Poor pasminco holders ...pas goes under and not long after the elements that caused the massive destruction in shareholder wealth.ie Low commodity prices and low AUD reverse and commence their bull run.
In hind sight the fat lady sang for the end of the bear market in base metals and aud when pas went under.
Could it be that the decline of ozl could represent the second coming of the fat lady? Surely a bottom is here abouts for base metals.
