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Gold/Mining/Energy : Plata Mining Limited (PMT.A)
PMT 12.040.0%Oct 31 9:30 AM EDT
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To: spinner who wrote (35)2/24/1999 2:37:00 AM
From: Ulster1  Read Replies (1) of 68
 
Stock Price and PMT
Spinner,
After you read Goldberg's latest post you will see how I base part of my stock price theory. First of all we must realize that Charlie is merely making a personal prediction (and I do not think he is an analyst...not that an analyst's opinion is worth much anyway.) I do believe that the stock price will fluctuate upward. Any successful small cap stock that I have played has always moved upward with a sawtooth graphed motion. The fact that PMT is in the lower end of a sawtooth in no surprise to me. It would appear that much is happening right now with PMT. There is talk already about bringing the mine into production much earlier than originally planned, with increased projected production tonnage. This makes me wonder if there is actually more known about potential reserves than what insiders would let on. Charlie's 30 cent prediction would not surprise me at all. Remember, no analysts have been down there for quite some time. Investors might be shocked as to how much potential this mine could have. The movement in PMT today would suggest to me that there is more known about this Argentina Analyst trip than what meets the eye. Of course there is going to be much anticipation buying going into the Calgary meeting, with the hopes that more positive news about Argentina will be referenced. One must recall the announcement coming out right around the Edmonton conference. Perhaps the same timing is planned for this Friday. If that is the case we could see 40 cents next week.
Later,
Ulster1
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