a significant rally in copper should unfold up to around the $2.20 level (which will support PNA) but then it will turn down again
the immediate issue for PNA is what happens on 31 July 2009 when $80M in debt falls due? hopefully they can refinance for a longer term well before then - if not this maturing short term debt will weigh heavily on PNA's share price - irrespective of what the price of copper is
baltic dry index and copper futures, page-6
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