are there 25 cent warrants set to expire? That would be your answer.
Somebody recently posted at SH that there are 25 cent warrants which will expire very soon. If that is the case, whoever holds those could be liquidating their PP position to purchase the warrants, and as such would generate funds for PEM.
If there are no 25 cent warrants and only 35 cent warrants, then this holder is concerned about the future, or has made substantial profits in the past 2 years selling their PP into the market that they are offering a discount to the market. Either way, what ever it is, should only be a temporary situation. Many SP's are at stupid prices right now, one I'm invested in and is a producer T.SAS has 4 million ounces some proven, huge upside, and is trading at $50 an ounce, makes no sense?
We are Gold bugs and investors for the future, let's not worry about the short term crap and focus on the future potential of our investments. PEM will be a great investment for us, we just have to wait it out, like some other junior explorers we believe have tremendous upside potential.
Skier59