TSXV:PEM.P - Post by User
Post by
prospector7on May 31, 2009 9:25am
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Post# 16030846
PEM is not a PUMP and DUMP STOCK
PEM is not a PUMP and DUMP STOCKLike I say have been around awhile. I use to work for companies that would write up a report what we had done in the field that summer, when we would come back to Vancouver in the fall and read the reports it was like what are they talking about we didn't do any drilling all we did was trenching. Those are pump and dump stocks all they are is a moose pasture.
If you have done your DD PEM is an exceptional anomaly sometimes you are lucky enough to find them on your own or you let the young minds do the research for you. Some people pay for news letters that alert them to stocks like PEM.
Myself personally I have never done that and always have my ear to the ground to hear about the next big one.
I have grown to like SH and like that there is a young DD super star on the BBs here called CoffinTrader.
Who tells it like it is through intensive DD work. My guess is he pays a lot of $$$ per month on subscriptions and internet sites to get info I can't. Once he makes a pick I phone the Company then do my own DD.
Some of you know me from other boards and I have posted how it all works with a certain stock. There is a coal play a few of us were in when asked I said it would play out this way and that it would be good to take your $$ and put it somewhere else because that certain stock isn't going to move until the drills start turning. That was in Feb. and the stock is still at .055 or .06.
When Coffin first talked about PEM it sounded good then the PP announcment came out and it held at .10 for a long time. Then the good news PP oversubscribed, we get noticed and have a pop is SP because of Coffin and his group. PEM gets noticed by a lot of other people because of the volume and a few institutions start buying.
The Institutions buy because from the history they know there is gold in that shear zone because of the 200 holes drilled by Kinross.
All of this makes PEM a good investment not a pump and dump. Coffin in his posts always says take a profit that is smart money talking. Coffin picks have all the right mixture for a winner #1 a good management team that knows the claims #2 low volume of outstanding shares #3 A company that has the chance of proving 2 - 3 million ounces of gold which will make it a take over target. PEM has all these and much more.
We are all in at the right time I'm guessing a news letter writer is going to write PEM up and the SP will pop to .18 that's when you could take profit but make sure you can get back in because a NR will come out about a drilling program, PEM probably has the NR ready for press release and the SP will hit around .22. If PEM was a pump and Dump people would be gone but not me because PEM is going to the moon when those new drill results come out. I have been around long enough to know those 200 historical holes with a 43-101 documenting them will turn up good results again with the experienced team PEM has on board. PEM will be around .50 or a bit higher this Aug.
The real bonanza will be with this inflation going to run and the POG going much higher PEM could be a take over target and we will all be rich because .50 will be a thing of the past.
This is why PEM is not a Pump and Dump stock and I for one know Coffins picks make $$$$ and he should keep up the good work if any of you haven't checked out his portfolio on his SH do so. Not many brokers can say they have gains like Coffin. Bash all you want I will check out Coffin picks any day.