We last looked at this stock in November when it was trading for around 26 cents a share. More than a year earlier, I had visited the company’s 22-kilometer mine site in Idaho and came away impressed — not only with the site’s geological potential, but also with Premium’s experienced and dedicated management team. However, because PMMEF failed to generate the ‘buy’ signal that had been stipulated in the November tout, we did nothing as the stock fell to a current price of around 7 cents. It is close to becoming a speculative buy, however, as it approaches the 0.0616 midpoint support of the pattern shown in the chart. Accordingly, I’ll recommend buying ten-thousand shares for 0.0631, stop .0589, good-till-canceled. Please be aware that because the stock is thinly traded, the stop-loss may not work as intended. Commissions could be high too, so you’ll need to determine for yourself whether it’s worth the risk. It is intended as a speculative play with high potential. _______ UPDATE (May 15, 8:45 p.m. EDT): We bought 10000 shares for o.0631 yesterday when the stock came within nine-hundredths of a cent of my target. If your order filled at a better price, please let me know in the chat room. For now, lower the stop-loss to 0.049 and let the position ride.
