UPDATE
Pending hole is in lab but due any time soon.
Del is working on "solid solutions" to advance PEMs exploration.
The 1000- ft hole will be used in updating the resource.
once hole is reported drilling will start again.
So my speculation is
A larger company is looking at PEMs asset base.( I suspect its Osisko).
I also conclude the talks with the major are well advanced.
PEM will do its 8,000m program ASAP.
And no this company is not going broke as its assets are very attractive and will be JVd or an out right sale of PEM is in the works.
I also conclude the shares will be much higher VERY SOON.Investors will wake up one day and see a much better future for PEM and it will come with out warning.
I have some free money right now so I will probably buy more shares, sp is so cheap right now and that means time to buy before PEM train leaves the Station.
GLTA