speccie buy for me this arvo at 30c. Yesterday SWK ann PEM had signed a contract for an additional drilling rig. SWK now only do UG drilling for either development or production on brownfield sites. These rigs are far from cheap. Hence, PEM clearly intend to increase production in very near future. My punt is that management are confident the grades/orebody is there, that it's profitable stuff and PEM have the cash to afford the ramp up. SP has fallen a long way and qrtly will tell the story. My guess it will appear after trade today or most likely on Tuesday given Monday is a holiday.
PEM Price at posting:
30.0¢ Sentiment: Hold Disclosure: Held
