Aloysius,
I have no clue what they will be reporting in the near future. I have been told that they are expecting more deep/shallow hole results.
They are still pathetic with regard to promotion and IR! I have been told that this will improve, but have not seen any improvements YET!
How many other mining companies can claim over 1 million ounces og gold in Indonesia? This is JUST from Doup/Bentang and will most likely be upgraded when they expand Bentang. NOTE: most of the shallow holes were done at Doup with a few at Bentang/Parabo/Tungau.
They drilled some deep holes at Bentang but that is it. I expect them to continue to drill with the depp rig at Bentang to try and expand this area of mineralization. I also expect them to continue to drill with shallow rig at Doup South/Parabo/Tungua. Their resource estimate is just for Doup/Bentang and does NOT include surrounding areas WHICH ARE DEFINITELY MINERALIZED.
Also, note that they are trying to locate the contact between sediment and intrusive rocks near Tapabeken. This area is 1 km south of Doup.
MARKET PERCEPTION: Since this company does not promote (which I think is very important) many analysts are staying away from it. Analysts are interested in companies that have quality management, good properties in "hot" areas, and low market cap. But, they are also interested in companies that WILL promote so that the share price will increase with good results. PAW is lacking promotion, thus lacking analysts following, thus the stock is at the current levels INSTEAD OF THE $6.00 LEVEL LIKE PALMER, PACIFIC AMBER, CONSOLIDATED SILVER TUSK (before its fall), BORNEO (likewise), etc....
I like this stock and have calculated a price of $6.50 before I begin to sell. That is what I think the company is worth.
Good luck. Response?
David |
