Why would they need to have another capital raising ,according to their half yearly report they have $67164000.00 in free cash at the end of June 2013. They have spent Millions pf dollars of shareholders money on developing and exploration, Potosi Silver Peak Mine has now been put on hold until base metal prices improve,and they will, now the majer shareholder Zhongjin Lingnan has decided to make us this very generous offer of 35 cents per share, what a joke,I will certainly be voting against it and hopefully so will other shareholders, My opinion only DYOR
PEM Price at posting:
31.5¢ Sentiment: Hold Disclosure: Held
