PEM
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0.00% 35.0¢ perilya limited

you guys have no idea

  1. TwinTurboCelica
    10,101 Posts.
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    11/09/08
    16:32
    Post #: 4255833
    Sorry, but you guys have no idea....

    They effectively only sold 1/4 of this project. They have moved from owning 100% of the project to holding approx 75% of a holding company that has the project plus $10M in cash.

    It means that PEM now have the drilling funded and the having the asset valued seperatly on market...

    All good.... market got this wrong IMHO.
    PEM Price at posting: 18.7¢ Sentiment: LT Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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