Anytime we get some good news, the buy/sell depth starts to improve and we get a little rally going in the SP, the sellers quickly get into it, choke off the rally and overwhelm the buyers.
Good to see the cash position continuing to improve allowing PEM to fund ongoing exploration and development. Now we just need world markets to get on top of their debt problems so we can see some decent SP gains.
ANZ
PEM Price at posting:
67.9¢ Sentiment: Hold Disclosure: Held