Perilya unloads onerous silver hedge

Matt Chambers | July 17, 2009

Article from: The Australian

BROKEN Hill zinc and lead miner Perilya has removed a millstone around its neck -- a bad silver hedge -- through a $US55 million ($69m) payment to US miner Coeur D'Alene.

http://www.theaustralian.news.com.au/business/story/0,,25792677-5005200,00.html?from=public_rss

Anyone know about this stock?? Very bullish chart....

Yes kags, I just checked the sp on my lst PEM post :roll:

A pity I didn't buy in.

The 2 year chart is incredible if you believe PEM can get back there.

Nice to see my tip came good :cool:

Know little about the stock, however chart action: lots of gaps and oddly not many get filled (lower).

if it makes a new yearly high il jump on....volume is up...

It just made a new yearly high and closed at a new high despite slight pull-back today.

i see PEM was trading over $5 at some stage last year.... any1 know what caused it to drop so low because silver sure didnt crash.

That'd be the lead (and zinc) balloon.