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PVM - PMI Gold Corporation

System

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PMI Gold Corporation (PVM) is a junior gold exploration company trading on the TSX Venture Exchange under the symbol PMV and on the Frankfurt Stock Exchange under the symbol A1C7LH.

PMI Gold controls 537 square kms of gold exploration concessions and mining leases in Ghana in the middle of one of the world's most productive gold mining areas, commonly known as the "Golden Triangle".

http://www.pmigoldcorp.com
 
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I bought into these guys a few minutes after they listed. They opened at 70c and I bought a parcel at 60c. They've since drifted down to 53c on what seems to me very low volume.
For a company that claims to have 2 million ounces coming on tap, a market cap under $100m seems low to me. Company propaganda can be found here http://www.pmigoldcorp.com/i/pdf/PMI_FactSheet.pdf
 
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270 % increase in Obotan Project Gold Resources - Oct 14

Share price shoot to $1.20 - $1.30 from .60s
 

prawn_86

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Got alerted to this from a mate. Double top forming?

Anyone watching this one?
 
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Management have no experience in Ghana - best bet for this is for someone to step in and take them out
 
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Re: PVM - PMI Gold Corporation,my first look at PVM...TB

i got put onto this by the fund i found recently called fairview equity who are only small but

a very good performer just one of the options i am looking to as to where to

invest lifetime payout so.here is what fairview said about PVM...TB


"PMI Corporation (PVM) is a Ghanaian based, high grade, open pit gold mine developer. We believed

the discount it trades on to both the overall gold sector and its West African peers is excessive and it

was added to the fund during March."
 

springhill

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Encouraging Shallow Gold Intersections Recorded at PMI Gold’s Afiefiso Prospect, Ghana

Key Points
• Drilling completed and all assay results received from first pass Aircore exploration drilling undertaken by PMI at the Afiefiso Prospect, located 12km south-west of the Obotan Gold Project.
• Shallow mineralization intersected over previously defined gold in soil anomaly.
• Afiefiso lies within the Asankrangwa Gold Belt and located near the junction of the prospective Fromenda Shear with favourable east-northeast trending cross-cutting structures.
• Aircore drilling program represents first exploration campaign by PMI at Afiefiso.
• Encouraging results include:
o 16m @ 1.73 g/t Au from 11m (including 3m @ 7.58 g/t Au from 19m)
o 15m @ 1.16 g/t Au from 48m (including 2m @ 4.99 g/t Au from 48m)
o 3m @ 13.64 g/t Au from 12m (including 1m @ 40.57 g/t Au from 12m)
 
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PVM has a rounded bottom/cup formation which is 2/3 complete. They are usually good continuation patterns.

Breakout price probably still at 94c (or 97.5c). Currently 93c.

If it forms a 'handle', a low of 87 would be optimal entry (blue horizontal).

Full completion of the cup would be 1.30, but I think 1.20 a better target (blue parallels).
 

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PVM has a rounded bottom/cup formation which is 2/3 complete. They are usually good continuation patterns.

Breakout price probably still at 94c (or 97.5c). Currently 93c.

If it forms a 'handle', a low of 87 would be optimal entry (blue horizontal).

Full completion of the cup would be 1.30, but I think 1.20 a better target (blue parallels).
I agree with what you have already said,

05-10-2012 12-34-48 PM.png

I see that 90c level as quite significant, and that low volume down bar as the perfect entry point. Next week will give us the answer, but at this stage thanks to Gringotts Bank for pointing this out. A good entry point and an easy 1.20 target, all things going well.
 
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I agree with what you have already said,

View attachment 49206

I see that 90c level as quite significant, and that low volume down bar as the perfect entry point. Next week will give us the answer, but at this stage thanks to Gringotts Bank for pointing this out. A good entry point and an easy 1.20 target, all things going well.
Ha what a good lesson on checking cash at bank
Capital raising announced and a serious drop today.
 
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Ha what a good lesson on checking cash at bank
Capital raising announced and a serious drop today.
A spanner in the works. I've decided to hold for now and see if the pattern can re-establish itself. Did you sell Jeff?
 
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CR priced at 84c, closing price 85c. Damage is already done, couldn't step aside but I onnly have a small amount so I am not crying.
This will most likely kill the action until November 13th unless gold starts moving strongly up or there is a significant intersection. At this stage anything could happen, but a stupid mistake nonetheless.
 

System

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On February 10th, 2014, PMI Gold Corporation Limited (PVM) was removed from the ASX's official list following completion of the statutory plan of arrangement and approval by the Supreme Court of British Columbia.
 

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