Del Steiner addresses Idaho’s elected officials.
This takes a while to download, but if you want some insight into Del it is worth the effort.
to watch, click here.
Finally Americans have stopped short sales!
http://www.otcmarkets.com/stock/PMMEF/short-sales
Now to check the TSXV
I can’t believe how hard K and ECA are being hammered, but the Canadian market has left PEM alone……must think they bled it dry.
Looks like YRI being targeted.
I don’t understand, why normally pretty savvy Canadians holding shares long would ever loan them out in the millions for shorting!
Maybe its naked and there is simply a lack of regulation.
Thank you Al K., Del S. and Christine K. for making this audio presentation available to us.
The precious metals market is, in my opinion, now turning down for the last time. I believe before the metals turn back up with a vengence sometime this year, the miners and explorers sector will likely rush to the forefront with their own significant recovery. It will be the probable time when PEM will then resume it’s place of honor among other explorers. The long wait will hopefully conclude in the months ahead. In the interim, PEM needs to continue to keep it’s head low and it’s powder dry and then strike when the iron is hot. In the interim, hopefully they can avoid having to finance too much until circumstances significantly improve. This is likely the last big test. So far Del and his staff have maneuvered PEM through one of the most difficult times. The long wait may be ending in 2013. 70% of all explorers are in trouble. PEM will make it’s funds and new financing last as long as necessary. Impatient as we may all be for news, PEM will need to space, stretch, things out for the forseeable future. Yet, they are setting the stage on the OSZ for the possibility of a huge push forward with over 200 drill permits in the making. I, like many others, see the OSZ as a strong candidate to become the largest new gold deposit in the US in decades. I suspect the Midas deposits to the south of PEM, combined with PEM’s OSZ will eventually indeed rival Nevada’s world reknowned Carlin Trend. The 2nd half of 2013 is the likely time to begin to see things happen. Our thanks to all of PEM’s staff for their noteworthy efforts and personal sacrafices. Thanks to you all for hanging in there and for keeping the faith.
There is no doubt the market has thrown out the baby with the bath water.Midas gold in trems of assets is as cheap as PEM at its current level.Some one will buy MAX and then the next Idaho target will be PEM. MAX is sitting on 13 million oz no major miner can overlook a 13 million oz discovery gradeing 2gt open pit with its silver credits.MAX is ripe for a take over.That will then shine a beam on PEM.Until then Del is ding the right thing keeping a low profile until the storm passes.
James
Why MP4, instead of MP3?
Maybe, I was using the wrong system but that was a lot of bandwidth for very little info.
A skeptical person might think DEl did not really have much else worth reporting.
As for describing MAX as a takeover probability, have you actually looked at their drill results instead of their publications?
http://media3.marketwire.com/docs/max117-Table2.pdf.
What concentrations do you think are highly profitable for the majors?
Remember, the whole industry is on deep, deep, discount sale right now.
Yes cfs, the majority of the industry is on a deep, deep discount. Does that mean it is a buying opportunity? I would think so.
Big Al
I agree, But given the grades for Max.TO I can think of many worth buying before that one.
I just bought some more shares last week in three resource companies.
For me, I getting overspent; it has been so tempting though.
MAX is a steal at this price.I would love to get MAX paper for PEM.That would solve future low priced PPs and stop the percentage loss a JV would produce by dong a JV with say OSK.In Midas we would own the 10+ million oz at Golden Medows as well as any exploration upside on the OSZ 100% with out further 7 cent financings like the last Osisko one.Stephen Quin has a track record of building deposits and selling to majors as he did with Miamar and Sherwood copper.Midas would own a near monoply on future Idaho gold production making MAX a PRIME target for any major.As for grades I would suggest you do more home work on MAXs PEA .
Its seems the CEO of MAX and my self were buying on the same days:
Date Transaction
Date Insider Name Ownership
Type Securities Nature of transaction # or value acquired or disposed of Price
Feb 15/13 Feb 15/13 Quin, Stephen Paul Indirect Ownership Common Shares 10 – Acquisition in the public market 2,500 $1.52
Feb 14/13 Feb 14/13 Quin, Stephen Paul Indirect Ownership Common Shares 10 – Acquisition in the public market 2,500 $1.58
Feb 14/13 Feb 14/13 Hubert, Wayne Direct Ownership Common Shares 10 – Acquisition in the public market 6,000 $1.60
Feb 14/13 Feb 13/13 Quin, Stephen Paul Indirect Ownership Common Shares 10 – Acquisition in the public market 2,500 $1.63
Feb 7/13 Feb 6/13 Quin, Stephen Paul Direct Ownership Common Shares 10 – Acquisition in the public market 1,000 $1.87
Feb 7/13 Feb 5/13 Quin, Stephen Paul Direct Ownership Common Shares 10 – Acquisition in the public market 3,334 $1.90
Jan 11/13 Jan 11/13 Morgans, Darren Paul Direct Ownership Common Shares 10 – Acquisition in the public market 5,000
Jan 4/13 Jan 4/13 Quin, Stephen Paul Direct Ownership Common Shares 10 – Acquisition in the public market 5,000 $2.08
Jan 4/13 Jan 4/13 Quin, Stephen Paul Direct Ownership Common Shares 10 – Acquisition in the public market 5,000 $2.10
PEM results from drill program continue to be promising from yesterday’s press release. One hole graded 1.11 g/t Au over 111.25 meters within 0.57 g/t Au over 304.80 meters; adjacent holes indicate 2.66 g/t Au over 198.4 meters including 3.81 g/t Au over 121.1 meters; 1.00 g/t Au over 83.4 meters including 3.47 g/t Au over 2.2 meters; 0.8 g/t gold over 370.9 meters including 1.5 g/t gold over 134.3 meters including 2.5 g/t gold over 47.3 meters. Company will decide whether to continue with reverse circ drilling or diamond pending further analysis of these results
Al – do you (or others) have comments? Perhaps Del/Christine would like to come back to give next steps given these results?
Nice