Al, thanks for the update. When you meet with Del Wednesday, please try to get an update on their cash situation. Appreciate your efforts.

Clark

I will for sure, Clark.

Big Al

Looks like Pem would be a good addition to the Encompass stable if Del is able to convince them that Pem is sitting on a possible Carlin Trend once the piggy bank gets a little heavier. Hope with the current money situation that Dutch is on the menu…..just kidding. Enjoy your meal and here is to hoping that Del can show the bulldog charm….

much of the grades they have shown have been bubkiss, but they also have some excellent grab samples of up to 41gpt…I’m going to buy some this fall and hope that they really hit it…maybe they can bring their share price to .50-1.00 this fall with some gold appreciation, additional cash and good drilling.

Big Al,
Thanks for the update on PEM.
Appreciated!

Big Al, something interesting to some of my retail friends….
“A lot more to come re: PEM.”
“Will be an interesting time for them Proud Canuck!”
A planned dinner meal with Del and a close friend of yours from Encompass has put a great deal of questions in my in-box for opinions, seems the piggy bank in need of funds for drilling and property obligations may be temporary and things could be moving forward…..your opinion? The time line between actual news and interviews has put retail investors in a situation of “Your guess is as good as mine” that leads to greater speculation over time. Some of my friends have invested heavily in Premium and the lack of news or delays have left them high and dry with only the chance of a break even with a 5-10 bagger from here. Many have stood behind Premium but the manipulation of the stock on a daily basis which was rather interestingly stated by Rick Ackerman make one wonder exactly why some of the decisions are delayed waiting for the markets to turn…..
Just my opinion but also that of many retail investors that post on the BB’s which you a Del have nothing to do with…..
Thanks again for the interviews which seem to bring retail a little more information from which to speculate……

PEM needs to build up it’s checking account to protect against the ravages of a potentially significant delay in a US Fed QE or delays which could last well into 2013 according to Goldman Sachs today. PEM needs to stock pile a lot of cash in case it is needed for many more months ahead in the event of a continued cash famine. This is not an option. The problem is absolutely NOT PEM’s fault. But the need, to be on the safe side, should be addressed in a big way as soon as possible. PEM should have a multi million dollar cushion. They need to make it happen. Then they can infill drill. But first things first. Build up the cash supply. Then drill. Not before.

Tough situation with PEM. I’ve just filled some buy orders at today’s price drop. I may put another one down 10% yet. These are unbelieveable prices to buyin at with upside multiples. Who needs a margin account for leverage when you have prices at these levels, eh… Joey, if you truly believe in PEM, you might want to advise your friends to cost avg at these levels… unless they are snake bitten. It’s always a difficult place to be, when advising family and/or friends on stock picks. I just want my fam to buy a small bit of physical PMs, but still no success yet. Best of luck.

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