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Bullboard - Stock Discussion Forum Premium Exploration Inc PMMEF

Premium Exploration Inc is a mineral exploration company operating in Canada. It mainly explores and develops precious metal properties. The company owns an interest in Idaho Gold Project which includes Buffalo Gulch Zone, the Deadwood Zone, the Friday Zone, the Project X Zone, Monday Zone and the Lucky Strike Zone. It also holds exploration interest in Chrome Mountain Property.

GREY:PMMEF - Post Discussion

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Post by cashmoney88 on Oct 20, 2020 10:46am

PMMEF

So this is basically a trading shell on the pinks? I think the reason the company has nothing is cause they never really owned anything. I think all they had were options to acquire the gold properties they were once involved with. From what I understand if you own shares in Canada you are unable to trade them because of the halt that was put in place years ago.  Somebody must have controlling interest in the shell. You would think they would roll the shares back and put another deal into it.  I think that might be the only way anybody ever gets any money back out of this!  Regardless it's ridiculous that management never updated shareholders about anything.
Comment by rockport1 on Oct 20, 2020 11:57am
I think it would be wise to proceed with caution for any company in which John Patrick Ryan is involved.  When he was CEO of Premium, it essentially disappeared and so did all the properties.  As you say, no explanation. Probably warrants an investigation. It looks like the properties may have been sold for over $30 million at some point. What did the Premium shareholders get?  Zip ...more  
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