dangerous

PNA is running on new research from Were. It is important to understand that this stock is now through their valuation, which is about 1.5X higher than Credit Suisse as Were have the highest copper assumptions in the market. Moreover, it is well towards a blue sky target with all thrown in including the kitchen sink and is running on takeover rumours relating to Oxiana (ie OXR was target not acquirer) despite OXR's share price falling the last few days. And to make the run over the last 2 days even more irrational is that the copper price has fallen meaningfully both days. Don't be surprised to see PNA fall hard when reality bites