I agree with you RM8, that's why I've bravely cut losses and I...

I agree with you RM8, that's why I've bravely cut losses and I am gonna reinvest the money somewhere else. Might come back to PEM if the price is right, but who know what's going on with the company, just look at how they hedge 33,282 ton of Lead (50% of year production) at $1,748 for 2009 compared to current price of $1830. It is quite clear that they must have forcasted that lead price will fall way below $1,830, that's a very depressing outlook.
They claimed on last financial result on Dec'07 that they have $11 mil profit, but if you take out $16 mil profit they made on Herald Resource, they have actually lost $5 mil. It is not hard to figure out they performance on the next half year, with the curent zinc/price, oil price and current labor market. It is not sour grape on my side, it just some of my consideration for selling off my shares.