Hi Meph There will always be selling by traders and even longer term holders selling down part of their holding if they need funds to allocate to other investments Taking profit is healthy What is heartening is the establishment of a new trading band of 22-30 over the past 2 months I can clearly recall topping up heavily at 0.045 in April when 2 instos decided to go no matter what the cost
You rightly point out there is a raft of anns coming in the next 2 months Copper seems to be establishing itself above a 2.80 base even without a major recovery yet in building and manufacturing outside China
Excellent news from Nevada Copper last night They have the money in the bank from Capstone Mining who now holds 11% of the capital. The general discussion around Capstones future role indicates NCU are defending against a potential predator swoop as the majors look to rationalize the Yerrington Nevada world class reserves Future warrants are to be issued at 3.00 a share valuing PMH on a Nevada copper region reserves basis at 0.93
Once the selling at 0.30 is absorbed I predict we will see a rapid run up towards 1.00 Waiken
PMH Price at posting:
23.0¢ Sentiment: LT Buy Disclosure: Held