Maybe, maybe not. A couple of trigger points to contend with, the first being the 40c hurdle....a lot of punters can cut and run with up to 30%.
And I think it needs to get well into the 40's before the next report comes out and people realise we're still going nowhere, sideways a best......otherwise it may slide again.
Assuming there is some good industry news (Japan, movement in spot) it may run, but then we may have to contend with the 70c placement, or whoever is left........10%, 20% gain in a year may look really good considering they were sitting on a 60% loss.
Unless there is a monumental shove I don't see it cracking $1 in the next 4 and a bit months due to the possible headwinds noted above...........a few more boxes need ticking to sure it up. A healthy gross profit being foremost in my opinion.
PDN Price at posting:
38.5¢ Sentiment: Hold Disclosure: Held
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