IMO the good news today was to help support a falling share price. They released good copper results once before when the price was going into freefall. The result then was similar to the result today.
Always good to have the copper up your sleeve when there is nothing else to offer the market. It doesnt push the SP up much but does help to stop the freefall.
I don't currently hold the stock as I finally sold out when the price was still above $1.00 after following the price down from its highs. Did a little trading along the way but the story has not been good. The only good bit was getting out all together. I did make some money on the way up though , buying at around $0.75 and selling some at $5+ and so have not really lost overall.
Can empathise with those who have held the stock for a while. When the zinc price turns around this could be a great little earner, so long as PEM can hold out that long.
Von.
PEM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
