possible takeover, page-8

Thx Oli, the news I have been getting here is that PEM is going to the wall....from contractors, workers and the like. I understand what your saying about the noteholders, but what Im getting here is that Pem are gone! I know its town talk but here, thats always been pretty solid. With that in mind, I can not for the life of me see PEM surviving alone, yep cbh also are at deaths door, but as sure as day runs to night......the town talk here, as convoluted as it may be....is that cbh and not pem will end up with the keys. I hope both survive and somehow extracate themselves from the whole, but reality says one will fall and I can only, and will only post thoughts on what Im hearing around town. Cheers mate.