fully locked and loaded....rise today on medium volume tells volumes...only concern is the high level of expectations on the SH board....a healthy dose of skepticism is always a good thing...we will find out very soon.

nope

Is this Therock17 from Stockhouse??

PFM :)))))))))))))))))))))))))

you have been an island unto yourself on this board.....with such good analysis going to waste! try the stockhouse board for PFM.....it's decent with some good people. This stock is going MUCH higher Much sooner than people realize. Congrats on your investment!

PFM-PP over subscribed by double now/WOW

Not everyone going to get there shares from PP so they will have to buy on the open market.


The commisioned report must be juicy on that Oil Sands property

In the fall of 2006, STP was trading in the $0.70 to $0.80 range.
At that time it had just announced its acquistion of 80 % of 7100 acres of oil sand leases and had raised $10 million thru a equity PP.
Subsequently, that net acreage increased to about 11,000 acres and its first resource estimate was announced in early 2007, subsequent to seismics and a 12 hole drilling program.

PFM is now where STP was in the fall of 2006, having announced that it is changing to an oil sands junior and has already acquired 14,700 acres.

In addition to having more oil sand acreage, PFM is also ahead of STP.... as it was in the fall of 2006... for several reasons.

PFM has raised $11 million recently, with only $3 million of that from equity...the remainder came form selling about half of its existing production.
PFM now has only 36 m shares fully diluted, whereas STP had 53 million fully diluted subsequent to its fall/06 equity raise.

More importantly, PFM still has existing production of 170 boe/day of the sweetest crude. At current prices, that is grossing about $ 5 million annualy and from which it should be able to squeeze about $2.5 million in cash flow..enough to pay operating expenses for a full year for several years into the future.

At 5 times cash flow, that existing production would give PFM a valutaion of about $0.35/share..exclusive of its oil sands holdings.

That is, instead of trading at about $0.75.....where STP was last fall...it should be trading above the $1 level.

Consiering also that PFM has 17 million shares less than what STP had last fall, one can can at least another $0.25 to $0.50 per share ( 17 m shares at $0.75 would raise about $13 million or about $0.35/share ).

That is, PFM could trade in the $1.25 to 1.50 range and still be more than comparable to where STP was in Nov/06 ( is has more acreage ).
STP has tripled from that level, implying that PFM could be over $4 by this time next spring..more if they add more acrage.

This is not to say that STP is fully valued.
Far from it.

It is a superb buy , with strong gains coming in the next few months.
Myown 1 year target is $7.50 for STP.

As for PFM, load up at these prices.
They wont last

Anyway, thats how I view PFM and where it is likley to go in the short term..
http://www.stockhouse.com/bullboards/viewmessage.asp?no=14681635&t=0&all=0&TableID=0

Platform investor Hesperian boosts shareholding

2006-07-20 18:37 ET - News Release
Shares issued 23,963,434
PFM Close 2006-07-20 C$ 0.415


Mr. William Koenig of Hesperian reports

HESPERIAN CAPITAL MANAGEMENT LTD. ANNOUNCES SIGNIFICANT INVESTMENT IN PLATFORM RESOURCES INC.

Hesperian Capital Management Ltd., which manages a strategically focused group of public and private investment funds (the Norrep group of funds), has confirmed Norrep Performance 2006 Flow-Through Limited Partnership has acquired two million shares of Platform Resources Inc.

As a result of this investment, Hesperian controls four million common shares, which represent 13.92 per cent of the outstanding voting shares of Platform Resources.

The Platform Resources shares are held by Hesperian for investment purposes and will be reviewed by Hesperian's management on a regular basis. Management may increase or decrease its share ownership of this investment in the future. A copy of the report filed by Hesperian in connection with the acquisition, as required under applicable securities legislation, may be obtained by contacting the office of Hesperian at 1-877-531-9355.

Most Oil Sands stocks have billion dollar market caps

Platform to propose name change to Alberta Oil Sands

15,000 acres in the heart of Oil Sands Country by Fort McMurray

PFM is very close to Petro Canada lands