Just no buyers in the last two weeks with the sp drifting down 6c or 16% - I am mystified but I still think we'll get good figures this week for Q4 and hopefully good progress news on the Potassi/Silver Peak development that is due to start commissioning shortly. The quarterly should give confidence to start buying again - it's hard sitting on the sidelines here but that's the cautious approach. We should also get updated production guidance for 2013. Although a dividend soon would be great,I really don't see it as they still have a ton of tax losses to absorp from prior years at Broken Hill so little prospect of any tax being paid on Australian operations for a couple of years - so no franked dividends possible and I hate unfranked dividends.
PEM Price at posting:
31.5¢ Sentiment: LT Buy Disclosure: Held
