frizzers Posted February 16, 2008 Report Share Posted February 16, 2008 Beartooth are exploring for PGMs in North America, next to Stillwater, and in South Africa. Shareholders have been waiting an eternity for drill results on their North Amercian project, but the Rhodium assay delays have held things up. However, results are finally expected to be released early next week. Shareholders have been speculating like crazy as to whether these results will be good or bad and reading hundreds of different things into the hold up. 'The results are rubbish and they are waiting for the rhodium assays to try and save the day', runs one line of thinking. 'You wouldn't even be looking at the Rhodium were the platinum and palladium results not excellent and the company wants to present the full picture', runs the other. There is no way of knowing for sure which it is. All the CEO would say is that they're 'interesting'. I've never known the release of some results to be the source of so much excitement and these will make or break the company for the next 12 months imo, unless the South African results come back and change things. I mentioned this in my latest Moneyweek article - link here. Then on Friday the stock shot up from 11 to about 17.5c before pulling back to 15c. The thing is BTP traded over 10 million shares. That is the most they have EVER traded as far as I can see. Look at that volume ... What do people make of it? There's plenty of selling too. Is it caused by the Moneyweek piece? Does somebody somewhere know something? Speculations below ... Link to comment Share on other sites More sharing options...
drbubb Posted February 17, 2008 Report Share Posted February 17, 2008 Pacific Northwest Capital : PFN.t chart Looks a little gem. What they have is a big PGM deposit (mostly palladium), and Angloplats as a partner Other charts: Beartooth / BTP chart Gold Summit / GSM chart Are Junior platinum shares going to lead the junior golds "out of the basement"? I hope so. Link to comment Share on other sites More sharing options...
drbubb Posted February 17, 2008 Report Share Posted February 17, 2008 The year-to-date return on PGM juniors exceeds 100%. Beyond the recognised juniors, there are a number of outliers that can be considered within the sector, not least North American Palladium (TSX: PDL, C$11.25), Sylvania Resources (LSE: SVL, 81 pence), Beartooth Platinum (CDNX: BTP, C$0.16), Aim Resources (LSE: AIMR, 9.25 pence), Braemore Resources (LSE: BRR, 9.35 pence), and Consolidated Puma Minerals (CDNX, CPW, C$1.90). There is lots of evidence that professionals and speculators alike are trading heavily in platinum stocks. On Wednesday, to wit, Nkwe Platinum (ASX: NKP, A$1.01), closed down nearly 10% in Australia, while in later trade, North American Palladium shot up nearly 10% in Toronto. PLATINUM JUNIOR VALUATIONS Company...... AMC/oz*:Stk price/ Primary listing ARQ.t- : Anooraq.......... 11 : C$ 2.82 / Toronto - 1690733 CAL.t- : Caledonia Mining. 88 : C$ 0.17 / Toronto - 103296 ELR.t- : Eastern Platinum. 15 : C$ 2.67 / Toronto - 2736285 JLP.L- : Jubilee Platinum.. 6 : ££ 1.23 / London - 1223392 NKP.au : Nkwe Platinum.... 15 : A$ 1.01 / Australia - 1558493 PPD.au : Pan Palladium..... 3 : A$ 0.25 / Australia - 390357 PLA.au : Platinum Austral. 68 : A$ 1.80 / Australia - 215694 PMCI.L : PMC of India..... 27 : ££ 0.12 / London - 1954520 PPN.t- : Platmin Ltd...... 37 : C$ 9.50 / Toronto - 2390411 PTM.t- : PlatinumGr.Metals 32 : C$ 4.56 / Toronto - 1736999 RDG.L- : Ridge Mining...... 6 : ££ 1.51 / Toronto - 176068 WEZ.za : Wesizwe Platinum 123 : R 14.00 / JSE - Wesizwe Symbol : (Others) AIMR.L : AIM Resources....... : £ .0925 / London - 1948228 BTP.v- : Beartooth Platinum.. : C$ 0.16 / CDNX - 1219948 BRR.L- : Braemore Resources.. : £ .0935 / London - 1945004 CPW.v- : Cons. Puma Minerals. : C$ 1.90 / CDNX - 152461 GSM.v- : Gold Summit Corp.... : C$0.135 / CDNX - 1497967 PDL.t- : No.Amer. Palladium.. : C$11.25 / Toronto - 103469 PFN.t- : Pacific Northwest... : C$ 0.49 / Toronto -1300046 SVL.L- : Sylvania Resources.. : £ 0.810 / London - - * Adjusted market capitalisation, US$/ounce ** Under offer / taken over : APP.L- : African Platinum** 8 : ££ 0.55 / London - xxxxxx : Afriore**........ 15 : C$ 8.72 / Toronto - ELD.za : Eland Platinum**. 73 : R117.50 / JSE - Source: RBC Capital Markets /see: Advfn charts thread: http://www.advfn.com/cmn/fbb/thread.php3?id=16500505 Link to comment Share on other sites More sharing options...
jerpy Posted February 24, 2008 Report Share Posted February 24, 2008 Frizzers, Educate me if you don't mind. This looks long overdue or would you still regard this normal? Don't hold but watching with intrigue and trying to second guess outcome. Riggers Link to comment Share on other sites More sharing options...
frizzers Posted February 24, 2008 Author Report Share Posted February 24, 2008 Wish I knew. meanwhile another explorer Marifil announced some good grades in Argentina and was up 45% on Friday on the news. Link to comment Share on other sites More sharing options...
drbubb Posted February 25, 2008 Report Share Posted February 25, 2008 ... was up 45% on Friday on the news. PFN has risen over 50% also, but over a longer period of time Link to comment Share on other sites More sharing options...
Mattybuoy Posted February 26, 2008 Report Share Posted February 26, 2008 Conversely, look at Starfield Resources (SRU.TO). They released the results below yesterday, which I think are pretty good, yet the market response was precisely nothing. http://www.starfieldres.com/pr/02.25.08%20...s_%20Final2.pdf I suppose it might have something to do with the market cap being quite large already. Link to comment Share on other sites More sharing options...
drbubb Posted February 27, 2008 Report Share Posted February 27, 2008 Conversely, look at Starfield Resources (SRU.TO). Chart : SRO.t Its still digesting that big move up from last May Link to comment Share on other sites More sharing options...
frizzers Posted February 27, 2008 Author Report Share Posted February 27, 2008 BTP results out today Link to comment Share on other sites More sharing options...
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