This is my first post on this forum. I have been following this board for quite some time and count on the cooler heads here to remind me at times of why I invested in this stock in the first place.

Obviously, this is not unfolding as any of us have hoped, but what has changed? Why is anyone surprised at what we all know must happen? PEM needs money to drill. There will be dilution. It is unfortunate that it is at these levels but hindsight is exactly that. There are forces at work here that were not anticipated by anyone.

We have more than doubled the footprint at Friday which should push us somewhere north of 2M oz., and that alone, even with the dilution, makes this a good bet.

I certainly did not want to be at these levels but we are still here come January I will be topping up my TFSA and buying more.

Kato