PEM perilya limited
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best thing that could happen for PEM.It's hard to believe that...

  1. Quiktrade_1
    603 Posts.
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    27/01/09
    14:36
    Post #: 4730789
    best thing that could happen for PEM.

    It's hard to believe that $65 million has been burnt in the last three months!!!!

    At that burn rate PEM would have to shut it's doors before March...

    I'm sure the Chinese will make the hard decisions that current management seem incapable of doing....

    Hard to believe we're still producing at $0.83 per pound and only getting paid $0.50 for it on the spot market.

    It would be better to pay people to stay at home until metal prices improve... Crazy stuff!

    Cheers
    Quik.

    PEM Price at posting: 15.3¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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