With the trade war underway and rare earths back in favour, PM8's project is likely to find some love. Close to rail infrastructure, with more drill results, a resource upgrade, the PFS and a London listing still to come. Institutional support has come from Fidelity buying on market and they have also just finalised a placement at a small discount.
Looking at the chart, I think if we can get through 3.5c then we're a real possibility of closing the gap up to 8c.
There wasn't much volume at either the 4c or 5c resistance points, however there was some volume at around the 3.5c level back in 2016 which probably caused it to become a resistance point in 2017.
PM8 Chart
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