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PML

Papua Mining (#PML) – ‘keep the lights on’ fundraising at 1p per share

2016-09-01 23:33:10

‘Potentially huge’ target tempts Papua Mining

Ambitious explorer Papua Mining (PML) could soon find itself playing for big stakes at Tripela, its copper and gold porphyry prospect in Papua New Guinea (PNG) in the south-west Pacific, north of Australia. The AIM-quoted company, which is embarked upon a £1 million-plus 4,000-metre drilling programme at Tripela on the island of New Britain in PNG’s Bismarck Archipelago, says it has already encountered copper mineralisation of up to 29% in surface outcrops there and chief executive officer Hugh McCullough argues ‘the size of the target is potentially huge.’

By Robert Tyerman | Published 2014-10-14 11:09:10 |

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Recent Comments

KUSSSB7 Nov 2026

As a layman I have a much clearer picture, thankyou.Please repeat podcast following Anthropic IPO.

Podcast: Tom Winnifrith & Barry Downes - the Implosion of the AI bubble

BURIEDTREASURE7 Nov 2026

Barry says "if this trade unwinds it does completely crash the economy" as if there is a way to avoid it. By some measures the biggest bubble the world economy has ever seen cannot be kept inflated indefinitely, nor can it be made to deflate slowly and gently float down. Or at least that has never been seen with the biggest bubbles the world has ever seen previously. Interesting times ahead.

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MAYFAIRMAN7 Nov 2026

Please produce some data to back up your claim that the government by which you mean the Bank of England as the government has no control over the money supply, is printing money. What is increasing, is it M1, M2 or M3 and by how much? I strongly suspect that the inflation we are seeing today is input cost inflation, largely caused by the increase in energy costs as a result of the war started by the orange faced idiot and his puppet master Netanyahu. Energy costs are pervasive, influencing every aspect of the economy and your suggestion of reducing the taxes on energy is populist nonsense. Would you have the government borrowing even more money than it is now, or dare I say it, printing money?

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PHIL55667 Nov 2026

Benefits increases of 3.9%. public sector pay increases of 3.3%. 4.1% increase in minimum wage.I have no idea where some inflation comes from?Though of course all these people have to choose between heating and eating.

Tom Winnifrith Bearcast: on inflation, on Barry Downes and on being a mega bear

MAYFAIRMAN6 Nov 2026

Money printing schmoney printing, what you say makes no logical sense. Inflation can have many causes and money printing is certainly one of them, but neither the Federal Reserve nor the Bank of England are printing money at the moment. If they were printing money they would not need to borrow money. Why would you borrow money at 5% if you can print it? Both countries are borrowing huge amounts, record amounts, ergo they are not printing noney. And you call your self an evonomist!

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PIEROTLUNAIRE6 Nov 2026

Not exactly a share structure designed to maximise liquidity or discount to NAV!!!Contains some good companies including my fave Zegona which has been on an absolute tear for 18 months and is fated to be taken out by Telefonica at £25-30 per share versus £17.5 now.À far easier to do 2x, though, is CHRY at 66p with a 130p NAV and is in wind up mode. Basically it is a 10% stake in Starling Bank plus some other stuff. Starling is an IPO in 2-3 years time on the NYSE (and also holds a very valuable software co, Engine). So there shd be 2 years worth of growth plus the elimination of the illiquidity discount on top of current NAV.Waz Shakoor says he has weighed in heavily on this name, as have I.

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