There sure has been some accumulation going on, sell depth is light with occasional trader or profit taker appearing every now and then but somebody is happy to soak up the market depth as needed.
Just like so many other quality juniors, PZC has been sold down from it's 12 month high on the smallest of volume.
With so little shares on offer, anyone considering a significant position may find it hard to do so without driving the s/p back up to previous highs.
It's likely the traders will get on board soon, but hopefully we can stay under the radar before it starts to get played around too much. Accumulation is what we like to see with a nice gradual rise.
Looking at the charts you'd think that 2011 wasn't a year to be excited about, but ironically management ticked off all the right boxes achieving all the right ground work to secure the long term growth and future success. 2011 was the year of being patient as was 2010 but 2012 will be the year of excitement.
The foundations have been laid, the fundamentals are strong it's only a matter of time before market becomes aware.
Was that a nice ramp?
PZC Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
