PMA presented at a conference in Hong Kong the other day. The presentation is available from PMA. It does not make Chengde look good as a V producer. Getting V from AXO via Chengde slag does not look economically attractive. Getting V directly from the mine might be a goer.
I have reduced my holdings of PMA further, not because I think it is a dud but because I think the political risk is now too great. Being sued for $20 mill and having to pay could seriously damage PMA. I'll sit and watch.
AXO still needs the money and has not got it. With out it there is no go.
AXO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
