How exactly do you figure that? Some outperformance all right. It closed down 9 cents on the TSX as the PM share market continues to evaporate.
Not wishing to be pessimistic and not bashing but this is a consistent pattern. The share price is clearly in lockdown and a few days of a few cents up are not an outperformance by any stretch of the imagination, let alone a continuation.
No amount of rationalizing is going to change the fact this company has lost 80% of its value since it swallowed ECU.
And we can believe there will be a fundamental production turnaround when there IS one as reflected by a profit vs. loss statement predicated on GAAP.
Hope is not a good investment strategy.