Not a great report - yep they get rid of the bad silver hedge and then enter into bad hedges for zinc & lead - an entire quarter's production - it beggars belief. They make very little from Broken Hill and need a substantial lift in production to ever do so. They should spell out in detail each quarterly when principal payments are due on each of their three loans as investors will get concerned about a capital raising to repay these short term loans.
PEM Price at posting:
32.0¢ Sentiment: Hold Disclosure: Held