Australian (ASX) Stock Market Forum

PEM - Perilya Limited

brerwallabi

The Oracle
Joined
Jul 5, 2004
Posts
570
Reactions
38
PEM is starting to look interesting up 8 cents from 74 cents last week to 82 today, big volumes for PEM 2.5m in last two days have not seen that volume for over 3 to 4 months. The are well and truely over production problems of earlier this year which was really a one off. Has some possibilities I think anyway else share an opinion?
 

brerwallabi

The Oracle
Joined
Jul 5, 2004
Posts
570
Reactions
38
Re: PEM a lot of volume the last couple of days

PEM again goes up, hopefully to test 82cps again, I managed to pick up a few more at 72cps last week, closed at 77 tonight, will hang on to these. When the news starts to flow from the Dasy-Milano and Potossi mines coming in to production it should push PEM back to last years prices I hope. I hold. Has anyone else considered PEM?
 

brerwallabi

The Oracle
Joined
Jul 5, 2004
Posts
570
Reactions
38
Re: PEM a lot of volume the last couple of days

Looks like this one might have slipped by a few of you, its worth looking into.
 

Attachments

RichKid

PlanYourTrade > TradeYourPlan
Joined
Jun 18, 2004
Posts
3,031
Reactions
3
Re: PEM a lot of volume the last couple of days

Em, too high for me now, wonder if it's ranging. Must have a closer look some time. You bought at the right time Brer! All the best!
 

brerwallabi

The Oracle
Joined
Jul 5, 2004
Posts
570
Reactions
38
Re: PEM a lot of volume the last couple of days

"Em, too high for me now, wonder if it's ranging. Must have a closer look some time. You bought at the right time Brer! All the best! "
12th-January-2005 09:59 PM

Rich re your comment above, looks like it could test $1.00, if it breaks through I'm thinking around $1.20 will do me fine, but it could also fall back to the mid 70's. I understand your comment about being too high for you as the current chart does reflect an interpretation of that. This one has been a nice little earner as i have traded in and out several times last year but you won't see my shares for sale just yet. By the way Bolnisi is very worthwhile watching too, i picked up a small parcel.
 

RichKid

PlanYourTrade > TradeYourPlan
Joined
Jun 18, 2004
Posts
3,031
Reactions
3
Re: PEM a lot of volume the last couple of days

brerwallabi said:
By the way Bolnisi is very worthwhile watching too, i picked up a small parcel.
Yep, agree with you there. Started a thread on BSG last week, resistance breakout trigger is only a few cents away imo, I expect it to be explosive rather than slow considering the sp history: https://www.aussiestockforums.com/forums/showthread.php?t=831
 

brerwallabi

The Oracle
Joined
Jul 5, 2004
Posts
570
Reactions
38
Re: PEM a lot of volume the last couple of days

Well it made $1.20 fallen back but climbing back currently $1.18, not only a zincer but has some handy gold deposits up its sleeve, up 60% since I really got interested in this last July, looking for $1.35 now based on daisy milano and further good outlook in zinc prices. I was early into zinc PEM and CBH, I believe I am early enough into some goldies for a very enjoyable ride.
 

brerwallabi

The Oracle
Joined
Jul 5, 2004
Posts
570
Reactions
38
Re: PEM a lot of volume the last couple of days

Lot of talk on ZFX on this site, its not the only zincer around, I believe zinc still has further upside but is definately not a long term investment, CBH has had a few bit of news lately and looks good to go further, PEM has been dogged by a few bad news stories and the latest being the loss of long time CEO, its trending down at the momment it could continue down to 75cps or reverse back towards $1.20, much also depends on the Daisy Milano gold pourdue next month,not just a zincer, wonder if chicken can till me if there is any manipulation here re the 30% drop.I sold out on PEM @ $1.08 after my stop/loss was triggered watching very closely now trying to pick the bottom lol
 

Attachments

brerwallabi

The Oracle
Joined
Jul 5, 2004
Posts
570
Reactions
38
Re: PEM a lot of volume the last couple of days

I always keep some stocks on my radar and this has been one, this was a good one to trade about this time last year went from low 70's to a $1.20. Its looking very close to that again, this was another small cap that I think became a victim of the China debate and combined with some doubt around it broken hill mine performence and its daisy milano gold op this cascaded down. I am back in and my expectection is a few good trades in riding this back up, those bollinger bands are very tight a break out it seems is looking to open.



This view should not be taken as advice of any form.
 

Attachments

Porper

Ralph Nelson Elliott
Joined
Aug 11, 2004
Posts
1,383
Reactions
213
Re: PEM a lot of volume the last couple of days

brerwallabi said:
I always keep some stocks on my radar and this has been one, this was a good one to trade about this time last year went from low 70's to a $1.20. Its looking very close to that again, this was another small cap that I think became a victim of the China debate and combined with some doubt around it broken hill mine performence and its daisy milano gold op this cascaded down. I am back in and my expectection is a few good trades in riding this back up, those bollinger bands are very tight a break out it seems is looking to open.



This view should not be taken as advice of any form.
Very interesting reading peoples viewpoints and interpretation of charts.Only a beginner myself, but to my untrained eye I can't see any buy signals, only MACD, and this has not been appropriate for PEM.Seems to be in a downtred/ranging.If ADX started moving upwards towards 20 then I might think a breakout was on the cards.

As you say though brerwallabi, one to watch as it could well turn positive .
 

Attachments

brerwallabi

The Oracle
Joined
Jul 5, 2004
Posts
570
Reactions
38
Re: PEM a lot of volume the last couple of days

Agree this has been ranging and that can also a good time to trade a stock, PEM has come of a low of 65cps and is moving towards the testing of its 100 day moving average of 78cps and may test that this week. It may also fall back, I have covered myself for that and will then watch again for an opp to trade it as it continues to range.
 

brerwallabi

The Oracle
Joined
Jul 5, 2004
Posts
570
Reactions
38
Re: PEM a lot of volume the last couple of days

Well 71 cents Monday just went to 77 now this morning, fair bit of volume yesterday about to test 78 cents. Beautiful stock to trade.
 

brerwallabi

The Oracle
Joined
Jul 5, 2004
Posts
570
Reactions
38
Re: PEM a lot of volume the last couple of days

Porper said:
Very interesting reading peoples viewpoints and interpretation of charts.Only a beginner myself, but to my untrained eye I can't see any buy signals, only MACD, and this has not been appropriate for PEM.Seems to be in a downtred/ranging.If ADX started moving upwards towards 20 then I might think a breakout was on the cards.

As you say though brerwallabi, one to watch as it could well turn positive .
Porper are you still watching broke through 78which was my worry this time, now 80.5. I have held this time around, have bought and sold through previous ranging over the last 15 months and have managed to take advantage of any substanial previous rises as well, still believe this will go again, almost think I know it like the back of hand. Not one for the nervous though.
 

brerwallabi

The Oracle
Joined
Jul 5, 2004
Posts
570
Reactions
38
Re: PEM a lot of volume the last couple of days

I made my decision to take the profit at 79cps on PEM took it at 66.5cps looked like it was going sideways again. Good move as it dropped to 73cps all set to reenter and it jumped up to 80cps. PEM took a hammering from some analysts over the past two weeks who put 65 -70cps on it. It now looks with the Friday news of $36m in cash received for future sales of silver which really is a by product of their core mining activities that Pem has the ability now to fasttrack their development and exploration plans. I believe this company could grow into a far bigger enterprise then it is now over the next few years, it is now cashed up with a total of $50M and has some very interesting projects. Its Daisy Milano gold project in WA will be becoming stronger and stronger with production coming on stream now. I have been able to trade this very well over the last 15 months but this time when I get back in I think it might well go to 1.25 -1.30.It is primarily a zincer, lets not forget the big jump lately in Kagara and ZFX is well up.I cant see any reason for this not to progress.
My Ops only.
 

GreatPig

Pigs In Space
Joined
Jul 9, 2004
Posts
2,368
Reactions
10
Re: PEM a lot of volume the last couple of days

Here's my chart for PEM.

I bought in at 76.5 cents back in early August and am still holding. I'm hoping with the jump up on Friday, it might continue on up for a while.

But of course you never know...

Cheers,
GP
 

Attachments

brerwallabi

The Oracle
Joined
Jul 5, 2004
Posts
570
Reactions
38
Re: PEM a lot of volume the last couple of days

Pem finally broken through took longer then I thought took another profit again this morning.Feel it still has the potential to go $1.20 plus especially with the outlook for zinc. Hope I can read PEM, will look for the pullback to 79cps and get back in. My strategy with this stock in trading in and out has been a great money spinner for me this year. If you follow a stock real closely and get to know it as well I beleive I know Pem - it almost is a guaranteed income stream.
 

Attachments

brerwallabi

The Oracle
Joined
Jul 5, 2004
Posts
570
Reactions
38
Re: PEM a lot of volume the last couple of days

Porper said:
Very interesting reading peoples viewpoints and interpretation of charts.Only a beginner myself, but to my untrained eye I can't see any buy signals, only MACD, and this has not been appropriate for PEM.Seems to be in a downtred/ranging.If ADX started moving upwards towards 20 then I might think a breakout was on the cards.

As you say though brerwallabi, one to watch as it could well turn positive .
PEM still looks very healthy to me reentered early October and was able to take the benefit of the ride up to $1.00 and sold. Now back in @ .90c and holding, chart looks interesting, still trending up from mid July with a further upside indicated. Hey Porper did you ever buy this one.
 

Ann

Joined
Dec 24, 2005
Posts
2,093
Reactions
1,042
PEM ....time for caution?

Excuse my intrusion, may I offer a slightly less optimistic view of this stock?
 

Attachments

brerwallabi

The Oracle
Joined
Jul 5, 2004
Posts
570
Reactions
38
Re: PEM ....time for caution?

Ann said:
Excuse my intrusion, may I offer a slightly less optimistic view of this stock?
Interesting but the chart looks somewhat different over a 12 month period and the last 5 1/2 months is a clear uptrend although some pullbacks on the way. What is helping this along the way is the zinc price, over the last few years I would say PEM has disappointed some hence the drop from the $1.20's of earlier this year but it is a junior miner and a diversified one at that and one that has encountered some setbacks on the way. It looks like a continuation of an upward trend to me.
 

Attachments

Ann

Joined
Dec 24, 2005
Posts
2,093
Reactions
1,042
Re: PEM a lot of volume the last couple of days

Hi brerwallabi,

Let's do that shall we.....what I see if I don't look beyond twelve months.

I always look as far as I can normally. I always like to know if there is a bus coming at me from a distance....
 

Attachments

Thread starter Similar threads Forum Replies Date
D BEX - Bike Exchange Limited Stocks 0-H 5
System 5GG - Pentanet Limited Stocks I-P 2
frugal.rock SAN - Sagalio Energy Limited Stocks Q-Z 1
System ACE - Acusensus Limited Stocks 0-H 0

Similar threads

Top