PEM - breakout?

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vbj

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Post Number: 29
Registered: 03-2004

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Sunday, February 06, 2005 - 11:59 pm:

Hi all ,
One that has just caught my eye,has been travelling between 70c and a $1 since last June and on Friday broke above this level with good volumn for a 9 month high.If it can consolidate here $1 looks good support level .Then there doesn't look like much resistance until 1.40.(oh if it was just that easy)Any thoughts anybody?
Val J

P.S. I do not hold PEM (yet)

encephalon

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Post Number: 58
Registered: 08-2003

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Monday, February 07, 2005 - 09:46 pm:

Hi vbj,

I've been holding PEM for a while now and there is a strong indication of fundamentals behind the recent rally in share price. It could quite conceivably reach $1.40 in the near future.

I reverse-engineered their sensitivity analysis using current exchange rates, and zinc and lead prices, and have come up with a positive impact on profit of $29.045m. If you add this figure to the previous years profit and remove abnormals, it should be comfortably near the $30 million zone.

This looks like quite a good figure considering its a $173m company (though the p/e in the zinc/lead sector seems quite low)

Haven't had the chance to do the TA yet, but will post when I do.

Cheers,

Paul

_____________________________________________
ALL YOUR BASE ARE BELONG TO US

"Stupidity is the world's greatest (and most profitable) disease" - Encephalon

vbj

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Post Number: 31
Registered: 03-2004

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Votes: 0


Tuesday, February 08, 2005 - 11:23 am:

Hi Paul,
Thanks for the facts and figures.I'm not much into them ( too lazy).I bought in yesterday,and set stop at 99c.Would have liked a stronger close though.
How did you go with the T/A.All the idicators seem pretty good to me, all heading up.
Just reading Guppy's Trend Trading,and this one seems to fit the bill nicely.Only time will tell.
Bye for now Val J.

magneto

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Post Number: 124
Registered: 08-2003

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Friday, November 11, 2005 - 07:20 pm:

Looks like PEM is heading to the upper channel at approx 1.00

I hold.

Sincerely,
Mag

magneto

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Post Number: 128
Registered: 08-2003

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Friday, December 09, 2005 - 07:39 pm:

PEM looks to have broken out of the long term down trend.

Sincerely,
Mag

tryhay

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Post Number: 43
Registered: 09-2005

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Votes: 0


Saturday, December 17, 2005 - 05:02 pm:

I saw your comments but had no money left over to invest. Am rather partial to Mid cap miners and this one is quite diversified too.

Am sorry I missed the ride - am watching more closely and hope to step on next trip up the channel. Charts below show to also expect some resistance at $1.20 but $1.40 is quite achievable

Daily Heavy resistance around $1.00 has sent it scurrying towards the lower trend line
daily

Weekly Trust it has some herbs left to make it through $1.00 next time

Mark

magneto

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Post Number: 129
Registered: 08-2003

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Sunday, December 18, 2005 - 11:36 am:

Agree with the potential tops. But it needs to find a bottom with the current pullback first. Hopefully, 90 will hold. The weekly signals, both MACD and EMA are still bullish.

Sincerely,
Mag

magneto

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Post Number: 137
Registered: 08-2003

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Friday, January 06, 2006 - 09:10 pm:

Looks set to test 1.20 next.

I hold long.

Sincerely,
Mag

magneto

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Post Number: 140
Registered: 08-2003

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Saturday, January 14, 2006 - 11:04 am:

Next resistance 1.40. After that blue sky.

Still holding.

Sincerely,
Mag

ann

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Post Number: 978
Registered: 04-2004

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Votes: 0


Saturday, January 14, 2006 - 05:12 pm:

Hi Magneto,

It's a little rip snorter isn't it....

Still they have a 20.6% interest in STX along with everything else.

magneto

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Post Number: 144
Registered: 08-2003

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Saturday, January 21, 2006 - 11:13 am:

Ann,

What an amazing month PEM has had!. ATH and fingers crossed for more.

Sincerely,
Mag

tryhay

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Post Number: 436
Registered: 09-2005

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Votes: 0


Thursday, December 21, 2006 - 09:29 pm:

Some time since PEM post here. I dont think Zn has decided what it is doing with price action yet, but the PEM chart is starting to look +ve IMO.

Daily chart: hasn't broken out yet but MA's, TMF, Vol, and chart pattern all look positive

Holding and ready to top up in response to PA

meta4

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Post Number: 13
Registered: 06-2006

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Friday, December 22, 2006 - 06:48 am:

PEM is unlikely to look positive today after zinc went down the plughole overnight.

meta4

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Post Number: 14
Registered: 06-2006

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Votes: 0


Tuesday, January 02, 2007 - 10:31 am:

I'm not sure what's driving Perilya. It seems to have a strong direction even though the zinc price hasn't shown any real moves over the last week. PEM has been marching to a different drummer from the rest of the zinc stocks.