UPM

PSEi 5,017.44

4.85    0.0966

UPM United Paragon Mining Corp.
Mineral Exploration and Mining business
In 2003 decided to suspend drilling in Longos. Investor priced it at 0.001 (lowest ever)
After 4 years...
went up until 0.024 on June 2007. One can make money on this easy 23x

...and plunged back until 0.003 in 2009 (certainly affected during recession period)
Since then it is going up to where it is now and been in 5 months consolidation. 

Last Aug.2011 the volume traded to 7.6B shares (largest ever) and this period seems to be different than before when it peaked with less Volume.

2003-bottom
2007-peak
2009-bottom
2011-2012 peak then consolidate

Chart hints a pattern if we start in 2004 and peak in mid 2007, bottom in 2009 and peak up again in 2012.

Will UPM repeat the cycle and possibly go down to 0.007? BUT the chart says otherwise...The 5 month consolidation speaks something.

Consolidation as defined by Investopedia:
"Generally regarded as a period of indecision"
Once the price of the asset breaks through the identified areas of support or resistance, volatility quickly increases and so does the opportunity for short-term traders to generate a profit.

2007- 0.024
2012- 0.024
currently- (0.022-0.021)

It's different now in a sense that-

Catalyst:
-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.

Peeping at their list of stockholders, I can find OV (Philodrill)..but I wonder I can't find National Bookstore which the Ramos' owned.
http://www2.pse.com.ph/html/ListedCompanies/pdf/2012/UPM_Top100_Mar2012.pdf

Here's an article way back 2008 where Natioanl bookstore acquired shares in UPM.
United Paragon Mining Corp. (UPM PM): National Bookstore Inc. acquired 76.87 billion shares in the mineral explorer and miner at 1 centavo each on July 24 2008 increasing its stake to 33.4 percent, United Paragon said. The stock was unchanged at 40 centavos.
http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=COAT:PM&sid=aPw4XImJYzaA

This seems to have same play with my PRIM. Same angle of approach but has not hit significant profits =)

Wake up now. Time to make money!

Caveat
US stocks fall for fifth straight session.