I hardly think it was a master stroke. Management took the position to hedge silver at much lower prices. Correcting a stupid mistake is hardly a master stroke. In any event, correct me if I'm wrong as I dont pay as much attention with this stock (only a small holding), but I seem to recall they have rehedged some silver production albeit at higher prices. Still dumb. By the way I am not talking with the benefit of hindsight. If you go back through the posts I said it was idiotic at the time. Not long after I sold most of my shares.
PEM Price at posting:
53.3¢ Sentiment: Hold Disclosure: Held