George Soros has just taken a stake in Marengo Mining MGO I have held this stock Their resource in Papua NG was similar in size to PMHs Anne Mason when I held last year MGOs res is far less accessible
Hopefully George may notice PMH There is a chance he may be reviewing undervalued Copper Coys atm
PMH is finding a higher trading range over several challenging trading days It looks like it may break out when markets stabilize again
The Coy is looking at moving Sentinel forward by Dec If the share price keeps improving they may be able to fund the Capex of 20Mill with a reasonable sized issue A 50/50 JV in exchange for the partner funding the Capex would still give a good result
PMH is expanding on many fronts at the moment Once one of their projects is monetized they will move ahead rapidly
PMH Price at posting:
15.0¢ Sentiment: LT Buy Disclosure: Held
