Interesting that PanAust outperformed all the other copper stocks today so seemingly more to it than just the Chilean earthquake.
I think there was a Credit Suisse upgrade of PNA to outperform although I doubt that alone was the difference.
Copper and gold are up tonight so perhaps a bit of a turning point here. That gap at $1.80 should be the first target.
I don't know what the high volume means moviedancer. What caused me to buy last week was the strength of the prior move from $1.55 to $2.10 in 8 days. The uncharacteristic volume and conviction there was extremely high. I don't think it can be explained by the gold price running at the same time. There is something more to it.
I think MMG has been discussed as a possible suitor in the past and they have assets in Laos. Perhaps something circulating in the market?
PNA Price at posting:
$1.68 Sentiment: Buy Disclosure: Held
