Mm, the continuing slide is a concern, I agree. Thing is, though, the average daily volume over the past three months is 243,000 shares. That's only $24k worth (and today's is only around $43k worth) ... I'm no expert, but that looks to me more like a bit of a holding pattern than a serious rush for the exits.
If funding came through tomorrow, we'd see a big rise, there's no two ways about that. It probably won't though. When (if!) it will happen - that's the four hundred million dollar question.
It's basically a gamble. We (should) all know that. I'm still hanging on, hoping that the money comes through sometime this year - that the economics of the mine (which still look pretty good to my untrained eye, even with the drop in rare earth prices) will win through. Should you? Well, it comes down to the advice my father gave me: don't put money into the share market that you can't afford to lose.
PEK Price at posting:
9.3¢ Sentiment: Hold Disclosure: Held
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