PLM, was telling a friend last night to get in on the prwoa this morning, we had a look over the chart for prw, picking out all the major movements, funny, that the big run up to 80c, was against the fall of nicol from 50,000 to 25000/t. Sort of that MAK, buck the trend stock.
Now when a stock runs up against the trend of its base comodity falling, you know its onto something good.
Looking further, PRW showed quite strong recover trends over the opes period, but was finally king hit by the market crash that took out all specs heavily.
But the facts that this little company has funding in place to proceed and is 12-15 months from production, at 11 mill mc, is the sweetest of all things.
Notice that all companies tend to re-rate when funding is put in place to devleope their key asset. Its a big tick.
I've held the heads since before the 07 rally, and the cgt releif will certainly come in handy as this one re-rates.
May look to offload a portion when it runs to previos highs and smooth sail the residual as well with with the oppies.
This will be a 5 bagger in the next 12m IMO, and 10 bagger for the oppies. And IMO, continued growth in the 12-24 month production phase.
When the companies focus is to get dividends to shareholders, you're onto a winner.
cheers
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