quote:Originally posted by ShortTermMemory: Someone do a small test buy at .0003, break the seal
lol why dont you do it??
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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posted
If PUP bought 33 million shares what is another $50... I'm not very deep in this
Posts: 655 | From: Louisville,Ky | Registered: Dec 2005
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yeh i'm going to see if i can get filled at .0002 and average down a good bit. the pr looks good at least, I think this baby just needs some time to stew in good pr's before she goes up again.
-------------------- trashed and scattered again Posts: 629 | From: Boston | Registered: Jan 2006
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The split or dividend will be for preferred stock, I have read that this means it will be a different symbol for the preferred shares meaning it shouldn't really affect PAIM. But I am not exactly sure about this.
-------------------- trashed and scattered again Posts: 629 | From: Boston | Registered: Jan 2006
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posted
"how can you love this one and hate MLON and PYCT when they are all the same people???"
PAIM is a goldmine
MLON is an Empty shell
thats the main difference
I agree w Sincere that the f/s does not effect us. There may be some people with unsplit shares who need to be split. I think the lady Pearl is still confused. She should stick to digging...
Posts: 726 | From: Delta Quadrant, Borg Cube 01 | Registered: Dec 2005
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posted
Teknical D - not caribou, kalabaw...its a delapitated looking cow that is the national animal of the philippines...similar to an ox, they use them to farm and plow and carry around belongings.
George - First PYCT has no working site. Nothing looks professional. There is no track record. Not even a business model.
PAIM has been around for at least a few years. They have a business model. First they are exploring old abadoned mining sites and searching for new deposits. Recently they explored an old spanish mine and found a new vien which has 1.5 million tons of gold and silver. Incase you didnt know gold and silver are at an all time high right now. The company today announced phase 2 of their operation is beginning. If you read the PRs, it states that processing of the gold wont occur until late 2006. The timeframe is consistant with PR put out today for phase 2. I would assume their phase 4 is gold processing and phase 3 is actually mining it. Today they announced they need $1.5 million to get started. What did we see at lunchtime? A huge dump of shares which add up to around $1.5 million. Thats why the price dropped. Allowing us to buy a ton of shares CHEAP.
-Consistency in the PRs is a good sign. -Reporting on time is a good sign. -Positively confirming 1.5 million tons of gold is a good sign. -News about the split is confusing and not a good sign, however the philippines isnt exactly that great at explaining things. I know I lived there for 6 months. However that is a bad sign. -We already saw how fast this can move with good news. Yet another good sign.
Good outweighs the bad.
I dont care who is involved it is pretty hard to mess gold. You dont have to wait for contracts, your not selling a product, and gold is proven throughout the entire existence of man to be the measuring block of wealth. And to top it off, this is only one patch of land about 50 acres in size. They could easily find a ton more gold in the next year or even months.
I'm not gonna say this is gonna explode tomorrow or even this week but it will eventually and at .0002 I'm definately willing to take the risk with this compared to PYCT.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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Pearl Asian Mining Industries Inc. (OTC: PAIM) is an international mining company exploring the world for opportunities to open or reopen mine facilities and develop them into productive and profitable operations. Utilizing a Debt-Free Financial Statement, and world-class mining expertise, Pearl Asian is recognized for its leadership in the mining industry.
Pearl Asian Mining Industries Inc. currently owns 100% of the 12 mining claims in the Namaimo Area of Vancouver Island, British, Columbia, Canada. PAIM owns 100% of the Exclusive Operation Mining Agreement (EOMP) with the Pearl Asian Mining- Philippines Corporation, 100% owner of the Small Scale Mining Permit (SSMP) on the 20 hectares of the XYZ Gold Mine Site; with pending approval of its Minerals Production Sharing Agreement (MPSA) Certification on over 8000 hectares of the XYZ Gold Mine Site. MPSA is the equivalent to the Mining Claims in US & Canada.
Pearl Asian's mission is to partner with the Philippine Government in order to acquire abandoned mines with known and proven gold reserves left for centuries. In addition, Pearl Asian is involved in providing products and services targeting the small scale miners in order to create orderly and sustainable gold and mineral productions that promote the growth of this newly-born, Mining Revival Industry Sector of the Philippines. This Small Scale Mining is a Community Livelihood Economic Base that covers 1% of the total Philippines Gold Mines and substantial amount of Gold productions output.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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Must be a team player Must be innovative, creative and industrious Must have these integrities: honesty, loyalty, reliability and accountability Contact Details SEND RESUME HRD DEPARTMENT ATTN: Ms. Abegail Dormitorio, HRD Manager Pearl Asian Mining Industries, Inc. 3101- B East Tower, Philippine Stock Exchange Center Exchange Road, Ortigas Center, Pasig City 1605 Tel No. 63-2- 490-01-40 Fax: 63-2 490-01-44 e-mail: IR*pearlasianmining.com
ALL POSITIONS AVAILABLE FOR PAMI’S XYZ GOLD MINING SUPPORT TEAM OPERATIONS LOOKING FOR ALL SKILLED ENGINEERS ENTRY LEVELS (NEWLY GRADUATES), APPRENTICESHIP EXPERIENCED - FOR MANAGERIAL & SUPERVISORIAL POSITIONS! The great AIM of education is not KNOWLEDGE but ACTION." Herbert Spencer
For More Information Contact: Mr. Arnel Morilla, Procurement Manager +63-2-490-0140
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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Must be a team player Must be innovative, creative and industrious Must have these integrities: honesty, loyalty, reliability and accountability Contact Details SEND RESUME HRD DEPARTMENT ATTN: Ms. Abegail Dormitorio, HRD Manager Pearl Asian Mining Industries, Inc. 3101- B East Tower, Philippine Stock Exchange Center Exchange Road, Ortigas Center, Pasig City 1605 Tel No. 63-2- 490-01-40 Fax: 63-2 490-01-44 e-mail: IR*pearlasianmining.com
ALL POSITIONS AVAILABLE FOR PAMI’S XYZ GOLD MINING SUPPORT TEAM OPERATIONS LOOKING FOR ALL SKILLED ENGINEERS ENTRY LEVELS (NEWLY GRADUATES), APPRENTICESHIP EXPERIENCED - FOR MANAGERIAL & SUPERVISORIAL POSITIONS! The great AIM of education is not KNOWLEDGE but ACTION." Herbert Spencer
For More Information Contact: Mr. Arnel Morilla, Procurement Manager +63-2-490-0140
Nice find!!!
-------------------- Wide diversification is only required when investors do not understand what they are doing W.Buffet Posts: 565 | From: War Eagle | Registered: Jun 2005
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-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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posted
Current Gold Mining Operations Masbate XYZ Mine : "Operation Gold Finger: The Baleno Gold Project"
Vancouver Island Mine Site : "Operation Treasure Island : Pearlasian Gold Wolf Lake Project"
Future Developments: Paracale Mining Site : "Operation Golden Triangle: Paracale Gold Project"
Paracale Mining Site: "Operation Golden Triangle: Paracale Gold Project"
The Philippines Islands contain some of the richest ore reserves in the world, with the Paracale Gold Mining Site historically being one of the better producing mine sites. Located on Southern Luzon Island, this site has produced over 3,000,000 ounces of gold since its inception in 1939.
The Paracale Mining Site was acquired by Pearl Asian Mining Industries (PAMI) in conjunction with Philippines Gold Mining Corporation on Feb 4, 2004 (official press release available in press section). This acquisition marks a new era of cooperation between private industry and the Philippine government in the development and refining of the island's national resources.
Paracale Mining Site mills 650 tons of rock daily, yielding 382 ounces of gold and 1,018 ounces of silver per day. Current prices for gold and silver project the mine's annual yield at over $40,000,000 gross or $12,000,000 net.
PAMI will immediately upgrade current processes to increase the yield of the operation, which should realize an additional 20% to 25% output with minimal increase in cost of operation or capital outlay.
Short range plans to construct a new electro-wining and refining plant will maximize the gold and silver recovery, while also adding platinum, iridium and palladium to the site's products. The new facility will also increase the capacity of rock throughput resulting in further increases in total production and bottom line profits
Pasuquin Mine Site- "Operation Pearlas: Pasuquin Mineral Project" Pasuquin Mine Site IlocosNorte, Northern Luzon Island, Philippines Islands- is currently a dormant mining operation for Feldspar and limestone. This operation offers existing equipment which can be refurbished and made operational in a short time frame. Product from this mining operation will provide badly needed materials to assist in the development of the Philippines Islands.
All these current and future developments and acquisitions mark a new era of cooperation between private industry, The Pearl Asian Mining Industries Inc. and the Philippine Government and refining of the island's national resources.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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posted
I dunno about that, but it will eventually. I highly doubt it will run anytime soon unless they release some awesome PR. this is just a good buying opportunity because the stock is at the bottom and undervalued.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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posted
Did any one make sense of yet another F/S in Mar. Or is it something else? I'm confused with it.
Posts: 4245 | From: SMALLVILLE USA | Registered: May 2004
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posted
I dont think its another split. Its a dividend. They are gonna give out preferred shares not common shares.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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posted
I thought it would be good to bring this PR over to this thread to further increase our confusion and to be able to study the meaning. I hope all you big execs and stockbrokers don't mind.
Press Release Source: Pearl Asian Mining Industries Inc.
Pearl Asian Mining Industries, Inc. Announced Today That for Every Common Share of Pearl Asian Owned by Its Shareholders on the Record Date of March 17, 2006, One Thousand (1,000) Preferred Shares Will Be Paid on March 31, 2006 Monday February 13, 4:00 am ET
PASIG CITY, METRO MANILA, Philippines--(BUSINESS WIRE)--Feb. 13, 2006--Pearl Asian Mining Industries, Inc. (OTC:PAIM - News), commonly known as "PEARL ASIAN" announced today that for every Common Share owned by its Shareholders on the Record Date of March 17, 2006, One Thousand (1,000) Preferred Shares of Pearl Asian Mining Industries, Inc., will be paid on March 31, 2006.
Anyone that bought or sold shares under the symbol PAIM has bought or sold forward split shares. It has come to the Company's attention that some brokerage firms sold and are continuing to sell the forward split common shares, but others have failed to credit PAIM shares to their clients accounts. The Company has no control over the speed at which the brokerage firms replace 1000 PAIM shares for the 1 share of PRLGF previously owned; as well as there was confusion, that the Company has become aware of due to the NASDAQ releasing the new forward split symbol on January 26, 2006, before the payment date set by the Company of February 14, 2006.
The Company cannot do another Forward Split on February 14, 2006 as NASDAQ had made this already effective on January 26, 2006. As a result, the Company called for a Special Board of the Directors Meeting held on Feb. 11, 2006 which unanimously passed a resolution authorizing a 1,000 preferred shares for 1 common share dividend.
The PRLGF Common Shares are still convertible to PAIM Common Shares 1=1000 upon surrender to the Company's transfer agent, American Heritage Stock Transfer, in Markham, Ontario, Canada. If you own your shares through a securities firm, there should be no action necessary on your part, as this is processed between the DTC, your brokerage firm's clearing house, and the transfer agent.
Forward-Looking Statements:
This news release may contain forward-looking statements concerning the Company's business and future prospects and other similar statements that do not concern matters of historical fact. This Forward-Looking Statement is based on the Company's current expectations. There are numerous factors that could cause results to differ and the Company's current expectations are subject to all of the uncertainties and risks customarily associated with developing business ventures. The Company's actual results may differ materially from current expectations. Readers are cautioned not to put undue reliance on forward-looking statements contained in this release. The Company disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information.
Contact: Pearl Asian Mining Industries, Inc. E. Pearl Asian IR*PearlAsianMining.com http://www.PearlAsianMining.com or Investor Relations, 866-732-7888 (USA) Fax: 877-317-4430 or Investor Relations, +63-2-490-0140 (Philippines) Fax: +63-2-490-0144
-------------------------------------------------------------------------------- Source: Pearl Asian Mining Industries Inc.
Related News Stories · Pearl Asian Mining Industries, Inc. Clarifies the Forward Split of Its Shares 1 for 1,000 - Business Wire (Fri Feb 10) · Company Profile for Pearl Asian Mining Industries, Inc. - Business Wire (Fri Feb 10) · Pearl Asian Mining Industries: Significant Gold and Silver Deposits Discovered at the XYZ Gold Mine: Geologist Recoverable Yield Estimate 1.5 Million Tons, an Average Grade of 6.34 Grams/Ton Gold (AU) and 37.24 Grams/Ton Silver (AG) in 20 H - Business Wire (Wed Feb 8) · Pearl Asian Mining Industries, Inc. Forward Split its shares 1 for 1000 and Re-Incorporated to Wyoming, now has New Stock Symbol -- PAIM - Business Wire (Tue Feb 7) More...
Posts: 4245 | From: SMALLVILLE USA | Registered: May 2004
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"As a result, the Company called for a Special Board of the Directors Meeting held on Feb. 11, 2006 which unanimously passed a resolution authorizing a 1,000 preferred shares for 1 common share dividend."
Does not mention split anywhere in there.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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