posted
Keep in mind PMHH after the marketing deal.
Most investors don't yet appreciate quite what this means.
NIM usually provide PMHH winches - they are part of same company.
If PMHH have signed an exclusive deal with EMCE/Stokvis http://www.emce.nl
they could sell off NIM winching, staff, offices and Newcastle yard at no risk to the Patriot business.
I don't know for sure if this is what is planned, however it looks extremely likely. NIM was one of the reasons GME could not give Patriot all the cash it wanted last year, but both PMH & NIM were profitable from December 2005.
So, in a nutshell, this announcement a) gives expanding Patriot massive support for its winching needs b) Provides possibility of more capital flowing PMHH's way from savings on NIM c)should generate more big deals as NIM were/are just not big enough to supply on deals such as teh $12.4m Keppel one.
xide is good if it breaks 4.24 tga may be pushing 6.1 hec bouncing off .85 fmday if goes above .28, but don't expect more than .34 lllie at all-time low royl just bounced off 6.16 moat, if it breaks 0.1 pomgf is on a two-month tear, don't know how much is left in it icoa testing support at .02 from ~year ago javo tore way up last couple of weeks, it'd be good to get in on a reaction dip crcuf trying to get past .79 acdi if it bounces off 2.71
ok that's it for now
-------------------- the market is not your mother
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If you & Jordanreed had bought instead of criticising my posts you have achieved at best 229% and at worse (ie. on Friday's dip-drop 85%. Now you're seeking to have my posts banned! - unbelieveable.
Just because you're not interested in those sort of gains, doesn't mean others on here are not.
I am not recommending anyone to 'buy' Patriot - just to put on their watch-list and do some research - that is not the sort of pumping we've seen e.g. in the email which said stock price will be $2.50 in one week then $3.15 in two weeks! Now that is pumping. I've only said Mr Baer will prove a $2 price is appropriate based on value contracts & profit. I haven't said when it will be achieved. I am not pumping and have not sold any of my Patriot position.
The 'real' news hasn't even arrived for Patriot (PMHH). They are getting lots of work so NIM (the other subsidiary) cannot provide what they need hence Friday's EMCI deal.
Yes, I post alot but I also post facts, links & loads of info which allows people to make their own minds up on a longer term prospect - not the pump 'n dump operations we often see here.
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STTK & NDOL 2 stocks to GURANTEE gains this week + more. ndol will be a good hold until you recieve your cash. STTK is a great may through august play
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quote:Originally posted by The Owl: Mickey G - why is PMH not on for Monday?
If you & Jordanreed had bought instead of criticising my posts you have achieved at best 229% and at worse (ie. on Friday's dip-drop 85%. Now you're seeking to have my posts banned! - unbelieveable.
Just because you're not interested in those sort of gains, doesn't mean others on here are not.
I am not recommending anyone to 'buy' Patriot - just to put on their watch-list and do some research - that is not the sort of pumping we've seen e.g. in the email which said stock price will be $2.50 in one week then $3.15 in two weeks! Now that is pumping. I've only said Mr Baer will prove a $2 price is appropriate based on value contracts & profit. I haven't said when it will be achieved. I am not pumping and have not sold any of my Patriot position.
The 'real' news hasn't even arrived for Patriot (PMHH). They are getting lots of work so NIM (the other subsidiary) cannot provide what they need hence Friday's EMCI deal.
Yes, I post alot but I also post facts, links & loads of info which allows people to make their own minds up on a longer term prospect - not the pump 'n dump operations we often see here.
dont bring me into this...maybe i bought sum..maybe i didnt..none of your business..i'm sure that EVERYONE on this board has seen your posts and knows everything about your stock that they want to know...leave it at that and dont ever bring my name up again!
posted
Keep posting Owl. Information regardless is good, if you don't want the stock then don't buy it. Everyone is entitled to post info, bashing isn't cool at all, this isn't politics.
-------------------- "It's a head game...climbing a mountain that is, 20% physical:80% mental."
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posted
There you go - PMHH - announcned 10 mins ago...
Patriot Mechanical Handling Announces $8.6 Million Marine Deck Crane Order From China National Petroleum Offshore Engineering Co, LTD Monday May 8, 11:11 am ET
Order Represents the Fifth Contract Signed With Chinese Energy Producers Over the Past 12 Months
HOUSTON, TX--(MARKET WIRE)--May 8, 2006 -- Patriot Mechanical Handling Inc. (Other OTC:PMHH.PK - News), a leading provider of mechanical handling solutions and services to the oil and gas industry, is pleased to announce that it has received an order valued at $8.6 million USD from China National Petroleum Offshore Engineering Co, LTD. The order is for 8 marine deck cranes, spare parts, training and commissioning of the equipment. Training will occur in the Patriot facilities in Houston, with the cranes being delivered to Xingang Seaport, China, upon completion. "We are making tremendous inroads in China, having secured multiple orders over the last 12 months, including this latest order for China National Petroleum Offshore Engineering," stated Paul Findlay, CEO of Patriot. "The growing demand for fossil fuels in China makes this country an important market for Patriot. We will continue to develop our relationships and expand our efforts not only in China but throughout the Far East."
About Patriot Mechanical Handling
Headquartered in Houston, Texas, USA, Patriot Mechanical Handling, Inc. (PMH) is a comprehensive engineering and product supplier for all mechanical handling solutions in the oil and gas industry. In addition to this, Patriot is a licensed representative for some of the finest & most well established brands in the lifting and mechanical handling business. Our success is based upon effectively meeting the customer's needs prior to, during and most importantly after the product has been delivered. Our personalized service is unrivaled. We frequently monitor the quality of our products to insure our customer's satisfaction, and offer equipment that is guaranteed safe for use and fit for purpose.
More information is available by contacting the company directly. Information is available on the web at: http://www.patriotmh.com.
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.
Hearing a lot of rumours that something is up. Management looks ok with Virginia Shehee on board, drilling results were good in the past and have confirmation that LONMIN has been interested to buy one of the two properties in the past. Last PR is been a while so I think they're preparing a new PR with important news. Anyone heard something more?
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