.5g/t Ag from 61m (hole PL102), 11m @ 2.0g/t Au and 14.3g/t Ag from 44m (hole PLP127) and 8m @ 3.4g/t Au and 10.1g/t Ag from 39m (PLP130)."
Drilling completed.
Chief Executive Officer of Papua Mining, David Price commented: "We are pleased to have our first drilling campaign completed ahead of time and within budget. Papua is now in an excellent position to have all drilling samples analysed, verified, interpreted and remodelled within an efficient timescale. We look forward to updating our shareholders on the results of this drilling programme."
"#BLUR No stock at 6.5p 2day. 7p+ about to be Broken and then when that happens watch these fly. Remember The Tops Target here is 15p initially and then 20p+ on positive news. Robert Keith already working his magic. Recovery play of 2017/2018-Game on."
https://twitter.com/TopTradersADVFN/status/938691507011424256
Nice intraday turnaround today with dip buyers taking advantage of the pullback.
The share price is trending up and appears to have revisited the prior breakout point. So a possible case of resistance turning to support.
Clearly HSBC are keen with their recent stakebuilding around this level. As is Robert Keith with his sizeable stake.
Definitely looks to be a good possible recovery story here given the recent trading statement.
The price has been moving sideways in a low base for a good long while now.
http://goo.gl/257NQf
Once it breaks above the top of the low base there could be a significant move upwards.
The pattern is very clear and I'd imagine others will be picking up on it, especially given LION and SRO in the past couple of days.
They'll be looking for the next PJ stock which hasn't moved yet and which has the potential to move up significantly in a short periof of time.
And PML is the ideal candidate. Right down at lows where PJ has invested significant amounts. As have the directors.
And with the potential drill result catalyst in the very near future.
There is a very clear pattern of PJ stocks really rocketing in recent months and weeks.
GGP, CON, THR, LION and now SRO.
One that hasn't moved yet but is definitely worth researching is PML.
SRO flying today and joining the list of PJ stocks which have really rocketed.
GGP, THR, CON, LION and now SRO.
PML is a late starter, but if this follows the very obvious pattern then it could be the next major mover.