* Todays rise in price is not indicative of share holder approval of this announcement.
* Copper price last night rose to still historically high levels.
* The world economy is still really on the brink of collapse, i.e countries in situations where they are unable to ever foresee a future where they will be able to pay back that debt.
* PNA buyers seem to have a habit of buying in a small way on an over all good day on the market, and conversely selling up big on bad days.
The decision to diversify is a good one, all the eggs... etc. But in reality, the vulnerability lies in the ability to sell predominantly copper for a reasonable profit. I am cautious in times like these. Cash is king for now. I still hold a small parcel.
Overall perspective, good move by management, but in an uncertain world, they can only control so much.
PNA Price at posting:
$2.40 Sentiment: Hold Disclosure: Held
