Just touching the EMA 50 (and hopefully bouncing back), and SP still nicely above the EMA 100 and EMA 200. So - no need to panic - YET.
Obviously ... anything can happen, but at this stage I would think they are at a forward PE of 10 (without Didipio) anyway good value and amazing value if they get Duterte's signature to reopen their Philippine mine (as envisaged). Obviously - the signature would re-create a lot of Philippine jobs, which might well be a motivation.
Just one of the stocks where it pays not to look every day a the SP. One day this all will be sorted and the SP will be up.
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Just touching the EMA 50 (and hopefully bouncing back), and SP...
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