Perhaps, but there are 3 reasons why the downward spiral might continue for a couple more months: 1. The substantial decline in 2nd half 07 production will have an adverse impact on forthcoming quarterly production and financial statements compared with that forecast. This is likely to drive the share price lower, even though a lot of the bad news has already been discounted. 2. If the decline in market cap continues, it is likely to be dropped from the ASX200, triggering insto selling 3. Technicals-just dropped through its last support, and nothing to help it on the chart. Good luck
PEM Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held
