http://www.stockhouse.com/Blogs/ViewDetailedPost.aspx?p=105598

Today's sell-off at yesterday's gap was weak and anemic, with volume still under 1M and less than half hour to go. I would probably pick some up here at .45 and then again at .40 if it gets there early next week. All 3 holes were great and it bodes well for the rest of the 2010 drill campaign. With already 600k oz's inferred and now this new material discovery it looks like PEM may have a 3 - 5M oz deposit on hand which would put PEM at well above the current price which would make them a prime takeover target. Underworld got takeout was takeout by Kinross with holes nothing this good although it is early and they drilled over 100 holes in Golden Saddle in the Yukon....

Some toughts:

So we had one of the best news this year, lot of Bashers come trying to buy cheaper but we didn't have a gap up at all, so these are cheap prices right now and this can go only up. I tought that we will visit 70 Cents for short after release but it didn't happen. I don't care but it was maybe opportunity to sell at 70 Cents and buy later under 60 Cents. It didn't happen but we will visit this price in next days before next great news. And then let see 1$, I am sure that we will see 1$ during next month. so let see what we have in next 3 months. We have news every 2-3 weeks with more great results on the way, you can read that in the last news, then we will have probably Bob with some report, lot of other reports maybe with some target price like $2,5, we will have Dundee on buying side next 3 months, Taylor will maybe pick up some more shares, Kinross will maybe pick up some shares, then somewhere in october new resource estimate for probably 2M ounces Gold, I am 100% sure that Gold will be round 1650$ by the end of this year. And PEM will be probably take over target after New report is out, I can't say what will be the first offer but it will be for sure round $2,5 pps. We should see but when Gold touch 1500$ then PEM can go balistic up to unimaginable prices like 3$ to 5$ or even 10$, think about that. Now is the best time to add, buy PEM before next news that should come in very near term, don't listen to basher like Kebacious, somebody who said that price of PEM will be round 40 Cents in 5 years is or liar or doesn't have brain since PEM will not exist any more at that time. I will say 40 Cents available only next week and then steady climb to 70 Cents with gap up on next news to 1$ and then let visit 2$ or even more, PEM is the best story of this summer, where else you want to be? All drill targets look similar so for sure lot of silmilar grades in next few realeases with all only on buying side and few bashers on selling side trying to buy more for cheaper prices and it will be very difficult for them since nobody wants to sell this share until take over is done, everything looks more than great, similar story like EAS or CAN or EVG last summer with many cash and great deposits, all but great and who will sell, I can only sell on gap up to fill the gap but maybe there will be no such kind of opportunity since we didn't have gap up also this time. See you at 1$ and then at 2$ and ... PEM is the best stock for this year, I wrote that on the beginning of this year and now I am even more sure that this is the biggest story of this year. My suggestion is that if you have a cash than load your portfolio with this stock, you want regret!

GLTA!