"Despite the fall in metal prices, no material change is expected to the cash balance position for the June quarter with the June cash on hand forecast at approximately $75M (subject to the timing of concentrate shipments)."
Sounds like a good report, but Helloo...... Last quarter cash was $85.5 !!!!, Its down another $10 million. If we look at the above quote, that subject to the timing of concentrate shipments, so what we would think that cash on hand will probaby less than $75M despite the manaagement is boasting about its strong production and $80 million on the money.
PEM Price at posting:
0.0¢ Sentiment: Hold Disclosure: Not Held
