Someone keeps stacking the sell side and appear determined to hold it at bay... for now. Also some bots now getting involved. The Chinese already have control so I can't see a TO coming for PEM stock. Definately someone positioning. The fundementals are strong.... heres a few things that may provide the catalyst for the next leg up.
Broken Hill - a solid foundation with 2.8Mtpa concentrator. LOM plan 8+ years based on reserves (being updated for release in December Quarter)
On the back of the Company’s sustained improved performance and cashflows at Broken Hill, the Company has recommenced exploration drilling programs at Mt Oxide, Broken Hill and the Flinders projects, with a focus on near term development targets.
Drilling program commenced on the North Mine mineral sands project and feasibility work is underway on that project.
Zhongjin is a strong and well funded partner and signalling a desire for acquisitions
PEM Price at posting:
46.9¢ Sentiment: Buy Disclosure: Held
