On the 19th of Feb this tuesday Perilya will most likely give it's half year report.I hope it will be much better than expected as Perilya needs a lot of good news at the moment.Hopefully they will get everything running on schedule again.I expect some good updates on reserves for Potosi, Mount Oxide,and Reliance and hopefully alot more information about whats going on at Perilya's mines.They need to get there cash costs back down.As they are ramping up Potosi and the mine is now online.And Flinders stockpile of Zinc is being sold.I think Perilya will produce and sell a lot of Zinc and Lead this year no problem.Perilya also has a lot of cash 136.4million31/12/07. I think they may be looking at acquistions at the present time, an execellent time to buy lots of cheap miner's out there.Maybe even a buy back or merger with CBH resources can not be ruled out.And at this price Perilya may be more likely to receive a take over bid than anything else!.We can only hope
PEM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
