possible takeover, page-11

PEM are in a good position to weather the storm becuase of there cash , I just hope they can pull there own weight and not eat into the bank balance too much. CBH did sack alot of workers however most of them were contractors and were no longer needed anyway becuase the plant upgrades were complete. I just hope that they can keep there head above water for six months or so and if we then see a turn around in metal prices, Endevour can make good cash with there mining off the higher grade deposits and when rasp comes on line then the sp should rise quite considerably. You just need to have alot of patience with both PEM and CBH.