Last week I said that Pan will ultimately have to re-test the...

Last week I said that Pan will ultimately have to re-test the 200sma at $0255.

This has finally played out and I expected the price action to reject on the first attempt as the market algorithms/ traders kicked in to sell the 200sma.

As we work through the volumes (like today) then we can make another attempt at the 200sma.

You will note that we tend to lag IGO and other miners by about 2 weeks, IGO went through the same price action earlier this month by rejecting at the 200sma and then finally going through it/ back-tested it and appears to be moving higher. BHP has also just reclaimed the 200.

Sector way too hot right now, this will get through but just need a little more work around this area first.

Mason.