I'd be guessing a bit of a slump in metal prices + they don't have the exposure to IGO anymore which was a boomer nickle exposure....
Strike Oil have been a good investment & they now have a fair bit of the new gas company spun off by Strike.
The new gold mine sounds like it will be a goer & the raising AUD helps the debt facility.
Not sure on their Forex/Hedging but silver prices should be helping.
Not the worst company around.....an emerging diversified miner....?
Most boom are followed by a bust.....Zinc & Lead are coming off recent highs.......Hopefully a soft landing or renewed demand from Asia / India will continue PEM's run...
