Well, what can I say? I think management made a good job in particular when comparing to 2008. I know with the current environment it is difficult to be optimistic but Perilya is still making profit (due to the acquisition), has extended the lifetime of some of their mines, so let´s hope that the metal proces will rise again.
Perilya made their majority of the 2011 profit in the first half of 2011. To my knowledge the current environment and also Perilyas earnings are similar to the second half of 2011 => Perilya should also make some profit in 2012 but the half year results will tell.
They also have some cash in hands to be spent for another acquisition.
PEM Price at posting:
30.0¢ Sentiment: None Disclosure: Held
