re: Ann: Placement to Zhongjin Receives Share...
There is no silver bullet in this environment
I am a holder in TMR (Australian owned) and now it's in voluntary Administration. Escaped from MRX (Australian owned with high grade copper) before went into voluntary Administration.
There are plenty of great companies' assets (CUE, OZL and so on) which have to be sold by the Company or the Administrator and the Chinese might become a 100% owners of them.
In PEM situation, at least there is a hope the company might survive. Regardless whether the Chinese enter into the contract with the companies or not, they play a huge role in the metal prices, which has a wider impact on the survival of many companies.
Hope PEM might not only survive that crisis but also be financially stronger before the next bull comes.
NJ
PEM Price at posting:
16.8¢ Sentiment: Hold Disclosure: Held
