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PSP

Chart Forum » Stocks - ASX: long term & fundamental » PSP

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rig
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Username: rig

Post Number: 6
Registered: 04-2006

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Sunday, June 24, 2007 - 12:02 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Prosperity (PSP)
Came across this company on a daily scan. Chart looks promising - held well post news, closed on ath today.

Very interesting news re: 18/6/7.
Detailed mapping program over 4km strike indicates potential exploration target of approx. 50-60MT DSO iron deposit, with surface samples of 40-60% Fe and low P(<1%).
Tenure adjacent to Gindalbie Metals site (GBG)and Mt Gibson Iron's Extension Hill deposits.

Recent strength in Fe stocks (eg GBG) may warrant near term re-rate in PSP, particularly if planned drilling results confirm economical deposit depths.

PSP market cap 12mil.
GBG market cap 420mil. (source etrade).

I have recent holdings in PSP from 15.5c.

Will try and post chart.


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rig
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Username: rig

Post Number: 7
Registered: 04-2006

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Sunday, June 24, 2007 - 12:11 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



sorry no luck with the chart. yet to re-install ic on vista.


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lylo
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Username: lylo

Post Number: 28
Registered: 03-2007

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Rig.........cheersPSP chart







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rig
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Username: rig

Post Number: 8
Registered: 04-2006

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Tuesday, July 24, 2007 - 01:44 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Time to look at PSP again. Price rise above short term resistance on high volume. Pending news or just general interest in anything iron? Time will tell.

Im still holding.

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