PMH 0.00% 26.0¢ pacmag metals limited

Hi MephThere will always be selling by traders and even longer...

  1. 434 Posts.
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    Hi Meph
    There will always be selling by traders and even longer term holders selling down part of their holding if they need funds to allocate to other investments
    Taking profit is healthy
    What is heartening is the establishment of a new trading
    band of 22-30 over the past 2 months
    I can clearly recall topping up heavily at 0.045 in April when 2 instos decided to go no matter what the cost

    You rightly point out there is a raft of anns coming in the next 2 months
    Copper seems to be establishing itself above a 2.80 base even without a major recovery yet in building and manufacturing outside China

    Excellent news from Nevada Copper last night They have the money in the bank from Capstone Mining who now holds 11% of the capital. The general discussion around Capstones future role indicates NCU are defending against a potential predator swoop as the majors look to rationalize the Yerrington Nevada world class reserves
    Future warrants are to be issued at 3.00 a share valuing PMH on a Nevada copper region reserves basis at 0.93

    Once the selling at 0.30 is absorbed I predict we will see a rapid run up towards 1.00
    Waiken
 
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