posted
Understand what you mean, buy a bunch of land with hardly any deposits on it plus it has already been mined. PAIM is basically going to California 150 years ago and going to reinvent the gold rush.
-------------------- "Man who excels at putting worm on hook is Master Baiter" Posts: 678 | From: Boise, Idaho | Registered: Nov 2005
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posted
Thank you for using E*Trade Financial Services. Regarding your inquiry on PEARL ASIAN MINING INDUST, I checked your account activities and saw nothing pertaining to the stock dividend. Then, I did some research and found the following information on Business Wire 3/20/2006:
"The One Thousand (1,000) Preferred Shares Dividend for every one common share of Pearl Asian Mining Industries Inc. (PAIM) held by record shareholders on March 17, 2006, will be paid out on March 31, 2006. Therefore, it is advisable that all the shareholders that bought shares in the open market to notify their stock brokerage firms to request for (1) Actual Certificate of the Dividend, (2) Include the Name of the Beneficiary and (3) Delivery To Shareholders Address on March 31, 2006.
The reason for this extraordinary action requested is due to the belief by Pearl Asian that one or more market-makers and others may have shorted PAIM shares without first borrowing shares, creating a large naked short. "
You can find this article by googling "dividend PAIM" on the internet.
In addition, according to our Corporate Actions Department, there is supposed to be a spin-off but no payable date has been set yet. -------------------------------------------------this is what e trade had to say
Posts: 58 | From: new jersey | Registered: Mar 2006
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MarketWatch Gold futures tap $600 an ounce; silver tops $12 Thursday April 6, 10:30 am ET By Myra P. Saefong Metals rally to fresh multiyear highs; copper at a record
SAN FRANCISCO (MarketWatch) -- Gold futures tapped $600 an ounce Thursday morning for the first time since January 1981, pulling other metals to multiyear pinnacles and delivering copper to a new all-time high. ADVERTISEMENT
"Gold is exploding, and silver isn't far behind," said Kevin Kerr, trader and editor of Global Resources Trader, a newsletter service by MarketWatch, the publisher of this report.
Gold for June delivery rose to $600 an ounce in regular trading on the New York Mercantile Exchange, having hit a high of $601.90 overnight. The contract was last traded at $597, up $5.30.
May silver also traded at a new 22-year high of $12.01 an ounce, after peaking at $12.08 overnight. The contract was last up 22.5 cents at $11.93.
"Key resistance was broken overnight and, as we have been building support and healthy consolidation over the last week or so, now we have a firm base to move higher," said Kerr, who noted that Thursday's early rally has come without any real news to drive it.
But Jon Nadler, an investment products analyst at bullion dealers Kitco.com said he thinks it is "reasonable to conclude that [Secretary of State Condoleezza] Rice's call for sanctions on Iran and the car bombing in Iraq are weighing on trader's minds."
Analysts at Action Economics said metals are finding strong support from continued buying by funds, seeking out asset classes with a potential for strong returns.
"The latest bout of [U.S. dollar] weakness has been a factor, though the euro price of gold also rallied today," the Action Economics analysts said.
Now that gold has hit the psychologically key $600-an-ounce level, some nearer-horizon funds may take the opportunity to lock in profits, they said.
"Going forward, inflationary concerns will only gain steam, the U.S. dollar will continue its downward decline and geopolitical tensions will continue to draw safe-haven buying from around the globe," said Emanuel Balarie, senior market strategist at Wisdom Financial.
Caution ahead On the other hand, the break through $600 may also trigger a range of stops and key hedge-fund buy levels, said Kerr. "Trading in the pits will be volatile today, to say the least, as traders and fund managers scramble for cover, at least those who are short," he said. "Those who are long will be scrambling to buy whatever they can to add to their winning positions."
After the $600-$625 level, "there may be a consolidation, perhaps back to $575," warned Peter Spina, an analyst at GoldSeek.com.
Then from here, "it is $650-700, ultimately," he said, with $690-700 possibly the next upside target. "Then it's onwards to over $800 ($825-875)."
Silver's strength Meanwhile, silver has rallied sharply in recent weeks as excitement has built about the pending launch of a silver exchange-traded fund that's expected to boost physical demand for the metal. See Mutual Funds/ETFs section. Silver may see a correction that brings "$10 back, but then we look for $15 followed by $20-25, which is likely a year or so off," said Spina.
Gains in the precious metals, as well as expectations for stronger demand against a backdrop of economic strength worldwide, lifted copper futures to another record Thursday.
May copper was last up 2.5 cents to $2.621 a pound, after changing hands at a new record of $2.626 in official trade and $2.64 a pound in electronic trade.
July platinum rose $14.40 to $1,095 an ounce. June palladium was up $14.85 at $357.50 an ounce after a $361.75 high, a level the futures market hasn't seen since mid-2002.
On the supply side, inventories of copper were down 194 short tons as of late Wednesday, according to Nymex data. See data on basic-materials sector.
Supplies of gold were unchanged at 7.57 million troy ounces, and silver supplies were unchanged at 125 million troy ounces.
Amex Gold Bugs Index hits a record Meanwhile, indexes tracking stocks in the metals-mining sector moved higher Thursday, on track to mark a fourth straight winning session. The Amex Gold Bugs Index rose to an all-time high of 354.32. It was last up 1.5% to trade at 353.25.
"The move on the HUI today above 350 is significant as it portends the move in gold to and past $600," said Spina.
"The key for today is to close above 350 on the HUI and all indications are that it will accomplish this unless we have a significant pullback in the gold price," he said.
Other benchmarks traded at their highest levels in at least two months. The Philadelphia Gold and Silver Index climbed to 148.4, trading up 1%, and the CBOE Gold Index (CBOE:^GOX - News) added 1.1% to stand at 149.2.
Posts: 2554 | Registered: Nov 2005
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posted
let me point out that at $600 gold is almost $10,000 a pound.
contrast this with copper which is right now about $2 a pound
you heard that right
as a mineral gold is not more rare than many other elements, though it is a rare earth element.
so the question remains, who has gold? for every 3 ounces sold, only 2 are mined right now. gold is hard to find in the ground.
Posts: 726 | From: Delta Quadrant, Borg Cube 01 | Registered: Dec 2005
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posted
what makes this thing go up after close everyday? and why doesnt it do this during the day?
Posts: 725 | From: Levelland | Registered: Mar 2006
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posted
Just got a confirmation from Scottrader. Preferred shared Certificates will be sent out to PAIM holders. He said this process can take weeks.
Posts: 1128 | From: Houston, TX | Registered: Feb 2006
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posted
AS I SEE IT ....Gold & silver are going UP UP UP !
Paim is not a wealthy company at this time . It may be small and need to grow . If it were not ...then buyiing in at such a low price would have been imposible . What do you think happens when a small but well thought out mining company pulls gold out of the ground . They identify the area and pursue more gold { which means silver , platinum and other precious metals } .They process it and finance further operations to find , excavate & process even greater amounts of precious metals . AND ...one thing the philipines has ...besides poverty , a questionable government and a previously near dorment mining industry is ...." PLENTY " of precious metals & trace elements in the ground . Thus making this small mining company ...a substantialy good investment . Posts: 365 | From: redlands | Registered: Mar 2006
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posted
I SEE IT LIKE THIS .........Gold & silver are going UP !
Paim is not a wealthy company at this time . It may be small and need to grow . If it were not ...then buying in at such a low price would have been imposible . What do you think happens when a small but well thought out mining company pulls gold out of the ground . They identify the area and pursue more gold { which means silver , platinum and other precious metals } .They process it and finance further operations to find , excavate & process even greater amounts of precious metals . AND ...one thing the philipines has ...besides poverty , a questionable government and a previously near dorment mining industry is ...." PLENTY " of precious metals & trace elements in the ground . Thus making this small mining company ...a substantialy good investment . Posts: 365 | From: redlands | Registered: Mar 2006
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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
i have a question if i buy more shares now at.0001 will they still be the same as the old shares minus the divy of course
Posts: 58 | From: new jersey | Registered: Mar 2006
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quote:Originally posted by tyleemary: If you want a real gold ming co., check out Desert Sun Mining. DSM.TO
It was .87 a year ago. It is now 7.60 I blew it off when it was under a buck, and now Yamana has bought it and it went up more.
So maybe PAIM can go up alittle in that fashion, hopefully.
did these guys ever mine any gold for profit?
i cant find any info on desert sun mining, where should i look?
http://finance.yahoo.com/q/bc?s=DSM.TO&t=2y
I can't remember how I came across them, I think I was randomly looking at all gold type stocks and just followed it.
Posts: 395 | From: algonquin,il,usa | Registered: Sep 2004
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posted
I remember having 5K I wanted to take a chance with. I was going to buy 5000 shares of this and my wife ragged too much, so I blew it off. I wasted no time showing the stock over the past year and how it would be worth 35k now.
Posts: 395 | From: algonquin,il,usa | Registered: Sep 2004
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posted
Hey guys any one got the dividends of their prefferd stocks ? and If you did , could you tell me the name of the transfer agent that is supposed to be handling this issue ....My broker asked to provide him with this information .....
-------------------- Dreams are not goals if you don't take an action Posts: 454 | From: KSA | Registered: Apr 2005
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quote:Originally posted by SuperSniper00: Anyone get the preferred shares yet?
I kept 2 mill free shares and I have not yet received my free preferred shares. I'm excited to say I have billions of shares no matter what their worth.
Gl to all in your trading styles.
-------------------- I buy fast and sell faster! Posts: 2018 | Registered: Jan 2006
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posted
See cottonjim's post on the page 50 (article on foriegn mining companies). Local companies were not listed.
Press Release Source: Pearl Asian Mining Industries Inc.
Pearl Asian Mining Industries to Capitalize on the Fiscal Incentives Offered by the Philippines Government for Masbate XYZ Gold Mine-Site & Cebu Gold Refinery Monday April 10, 6:00 am ET
MANILA, Philippines--(BUSINESS WIRE)--April 10, 2006--Pearl Asian Mining Industries (OTC:PAIM - News): Utilizing These Incentives Will Allow Pearl Asian Mining to Import Capital Goods and Equipment Duty and Tax-Free, Which Translates to a Reduction in Capital Investment Ranging from 15-22%, Thus Improving Profitability Pearl Asian Mining Industries, Inc. (OTC:PAIM - News) announced today that it has filed applications for fiscal incentives from a Philippines government agency. The Philippines Board of Investments (BOI) has formally advised Pearl Asian, based on the initial review of applications and documents submitted, that the company may qualify for BOI registration for its XYZ Gold Mine Site in Masbate Island. The application also applies to our gold processing facility in Cebu Island. This should entitle Pearl Asian to fiscal incentives under the 2005 Investments Priorities Plan, under mining and processing of minerals. These incentives include an income tax holiday for 6 years, which may be extended to 7 years. The importation of supplies and equipment duty and tax-free; exempt from wharfage dues and export taxes; tax credits on raw materials and supplies; and additional deductions from taxable income, among others. The immediate noticeable benefit for Pearl Asian of these incentives is the duty and tax-free importation of goods, which would translate to a reduction in capital investment/initial expenses ranging from 15-22%, thus improving profitability.
These applications grant Pioneer Status to companies that locate in under-developed areas, like Masbate Island, and those that utilizes new technologies such as the state-of-the-art precious metal refining plant to be set up on Pearl Asian's industrial lot in Mandaue City, Cebu. Pearl Asian shall comply with all necessary requirements for the registration, and has already published its first notice in the Philippine Star, on April 9, 2006 as an additional required step.
"Pearl Asian Mining Industries is closely coordinating with the BOI to secure registration for Pioneer Status within the month of April, 2006," says Anthony Val Gary Gotanco, Vice-President/Business Development and Head of the Chemical-Metallurgical Lab. He adds, "All of our activities are being planned and executed to ensure that funds are efficiently utilized. Especially, that we shall soon be importing a number of equipment to be used for the mine-site and the gold refinery. We shall ensure that profitability is maximized, as a result." Prior to joining the company Mr. Gotanco had more than 8 years' experience dealing with government agencies involved in granting of incentives, tariff protection, and release of imported goods.
In a related development, the permits and licenses for the construction of the gold refinery in Mandaue City, Cebu are already in processed. "We are targeting start of construction of the gold refinery and laboratory complex in June, 2006," exclaimed Mr. Gotanco.
FORWARD STATEMENTS
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks. The risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact: Pearl Asian Mining Industries Inc. Gary Gotanco, +63-2-490. 0140 (Philippines) e-mail: IR*PearlAsianMining.com www.PearlAsianMining.com
-------------------------------------------------------------------------------- Source: Pearl Asian Mining Industries Inc.
quote:Originally posted by 7 of 9: let me point out that at $600 gold is almost $10,000 a pound.
contrast this with copper which is right now about $2 a pound
you heard that right
as a mineral gold is not more rare than many other elements, though it is a rare earth element.
so the question remains, who has gold? for every 3 ounces sold, only 2 are mined right now. gold is hard to find in the ground.
14 troy ounce in a pound, not 16 ounces. so $8,400.
-------------------- corn oil comes from corn, olive oil from olives, where does baby oil come from? Posts: 441 | From: Vulcan | Registered: Feb 2006
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posted
Their coming .....Don't worry ....all is good ...just a little time is all ....the dividends are on their way . Posts: 365 | From: redlands | Registered: Mar 2006
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posted
Here you go. if you have doubts or questions email.....simple as that!!!!!
EMAIL FROM PEARL
wrote her this morning and she returned my email a few minutes ago......
Dear Oscar,
Thank you for your trust and faith in PAIM.
We are hoping that by the end of the week or latest next week to see a symbol for the preferred shares. We believe that the preferred shares will begin hitting the PAIM Shareholders accounts within the same time frame.
Maranatha
sincerely i remain,
pearl
if anyone has doubts as to the email....email me at odiaz28*hotmail.com and i will forward the mail to you.good luck to all.
Posts: 1637 | Registered: Apr 2004
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posted
NEW YORK (MarketWatch) -- Gold may post further strong gains in the next two years -- and even surpass the 1980 high of $850 an ounce -- as the U.S. economy slows and the dollar loses ground. That's the key finding of the GFMS Gold Survey 2006 published Wednesday. "Levels safely over $600 are now in our sights and further hefty gains over the next year or two are quite possible -- in the right circumstances, the 1980 high of $850 could even be taken out," said Philip Klapwijk, chairman of the independent precious metals research consultancy. Gold will continue to find support from inflationary pressures and political tensions in the Middle East, retaining its role as a safe-haven investment. But the metal's gains of the past year have also made it an attractive investment target for institutional investors, seeking bigger returns than are available on stocks and bonds. GFMS believes this phenomenon is still at its early stages but would not be surprised to see longer-term investors like pension funds enter the commodities market, propelling gold prices even higher. "You're playing with fire if you ignore the weight of money argument, looking ahead into 2006," said Klapwijk. "We'd only need to see a tiny slice of mainstream assets diverted into gold, which comparatively is a pretty small market, and the price could really take off." One factor that could weigh against the price is declining demand. The survey found that in 2005, jewelry demand rose by almost 100 tonnes, with most of that strength coming in the first half when the price was still in the low $400s and Asian gross domestic product growth robust. Demand weakened sharply in the fourth quarter, notably in countries like India - a big gold consumer - as the rally took off and prices became more volatile. "From what we've heard for the first few months of this year, we could see jeweler demand slumping back almost 500 tonnes for the full year," said Klapwijk. "That'd leave jewelry offtake some 400 tonnes below mine production. That's just not sustainable in the long term". Mine production rose 2% in 2005 to more than 2,500 tonnes, the survey found, mostly due to a recovery at the giant Grasberg mine in Indonesia following landslides in 2003, and record output at Peru's Yanacocha mine. There was further support from production at new mines, which are expected to again boost output in 2006.
Posts: 726 | From: Delta Quadrant, Borg Cube 01 | Registered: Dec 2005
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posted
Received some shares today in my account. Symbol PAIMDZ. I received 1 share for each share own. I tought we were to receive 1000shares for each share own??? Will call broker tomorrow.
Posts: 285 | Registered: Sep 2005
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Here you go. if you have doubts or questions email.....simple as that!!!!!
