Prom Resources Inc (PRMO)

[CTigerHDragon]

This may be interesting to CarzyJ only. It appeared on CGHI (platinum miner in S. Africa) IHUB board. CGHI has 2 billion in platinum in tht Naboom (AS IN KABOOM) region but has no permit and may not get it due to it is a tourist area. But CGHI is mysteriously going up and NOBODY knows why. I will buy a bigger lotto ticket in CGHI is Prom ever pays out. Here is the article about the India Platinum Company lurking in S. Africa Naboom region. Maybe that is where Xuan disappeared to - the NABOOM region. I HOPE that PRMO stumbles over some big platinum deposits. p.s. Colorado Rockies ball team are sissy - GO RED SOX!




Friday October 19, 11:43 AM
Platinum Mining to buy 20 pct stake in Majormatic for 1 mln usd

LONDON (Thomson Financial) - Platinum Mining Corp of India PLC (LSE: PMCI.L - news) (PMCI) said it has agreed to buy a 20 pct stake (Advertisement)

in Majormatic167 Ltd for 1 mln usd which will be re-invested in an exploration programme.

The company said Majormatic has been granted the prospecting rights over the Naboom Platinum Deposit in South Africa. Majormatic will use the investment to fund the first phase of exploration at this deposit which will start in October/November (Frankfurt: A0S9N7 - news) .

If results from this exploration are sufficiently promising, the share subscription agreement allows PMCI to increase its stake to 51 pct by investing a further 3.5 mln usd in more extensive exploration.

The investment will will be funded by PMCI's own cash resources.

Chairman Philip Adeane said the investment will diversify the company's asset base. It expects the initial exploration to be completed by the year end.






Platinum Mining Corp...
PMCI.L
20.50
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