here is some info you should all be aware of paim.all about paim.
Pearl Asian Mining Industries Inc. (OTC: PAIM) is an international mining company exploring the world for opportunities to open or reopen mine facilities and develop them into productive and profitable operations. Utilizing a Debt-Free Financial Statement, and world-class mining expertise, Pearl Asian is recognized for its leadership in the mining industry.
Pearl Asian Mining Industries Inc. currently owns 100% of the 12 mining claims in the Namaimo Area of Vancouver Island, British, Columbia, Canada. PAIM owns 100% of the Exclusive Operation Mining Agreement (EOMP) with the Pearl Asian Mining- Philippines Corporation, 100% owner of the Small Scale Mining Permit (SSMP) on the 20 hectares of the XYZ Gold Mine Site; with pending approval of its Minerals Production Sharing Agreement (MPSA) Certification on over 8000 hectares of the XYZ Gold Mine Site. MPSA is the equivalent to the Mining Claims in US & Canada.
Pearl Asian's mission is to partner with the Philippine Government in order to acquire abandoned mines with known and proven gold reserves left for centuries. In addition, Pearl Asian is involved in providing products and services targeting the small scale miners in order to create orderly and sustainable gold and mineral productions that promote the growth of this newly-born, Mining Revival Industry Sector of the Philippines. This Small Scale Mining is a Community Livelihood Economic Base that covers 1% of the total Philippines Gold Mines and substantial amount of Gold productions output.
now on march 4 they said they would be buying back 90% of the outstanding shares. the most activily traded pinksheet stock (and has been there for about 6 months) will be trading with 1/10 of the float it had.
not only thats there debt free.
with the price of gold, copper, etc...
i feel its really going to move after the buy back.
if you have any questions or disagree emial me or post it up.
flantonio2005@yahoo.com