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MMs appear to be very short of stock this morning.
Tried a FOK for 35,000 at 5.2 and it failed. Just tried for 15,000 and it failed too.
They want your shares!

Well there you go, I said it would get back to 5p before the end of the week.
I think 6-7p is possible by the end of the week now. :)

Hi Steve, think we have a few T trades closing out today. I am sure we will back above 5p in the next few day.
DId you take a look at CRCL, seems to have gained a bit of interest in the last couple of sessions.
BTW Good win for Newcastle at the weekend. :)
All the best. J

Got them!

Can't buy anything online at the moment. Put in a FOK on 100K at 3.9. Lets see if I am allowed to have them.

Hi Steve, Newcastles Manager is Steve Bruce, thought you had dropped the "ce" off the end of Bruce to remain incognito:)
Are you invested in any other recovery plays? I bought into CRCL today, bombed out and could recover well. Not a pleasant history to it mind but with new management in place it could get some attnetion.
Have a great evening. ATB Jerry

Hi Stevebru I think this has all the hallmarks of a recovery share and the graph does look rather interesting.
Let's see what the next few weeks and months hold for us. I have managed to nibble away and accumulate a few more than you so I hope I am right! You don't manage Newcastle United do you? :)

You have to buy them when they are available and build up a stake slowly.
This will move up soon enough. A blue finish looks very likely.

No worries MK. I think the key here is to buy and tuck away for a few months.
PJ seems very confident and I like the fact that we have multiple projects in multiple commodities any of which could have a huge pay day.
Good luck whatever you decide to do.

MKumar, you could be right but this feels different.

L2 showing 1X 1.1 and 4 X 1.2.
Very few trades so far so there must be some big delayed buys or the market knows something we don't.

I think we are in the "nibble" phase at the moment with lots of smaller buys going through on a consistent basis.
Next week should see this increase as investors become aware of the trading update on the 22nd and do their research.
With all the evidence we now have that the sector is performing well I still can't work out why the market is over looking this.
I appreciate our track record hasn't been great but we have a new team in please and a new strategy being deployed. Online is the place to be at the moment.

Copper now approaching $2.88 lb, Minto must be making money at these prices?!

Majic, it looks like we are the only ones who see it this way. Others I am sure will cotton on soon enough.

Has anyone noticed the surge in the copper price? At the low in March it touched $2.15 a lb and is now trading at $2.84 which is a 35% increase. In fact $2.84 is nearly the year high for copper. Minto also produces gold which as everybody knows is on a roll.
I appreciate our reduced stake in Minto is only 11% but with Copper and Gold on bull runs there must be more value here than 3p.
Add to the above the debt obligations which have been removed ($10-20M).
We need more detail on how Minto is doing but if there is a sniff that things are now working out, this could take off.

That 10K was mine on a fill or kill. Took about 15 minutes for the trade to get done.
I don't think the MMs have any stock.

The last major move in the share price was at end of April. The move started at 2p and ended at the end of May at 4.3p. If we have the start of another move on our hands today then we could see 5.5-6p in a couple of weeks.
Fingers crossed.

Bythesea
Agreed they now have 11% instead of the 33%. However if you read the 6th of April announcement, the reduction enabled PERE to reduce their future commitments to the mine and other parties by up to $25m CAD. So although they have a reduced equity stake in the mine they have had a very large liability removed.

A bombed out stock, which unlike most other resource stocks, hasn't recovered yet.
Copper is now priced the same as it was before the crash in March when PERE was trading at 10p.
Says it all really. A recovery in the price could be over due.

Looks like people are getting squeezed out as the price goes down. I have to admit this is painful but what goes down must go up eventually.