Maybe it will help...but watch Xtrata pick up this company for little money..see UBS shareholding in PEM...the reason PEM did not merge would be that Xtrata has a hand in here..why..CBH has got Toho Japan..zinc and lead producer as main shareholder...31% of CBH...now if PEM and CBH had merged ...Toho would NEVER sold out to Xtrata...also Mt Oxide in nth queensland..near Mt Isa...Xtrata has spare capacity in their mill for copper production..so all these ann. wont worry Xtrata as they are used to buy up companies..after all they only paid 60cents for MIM....Pem will be swallowed by Xtrata soon...after all UBS and Xtrata work together...now do your research..as far as the share price rising...dont think so as Xtrata through UBS controlls a large no of shares..and they will cap this share...
PEM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
