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Playfair Mining Ltd V.PLY

Alternate Symbol(s):  PLYFF

Playfair Mining Ltd. is a mineral exploration company based in Canada. The Company’s main business is the acquisition, exploration and development of natural resource properties. The Company has interests in various properties in Grey River Newfoundland, Rostvangen-Kvikne-Vakkerlien Project (RKV Project), Folldal Project and Osterdalen Project. The Grey River property is located adjacent to the fishing village of Grey River (population of approximately 350 people) on the south coast of Newfoundland. The property consists of nine mineral claims (1,750 hectares). The RKV properties cover 201 square kilometers (km2) in a mining area about 100 kilometers (km) south of Trondheim by road. The RKV Project covers three Besshi-type Volcanogenic Massive Sulphide (VMS) copper mines (Rostvangen and Kvikne), a nickel-copper deposit (Vakkerlien) and over 20 additional known mineral occurrences. The Company acquired exploration rights on the approximately 216 km2 North Osterdalen Project.


TSXV:PLY - Post by User

Bullboard Posts
Post by Sunnybrook25on Mar 12, 2008 10:24am
514 Views
Post# 14645513

Opportunities

OpportunitiesThis stock took a tremendous hit in the past months due to lending crackdown on margin calls as the Banks tightened up risky loans by asking institutions and investment banks to put up more money. It's the worst crisis in 10 years since Russia's debt default in 1998. Behind the scenes, City Corp sold approximately 600K on the day of news announcement on Jan. 16th and many other institutions (James Raymond, ITG, Anonymous(or hedge funds), Canaccord) were forced to sell. Dumping was ususally exercised at the market opening. This irregular trading behaviour has been quite slowed down rescently. Other resource stocks were in similar situation sice Christmas holiday season, but recovered since last February/08. So why not on this stock? Part of problems on this stock was the lack of news releases. Drills were not deep enough and had to be redone. These drill results will be released along with other positive news soon. IMO, you should take this opportunity to improve your financing situation. HR Chinese company invested a total 19 million in Northern Tungsten and the shares of the Primary Metals in Portugal were sold at 200% of the share price prior to its sell-off. This company may not need 30 million if it works on JV with the world's high class financier. Things will start warming up within 10 business days......
Bullboard Posts

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