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Papillon Resources

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#1 Mon, Feb 20, 2012 - 5:28am
GoldMania3000
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Papillon Resources

Any thoughts on this one. Seems like they've had some good drill results and market is reacting positively to it

Edited by: GoldMania3000 on Nov 8, 2014 - 5:19am
Mon, Feb 20, 2012 - 4:15pm
Koddo
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Wow.

Those are some nice drill results. Had not heard about this company before but definitely putting it on my watch list and doing some additional research. I like that the resources is close to the surface and seems to be higher grade for a potential open pit mine. Not at all familiar with Mali however - is this a more stable west Africa country?

Might look to add a starter position on a pull back.

Mon, Feb 20, 2012 - 4:21pm
GoldMania3000
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Mali

Yes it's stable government and they really like mining/very friendly. More so then California. Check out their presentation on their web site. Nice wide/high grade:)

Mon, Feb 20, 2012 - 9:42pm
Koddo
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Gryphon Minerals a buyer

Don't know if you saw this headline also today GM3000.... Gryphon Minerals is buying some shares.

https://www.proactiveinvestors.com/companies/news/25209/papillon-resourc...

Also, looks like they have $27 million in the bank and plan to release a JORC resource mid-2012. So looks like they have some decent money to play around with.

Tue, Feb 21, 2012 - 5:46am
GoldMania3000
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Grypon

Yes i picked it up last night. The stock has been moving a lot of the past week. I suspect it was due to Gryphon's buying. Also there were lot's of buying from one of the investment firms. Forgot the name, but it's on their website. Lot's of drill results coming!!! Many other interesting west African plays as well.

Tue, Feb 21, 2012 - 5:46am
GoldMania3000
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Grypon

Yes i picked it up last night. The stock has been moving a lot of the past week. I suspect it was due to Gryphon's buying. Also there were lot's of buying from one of the investment firms. Forgot the name, but it's on their website. Lot's of drill results coming!!! Many other interesting west African plays as well.

Wed, Feb 22, 2012 - 6:12am
GoldMania3000
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High Volume...someones buying this one up

PAPILLON FPO (PIR.AX)

-ASX

1.10 Up 0.07(6.80%) 12:10AM EST

Add to Portfolio
Prev Close: 1.03
Open: 1.06
Bid: 1.10
Ask: 1.11
1y Target Est: N/A
Beta: N/A
Next Earnings Date: N/A
Day's Range: 1.05 - 1.11
52wk Range: 0.33 - 1.10
Volume: 3,995,056
Avg Vol (3m): 693,854
Market Cap: 227.62M
P/E (ttm): N/A
EPS (ttm): N/A
Div & Yield: N/A (N/A)
Thu, Mar 1, 2012 - 7:01pm
GoldMania3000
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PAPILLON FPO

PAPILLON FPO (PIR.AX)

-ASX

1.24 Up 0.09(7.83%) 6:36PM EST

Add to Portfolio
Prev Close: 1.15
Open: 1.20
Bid: 1.22
Ask: 1.23
1y Target Est: N/A
Beta: N/A
Next Earnings Date: N/A
Day's Range: 1.19 - 1.28
52wk Range: 0.33 - 1.15
Volume: 1,099,554
Avg Vol (3m): 790,349
Market Cap: 256.59M
P/E (ttm): N/A
EPS (ttm): N/A
Div & Yield: N/A (N/A)
Wed, Mar 14, 2012 - 5:46am
GoldMania3000
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Keeps going up..even while gold is going down

PAPILLON FPO (PIR.AX)

-ASX

1.40 Up 0.14(11.55%) 1:10AM EDT

Add to Portfolio
Prev Close: 1.25
Open: 1.24
Bid: 1.36
Ask: 1.41
1y Target Est: N/A
Beta: N/A
Next Earnings Date: N/A
Day's Range: 1.24 - 1.41
52wk Range: 0.33 - 1.28
Volume: 2,870,542
Avg Vol (3m): 890,500
Market Cap: 289.69M
P/E (ttm): N/A
EPS (ttm): N/A
Div & Yield: N/A (N/A)
Thu, Mar 15, 2012 - 5:31pm
Koddo
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ya...

I liked this stock after doing some quick research after you posted a month ago. I've watch it just about every day since then waiting for a dip to start buying - hasn't happened. The stock is a monster. I don't know if I should just cave in and start a position or keep waiting.... The drill results of this puppy did give me a warm sensation in mah pants.

Thu, Mar 15, 2012 - 7:24pm
GoldMania3000
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up up up

Papillon Resources receives ASX price and volume query after 12% share spike

Friday, March 16, 2012 by Christine Feary

Papillon Resources receives ASX price and volume query after 12% share spike

Papillon Resources (ASX: PIR) has been issued with a speeding ticket from the ASX after its shares jumped to an intraday high of $1.40 today (Thursday 15 March), a 12% increase over the company’s closing price on Tuesday.

The spike in the company’s share price was accompanied by a corresponding increase in volume, with 2.87 million shares changing hands today, compared with 573,358 on Tuesday.

Papillon responded to the query, saying it was not aware of any reason for the change in price or volume.

Earlier this month, Papillon was one of a number of companies added to the S&P/ASX Indices’ 300 Index.

The company is targeting a maiden gold Resource at its Fekola gold project in West Africa by mid-2012.

In January, Papillon returned the results from the first 1,000 metres of a 15,000 metre diamond drilling campaign at Fekola, with results including:

- 86 metres at 6.17 grams per tonne (g/t) gold from 181.2 metres, including 51 metres at 9.17g/t gold;
- 94 metres at 4.63g/t gold from 178.7 metres; and
- 41.9 metres at 3.21g/t gold from 229.2 metres.

Thu, Mar 15, 2012 - 11:30pm
Koddo
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mania...

What price are you in at?

Also a little off topic - have any opinion on wildcat silver (ws.v)? Its one ive owned and followed for awhile. Seems like a no brainer to me - large rich silver/manganese/lead deposit in AZ.

Fri, Mar 16, 2012 - 2:33am
GoldMania3000
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in at...

.55 cents. don't know wildcat silver. i don't have many silver plays. mirasol is nice though from what i hear. onto another discovery

Thu, Mar 22, 2012 - 10:45pm
Koddo
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coup in Mali

So much for Mali being considered one of the most stable places in Africa....its military take over time. Stock down 12%, I don't know if this my time to start buying or stay away. I might add to some Canadian juniors rather than take on this gamble.

https://www.nytimes.com/2012/03/23/world/africa/mali-coup-france-calls-f...

Fri, Mar 23, 2012 - 6:21am
GoldMania3000
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maybe/maybe not. im holding.

maybe/maybe not. im holding. don't know what's going to happen there. never get the real story from the news media. but all of the mali stocks are down. there are only so many juniors that are solid to invest in these days. i follow brent cook and rick rules company who take it from the geology perspective and what's easy to mine. whether it's war, coup, or what ever else they are all down. 

Fri, Mar 23, 2012 - 10:43am
GoldMania3000
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Mali

https://www.fin24.com/Companies/Mining/Miners-say-Mali-operations-normal...

If mali goes down so do a lot of gold producers. I suspect there would be a major intervention if it really goes south. i suspect it won't, but will see. im willing to lose my entire pappillon posisition. im holding. it' sone of the few "major discoveries" that Rick Rule has been mentioning on his interviews. But you would only now that if you work with Global

Fri, Mar 23, 2012 - 12:59pm (Reply to #16)
Koddo
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Mali etc

I see its down another 9%. I under your position mania. I might start a position in it if it goes lower. Just because they have some spectacular drills results and follow the ol adage "buy when other people are selling".

Looking forward to any updates on the Mali coup .....I'll keep my eyes peeled as well

Fri, Mar 23, 2012 - 1:33pm
GoldMania3000
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((re avion, but it's true for

((re avion, but it's true for mali in general) Your Casey Metals Team has been watching the developments in Mali, as much as possible from outside the country, and considering the alternatives. We distrust media reports, but in all of them, the root problem is the Tuareg rebellion in northern Mali. This is not a popular uprising, nor anything related to our investment. Whether the coup is ultimately successful or whether the ousted president is restored (he has universal support from governments around the world, including other African governments), Doug Casey thinks that mining in the country will not be affected much. That's partly because the conflict is not about mining, partly because the mining is 1,000km away from the Tuareg rebellion, and partly because whoever ends up on top will desperately need mining revenue to continue undisrupted.

We'll have more to say on this as the situation develops, but for now, our formal recommendation is to hold -- or try placing bids well below market when the stock starts trading tomorrow morning. Many of those who were late to the story today are likely to panic and hit the bid when the market opens. This could be a classic contrarian opportunity, a chance to buy when everyone else is selling, and get a good company for a fraction of what it sold for a year ago. For stink bids, we'd try shooting for a dollar or less. Buying now would certainly be a high-risk bet, but that's why we call ourselves speculators. If the risk is too much for you, please do not feel you must buy more to be a good contrarian. 

Mon, Mar 26, 2012 - 4:33pm
BigChief
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It doesn't seem that the coup

It doesn't seem that the coup presented any material political risks to the mines their. Political risk comes in different shades. Hecla mine is the kind of political risk that can totally damage a mine. Right here in the United States. My bet if Hecla was operating in Mali. That same risk would be off the table. This was a garden variety coup, and there was no wide spread violence nor were any of the mines operations effected.

The crowd sold out of fear and perceptions not due to any material changes. The sheeple are alive and well in the mining sector as well. Their fear brought them loss of positions and recent profits.

As far as Canada being more stable, you might want to put a list together of what you consider stable. A completely socialist goverment, high regulations, might hurt a miner in Canada, just like Hecla, before the mines in AFrica get effected. Africa needs the income more and gold. People are willing to die for it. IN Canada, people have soft hands just like America. Unsafe conditions would close a mine. Aside from that, Africa is going to outpace all the other continents with their gold discovery. Leaving the feeble left out in the cold.

Mon, Mar 26, 2012 - 6:23pm
GoldMania3000
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Big Chief

Amen to that. amen Big Chief. Can't get a fricken mine going in California. this is where many of the discovries are going to be..west africa. they will get the job down

Mon, Mar 26, 2012 - 6:42pm
Koddo
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coup..

While I agree that the coup doesn't appear to have anything to do with the mining sector, I wouldn't go as far as to say its sheeple selling their shares. You really have no idea that tomorrow some general in Mali that is running the show might declare large increases in mining tax or whatever they would like to call it. While a 20% increase in tax might not kill a good looking project like Papaillon's, it might inject a greater amount of uncertainty in the whole stability of the country. Because I'm sorry, if countries are having military coups, you shouldn't fool yourself into thinking "this is all north rebels, military isn't interested in the mining sector, they rely on the income, we are GOOD TO GO....dumb sheeple selling their shares". That seems incredibly naive to me.

So while I think that this is a good contrarian buying opportunity, I am wary of rushing to the conclusion that the goose that is laying the golden nugget in Mali will be totally ignored.

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