you guys have no idea, page-6

Look TTC, the resource sector is in trouble big time. It's a race of which companies go broke first. There is no money to be had from lenders and no equity raising will get up in this climate.

It is possible that Chalice will run out of money and the receiver sells mt oxide for a song (which is about all it's worth at the moment) or PEM will go broke and at least they have found a home fo mt oxide. They may both go broke and the assets end up with ex directors for next to nix (has happened before)

I would not cheer this deal if I was you. PEM has lost all credibility. The person who has placed a one mil order at one cents may get the order filled soon the way the share price is going. If PEM goes below 10 cents I may put in a million order at 1.1 cents.

Help

CL27