the silver hedges were part of conditions the bank of china had for the 65 million dollar loan made in order for pem to buy out their original bad silver hedges. it will affect us this year negatively but can you imagine what next year will be like with out them. pem is a long term play. but i expect short term upside very soon with the mt oxide announcement and our 1st quarter results with the intergration of globestar due very soon. most brokers reports ive seen around have pem @ around high .80s and a few like morningstar have it in the .90s i dont even of pem as a risk anymore there is only one way the sp is going this year
PEM Price at posting:
60.4¢ Sentiment: Hold Disclosure: Held
