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Prom Resources Inc (PRMO)

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Last Post: 2/24/2017 7:30:21 PM - Followers: 242 - Board type: Free - Posts Today: 0



Gold Inventory

$15,315,872 (as of 09/30/2010)


Gold Sales

For Q1 June 30-Sept 30, 2010, sales were $4,115,124, which generated a net profit of $3,009,794.

For fiscal year ending June 30, 2010, sales were $6,172,876, which generated a net profit of $2,309,938.

For fiscal year ending June 30, 2009, sales were $3,027,000, which generated a net profit of $489,631.

For fiscal year ending June 30, 2008, sales were $1,250,000, which generated a net profit of $951,225. 


Mining Operation Pics




Quarterly/Annual Reports

Q1 for period ended September 30, 2010:





Company History

Prom Resources, Inc. which was formerly known as American Benefits Group, Inc., Lifeline Benefits Group, Inc. and Living Benefits Group, Inc., was incorporated on February 26, 1996, in the state of Florida. The company was involved in the business of viatical settlements. EffectiveJuly 1997, the company ceased its business operations in viatical settlements, liquidated all assets and paid all liabilities. In September 1997, the company was acquired by new shareholders and the company is now in the business of exploring and sampling mining perimeters for mineable material in the Republic of Madagascar and the Republic of Ghana.

In september 2002 Mr. Dror Moradov was elected President and Chief Exeucutive Officer of the company. Under his leadership the company divested all of its subsidiary businesses and focused only on the or further economic viability of exploring and extractions of mineable material in the Republic of Madagascar and the Republic of Ghana

In October of 2006 the company began to secure additional perimeters in the Republic of Madagascar.

As of September 30, 2007 the Company has secured the mining rights in the Republic of Ghana

In January 27th 2009 the company elected Mr. Shyam H. Vasnani as director and Chief Operating Officer. On February 15th he was also appointed as Chief Financial Officer Assets

Prom Resources endeavors to maintain and support its operations through the development of a strong asset base from its Madagascar mining perimeters. Prom Resources' corundum exploration takes place in northern and southern perimeters of Madagascar, the world's fourth largest island, which is located approximately 400 kilometers off the East Coast of Africa. Prom Resources has acquired major interests in well-established and official Malagasy companies, which have corundum concessions in the north and south of the island.


Ambohilovolovo Property

The company’s 80 Gold /Ore Perimeters in the Antananarivo province in the area of Ambohilovolovo has shown potential for significant gold prospects. The initial grab samples taken from these properties that were sent to the refinery yielded as follows:

  • Wgt. In (gms) --- 8.93
  • Used (gms) --- 0.04
  • Wgt. Ret (gms) --- 8.53
  • % Au (%) --- 91.30

Much of the work to date on the Ambohilovolovo property has focused on Gold/Ore Grab samples and assays. Mr. Gino Rasamison has begun to evaluate the property and looks to begin a Feasibility Study and program. The prospect is comprised of a linear, gold bearing quartz stockwork exposed along the southern flank of a trending ridge. This zone appears to be parallel to the trend of the ridge and is bisected by a narrow north-south river valley.

The company will continue to ship and process its grab samples and hopes to use the proceeds from these shipments to fund further exploration.

Ankavandra Property

Prom has acquired extensive land holdings with potential for significant gold prospects. The company currently holds approximately 48 Gold /Ore Perimeters of permits in in the Toliara province in the area Ankavandra. These target areas are considered primary targets for the company, and an initial exploration and sampling program is planed for the 2Q of 08.

At this time most of our efforts are directed to the collection of gold bearing mined material from artesianal labor. The Company’s planned second phase will follow the same path of low investment high return pattern that will allow operations to support future growth.

At the first phase a small, one ton per hour washing plant (shake table) will be used to separate the tested ore dug in pits that will be 3m deep at first and spaced 100m apart on a grid. Manual hand drilling of 2m at the bottom of each pit will define if to extend the pit depth to 5m. In areas where positive mineralization will be detected the pitting will be zoomed in to 50m apart spacing.

Ilaka-Sakaraha Property

The Company has secured 64 Corundum perimeters in the Toliara province in the area of Ilaka-Sakaraha. This area is well know for alluvial corundum. Currently the company allows local villagers to hand cob the perimeters and then purchase this material from them at an expectable cost. This process has proven to be economical to date, due to the following reasons

  • Current workers have limited resources to dig down past 6 feet
  • Material is average grade and can be sold for a high profit
  • Current mining laws allow for locals to inhabit this area

Madagascar FAQ

Location: Measuring 988 miles in length and 357 mile wide, Madagascar is the world's fourth largest island and is located south of the equator, 250 miles off the East Coast of Africa.

Terrain: The versatile terrain of Madagascar features a chain of mountains that cascade through the east-center of the island into the Indian Ocean, providing shelter and nutrients to a lush tropical coastal plain. To the west of the mountains, a wider, drier plain hosts forests and vast areas of savanna grassland.

Climate: Being located close the equator Madagascar maintains mostly tropical temperatures. However, the temperatures can drop to freezing at higher elevations in the south. Rainfall in Madagascar also varies. The Eastern coast experiences rain on almost a daily basis, whereas the South averages only 51 days of rainfall per year.

Culture: Madagascar is believed to have been virgin territory that was initially inhabited by only a small number of people. By the early 1400's, inhabitants from lands surrounding the Indian Ocean, such as Malaysia, Java, and Africa had settled in Madagascar. During the 1500's Madagascar was a prominent station in the development of trade routes between Europe and the Far East. By the late 1600's pirates ruled the waters surrounding the island. All of these historical events have lead to the assembly of a culturally rich and diverse Malagasy nation.

Language: The first language of Madagascar is Malagasy while the official business language is French. Some English is spoken in Madagascar but is mostly limited to the capital city of Antananarivo and major resort areas. Due to a large early Arabic influence, the many dialects spoken within this island nation have a distinctive Arabic flavor.

How does the political environment of Madagascar factor into PROM's production? Madagascar, a Democratic Republic, has created an atmosphere, through economic reforms and racial harmony, which is favorable to the foreign investor. The Malagasy government is determined to increase foreign investment and has given PROM a strong sense of support. PROM is a welcome addition to the economy of the island Republic, because PROM provides employment, aids economic development, and maintains sensitivity to the Malagasy culture and environment.

What is the current economic condition of Madagascar? Madagascar, classified as a Third World Nation, suffers from insufficient health and educational facilities and a substantial portion of the population suffer from malnutrition. Agriculture, forestry and fishing are the staples of the Malagasy economy, accounting for 35% GDP and 70% of export earnings; but a 3% annual population increase, over-foresting, and a considerable level of land erosion is taking its toll on economic conditions

Head Office
220 Soi Prem Sombat 5,
Pracha Songkro, Din Deang
Bangkok 10400, Thailand

2875 S. Orange Avenue #500
(as of Nov 3, 2010)

Phone: Ph: 407-956-8677
Bangkok: 66 869 732393

Quick Facts
Company Name:Prom Resources, Inc.
Ticker Symbol:PRMO.PK
Exchanges:NQB (Pink Sheets)
Incorporation Date: February 26, 1996
Financial year-end: June 30
Authorized Shares (AS): 20,500,000,000 as of  November 3, 2010
Outstanding Shares (OS):  8,418,197,564 as of September 30, 2010
Federal ID No.65-0647122
Transfer Agent:Transfer Online, Portland OR (Ph: 503-227-2950)
Executive Management: Dror Moradov, President and Director   Shyam H. Vasnani, director, COO and CFO


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Current Price
Bid Ask Day's Range
#46924   It has been eight months since I checked uncooperative 02/24/17 07:30:21 PM
#46923   I SHOULD HAVE KNOWN,PAID 0.0001, HOW COULD I TRUSTUNITS1000000 02/12/17 10:49:23 PM
#46922   IT WAS A DUMP for yr end tax okwife 12/21/16 11:58:23 AM
#46921   Someone just hit this for 35 million shares! ComeWhatMay 12/21/16 11:55:15 AM
#46920   I highly doubt it but I would be PNKBULLSHT 10/13/16 03:39:46 PM
#46919   it was a dump to market makers by okwife 10/13/16 03:34:31 PM
#46918   Nothing surprises me with this POS PNKBULLSHT 10/13/16 02:20:10 PM
#46917   180million trade at 4 am at .000001 strange okwife 10/13/16 09:11:15 AM
#46916   The history you have far surpasses the history uncooperative 07/23/16 09:40:54 AM
#46915   Why are we still beating a dead rotting Ralks Sucks 07/17/16 05:43:46 PM
#46914   Couldn't have said it better! PNKBULLSHT 07/09/16 06:57:27 AM
#46913   The fact is they have nothing. I owned uncooperative 07/08/16 04:06:51 PM
#46912   I hold 20million shares... so a reverse split susa 07/07/16 12:40:51 PM
#46911   You suggest a shell is in the future uncooperative 07/06/16 12:32:23 PM
#46910   there are no numbers that work for this susa 06/17/16 05:24:36 PM
#46909   I wouldn't hold your breath... just saying... BigBaboon 04/28/16 10:13:50 PM
#46908   Com'on Gerry and Dror....get the lead out.....or better The Mothman 04/27/16 11:59:37 AM
#46907   No clue but waste of $$$ PNKBULLSHT 04/18/16 03:03:47 PM
#46906   Wonder who bought 2 million shares this morning? ComeWhatMay 04/18/16 12:05:00 PM
#46905   How many Gerry's does it take to screw Morningstar52 03/09/16 12:00:41 AM
#46904   Well, it appears your hope for this being uncooperative 03/05/16 07:02:14 PM
#46903   Up 900% too... It's alive... LOL BigBaboon 02/18/16 08:54:28 PM
#46902   Guess we must wait till gold does up newtogold 02/18/16 01:42:54 PM
#46901   I've luck PNKBULLSHT 02/18/16 01:35:22 PM
#46900   I am tempted to sell all my 1.5Million newtogold 02/18/16 12:59:55 PM
#46899   Here we go again!! 10k shares PNKBULLSHT 02/18/16 12:36:58 PM
#46898   Your to kind they are the worst type Morningstar52 01/09/16 10:28:40 PM
#46897   That's funny. These guys are really the PNKBULLSHT 01/07/16 03:49:51 PM
#46896   That's funny. These guys are really the PNKBULLSHT 01/07/16 03:33:52 PM
#46895   Well,that is no problem to answer. I actually uncooperative 01/07/16 03:28:52 PM
#46894   Ok not sure what that means? Website PNKBULLSHT 01/07/16 09:55:34 AM
#46893   Hmmmmmmmmmmm... maybe they are getting ready to BigBaboon 01/06/16 10:02:41 PM
#46892   looks like the cabal is alive...24 patina off uncooperative 01/06/16 05:36:49 PM
#46891   This is what I found when I was Morningstar52 12/04/15 10:47:16 PM
#46890   The man who runs this cabal is broke uncooperative 11/30/15 09:17:32 AM
#46889   They did put up a very good BS PNKBULLSHT 11/24/15 08:30:10 AM
#46888   LOL... my guess is... NO...!!! BigBaboon 11/23/15 10:24:18 PM
#46887   Now that's funny! PNKBULLSHT 11/23/15 05:49:06 PM
#46886   any mining here ? mediscience 11/23/15 01:23:53 PM
#46885   Hmmm... scratching my head here...??? BigBaboon 11/21/15 02:18:16 AM
#46884   Go PRMO ! Roofer2 11/20/15 04:14:27 PM
#46883   Freaky Friday....getting ready for power hour!!! 100k volume PNKBULLSHT 11/20/15 02:18:37 PM
#46882   Now ain't that something... BigBaboon 10/15/15 11:36:18 PM
#46881   My dream stock. It would have to be newtogold 10/15/15 07:42:43 PM
#46880   Lol no I think they sell hamburgers now PNKBULLSHT 10/15/15 01:17:38 PM
#46879   is all that dirt still waiting to be ok husband 10/15/15 01:02:14 PM
#46878   Up 900% baby!! Lol PNKBULLSHT 10/15/15 12:46:33 PM
#46877   She's done alright... a fork was stuck BigBaboon 07/26/15 09:19:40 PM
#46876   LOL....5 shares is a 500%+ increase in Volume! The Mothman 07/26/15 07:33:48 PM
#46875   LOL... someone bought 5 shares at .001 BigBaboon 07/24/15 10:20:27 PM