PEM 0.00% 35.0¢ perilya limited

mr market insane pe 3.8, page-2

  1. 10,448 Posts.
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    Just no buyers in the last two weeks with the sp drifting down 6c or 16% - I am mystified but I still think we'll get good figures this week for Q4 and hopefully good progress news on the Potassi/Silver Peak development that is due to start commissioning shortly.
    The quarterly should give confidence to start buying again - it's hard sitting on the sidelines here but that's the cautious approach.
    We should also get updated production guidance for 2013.
    Although a dividend soon would be great,I really don't see it as they still have a ton of tax losses to absorp from prior years at Broken Hill so little prospect of any tax being paid on Australian operations for a couple of years - so no franked dividends possible and I hate unfranked dividends.
 
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