Yes it is testing the 25-27 cent bottom by the looks of the trading and the TA
Ultimately it boils down to the ore in the ground and the truth machines have been drilling nicely. 4 more holes yet unreleased of the 7 drilled and assayed.
I liked the last 3 and I don't see why the next four can't be as good or better.
Buy the dips is good advice. You can't screw with what's in the ground now can you?
http://stockcharts.com/h-sc/ui?s=PEM.V&p=D&yr=0&mn=8&dy=0&id=p05144758892