Lets hope PAL continues to move up from these levels.
Flavour of the moment is resources to state the obvious, and this one was/is/maybe the darling of the magnesium hopefuls ....at least in Australia.
Interesting that Star Mining is making a play for Pimas extensive portfolio of non magnesium exploration tenements, perhaps this might be a reason for Pimas recent move upwards?
Will that bring value to Pima/Star shareholders? Does Star Mining have the capacity and the expertise to utilise/develop these tenements? Seem to recall they had a few hitches in Russia some time back mining gold.
That all said, perhaps PAL alone is way undervalued 'IF' it gets its magnesium operations off the ground (independent and company reports appear to back that assumption up)....the Star Mining collaboration may well be a wildcard?
