interesting week ahead..., page-46

"One can then assume a "transaction" is already earmarked to obtain funds to acquire these rigs so quickly if CP nominated directors were successful? What are the details of such transaction? I assume they aint going to dig the money up and its going to fall from the sky?"

Vagabondo,

With all due respect, therein is the difference between a number cruncher man and one that is not.

CP is mainly involved with his own private companies where he can put up his assets as collateral to raise all the money he wants through the banks. IF and when he needs to do it that is, because he could have many hundreds of million of dollars in some bank accounts that does not have to be disclosed to anyone. As they are is his own private companies, he is not obliged to tell anyone about anything. Only to the Tax man for their cut, and to ASIC to keep an eye on thing that they are run above water, via it's financials.

And then, for what we know, he may even have some close friend in China that are willing to supply him with what he wants. After all, he had many dealings in the past with the Chinese.

That advantage, unfortunately is not available to a publicly listed company where more disclosure and clarity has to be made available to the investors for their protection, and whereby the Company Directors can be held liable if they don't follow those rules.

As I have written before, I have tried to get in contact with either CP or his son to get some confirmations, and if they will return my call, I will notify the Forum.

Interesting though, someone is buying big now and pushing the sp up to previous highs.

Now who could that be??

Could it be Palmer to gain more % (percentage) or could it be some friendlies of the Board buying in order to give them the support they need to keep them in place??

Cheers