Thanks again Waiken for another well thought through post. I agree totally with your logic. However, I don't think the share price is all that relevant in the short term and it will take some big holders to want to unload to the market before the price will move significantly, and I don't see that happening (an examination of the top 20 holders indicates they hold more than 50% of the shares and I know the distribution beyond the top 20 is also relatively tightly held). As you can see from today's trading, nobody wants to sell more than a few thousand. An insto is going to find it hard to actually buy any shares unless the company does a placement to raise capital - now there's an idea.
PMH Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held