Hi J.
I told you they were cheap in the low 40s.... they are now up over 25% from our first discussions.
They CBH/PEM ratio is now getting near 5 to 1.... a long way from the revised 3.5 to 1 offer.
I tried to tell you..... PEM is a much better play than CBH.
PEM are now in a position to wether the storm for the next few years..... really happy they closed out their hedge book....
Battle it out for the next 6 months and watch Lead and Zinc back over $1.20lb... and they can lock in some more hedges on the next $1.50 spkie...
- Forums
- ASX - By Stock
- PEM
- before you all get too excited.....
before you all get too excited....., page-8
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
NEWS
Breakthrough programs slash healthcare events, driving a significant A$1.8M+ annual revenue boost
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries