MARKET HEADLINE: SHORT SELLING BY OCTOBER

United Paragon Mining Corp.
#1
BUSINESS PROFILE

United Paragon Mining Corporation (UPM) is a Philippine corporation whose main business is the exploration, development, exploitation, recovery and sale of gold. UPM was the result of a merger in 1989 between United Asia and Geothermal Resources (UAR) and Abcar Paragon Mining Corporation, in which UAR became the surviving entity. UAR was then renamed in 1990 as United Paragon Mining Corporation.

UPM's principal mining operation is the Longos Mine at Paracale, Camarines Norte. The Company operated an open pit area in the mine from August 1988 to June 1994, and by April 1994, UPM began the commercial operations of the underground mine at the same site. However, it was placed under care and maintenance in December 1998 because of serious depletion of economic reserves, high operating costs and low metal prices. In November 2003, the Company decided to suspend further drilling in Longos. There were no gold and silver recovered in the years 2006 to 2009 since UPM's mining and milling operations are still suspended.

Another prospective area for UPM's exploration is San Mauricio located in Jose Panganiban. The Company has plans of continuing exploration drilling in San Mauricio once the necessary clearance from the Department of Environment and Natural Resources (DENR) is secured. UPM is in the process of finding a strategic partner/ investor and/ or creditor to help finance the amount required for the rehabilitation and further development of Longos Mine.

Source: SEC Form 17-A (2009)



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Kung walang drama walang saya Tongue
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#2
Part of the Ramos family and when they do a big run-up, the whole family goes up. Smile
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#3
done my tsupit with UPM. Hard stock to sell as volume is often weak
The World is a Vampire . . .
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#4
500M shares cross today by Alakor (232), Phil Equity (338) bot 153M without selling. BDO still holding its 222M and RCBC 114M since July 1. Signaling of something explosive to happen? Break mo muna si .019 and fly high. Big Grin Goodluck sa mga me hawak nito.
If it doesn't feel right, don't do it!
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#5
ASM na this friday...di ka man lng tumaas...ewan ko sa yo UPM..1B shares last week wala wenta..grrr
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#6
kapatid may bukas pa. heheheheheheBig Grin
If it doesn't feel right, don't do it!
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#7
aba dapat bukas eh meron ng mangyari sa kanya...
Planning without action is futile, action without planning is fatal (Unknown)

"Leave all things for God but never leave God for all things."

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#8
Walang price action. ASM will just be an ordinary day. Tongue
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#9
wala na to hahahaha. pasiklab lang pla 2 days ago.
If it doesn't feel right, don't do it!
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#10
Supot pala ito just like the owner! Big Grin
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