Strong buying over the last week A lot of chunky bites of 50-100K. Several above 100K.
Some larger players at work. Arbitrage players or a stake builder possibly. Solid buying at 0.31 at days end also a large amount of selling at 0.31 was pulled at the days end. Buyers above 0.285 pulled out after the close.
With Cu outlook strong and corporate activity strong in mining coys I think we have a high chance of a second bid in the next 2-4 weeks.
Entree has a problem with its share price staying under 3.00. This will help another bidder. Anns from RIO Ivanhoe and Entree coming in before the merger voting date will help Entrees cause.
Waiken
PMH Price at posting:
31.0¢ Sentiment: LT Buy Disclosure: Held
