Bullish breakout for PEM yesterday

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    More good gains for PEM today.

    Its break above the medium term down trendline after sp bounced off support around 3.50, provided an excellent opportunity for entry.

    There was a slight convergence on the MACD just befor reversal.

    Price momentum is definitely on the improve from being very oversold. Stochastics are crossing up

    Looks to be trading in a sideways range between 3.50 and 5.20 but proving good ann are forthcoming sp could break upwards past this range.

    Entry now should yield a return of around 25% by the end of the year or sooner.

    Diversified miner with international exposure.

    In production and showing good profits.

    100% owned Potasi should be in production later this year plus other resource developments in the pipeline.

    Cheers

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