I have no evidence that the price is being manipulated. I believe the large seller of around 400000 shares that was sitting at 0.30 for several weeks sold out today. They may have sold in their own time to take profit or they may be highly geared and couldnt wait to get 0.30
I have specialized in resource stocks for a long time and have leaned to choose stocks that are undervalued on fundamentals and have sound management with vision PMH is in my opinion the most undervalued Copper gold and Uranium stock on the ASX There are a number of copper and copper and gold stocks that have had exponential growth this year based on a few drill holes and media massage. None have PMHs JORC res in a mining friendly jurisdiction blessed with infrastructure and a workforce on their doorstep Most dont have a JORC res and many are miles from infrastructure Markets do not price junior resource shares rationally in the short term as the daily movements are mostly set by excitable short term traders who can make spectacular profits and losses in short time spans Sometimes an institutional investor wants to go at all costs and this is the best buying time for a long term investor to get real volume at a low price This happened earlier this year with PMH and I was able to add over 1 million shares to my holding in one day at 0.04 cents. In total over 4 million were dumped within a week
PMH Price at posting:
22.0¢ Sentiment: LT Buy Disclosure: Held
