jim, it's probably safer to assume no profit last quarter, given what the broker says. It's also spending $52 million on new projects, plant and exploration in 07/08, so take off say $13 mil for that, and its more like $140 mil cash if you are lucky. The price action so far today looks bearish to me-low volume and failure to decisively overcome $2.20 resistance. But anything can happen in this game-the coy might release an ann that things aren't as grim as some believe.
PEM Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held
