5 reasons to buy plv, page-30

Humble you wrote:

"The point you are missing re the sea wall Buddy is that they are on target, it will be finished by Feb 14 and they have announced this."

Now mate, the last thing that I want to do, is to enter into a bum fight with you. Not worth it. Especially when you, like me, are looking down the barrel of a 12 gauge shotgun fully loaded with number four's.
But, can you please lead me to the part where they have stated that ""they are on target"" and where they have said that ""it will be finished by Feb 2014"". Especially when, according to what the report states, it has only just begun on the 1st of June current.


Below is what appears in the report:

"A major component of the development of mining operations at Cockatoo Island is the construction of the Stage 4 Seawall. Construction of the Stage 4 Seawall commenced on 1 June 2013 with the appointment of Coffey Engineering Consultants to provide formal “for construction” designs and drawings, allowing construction to commence. Placement of Geofabric on the seafloor and the building of the first layer of select fill foundation of the seawall has progressed well. Post period end construction has progressed with 100% of the foundation level to the +4mRL completed with completion to the +6mRL expected during the current quarter. Capital costs for the construction of the Stage 4 Seawall are expected to be ~A$15m which will be sourced from the renegotiated funds from GNR. Cockatoo Island remains the focus of our operations at this time and will be the key driver of growth for Pluton shareholders in the short term."


To all of the above you will have to add the part which appears in page eight (8) of that same report, which states:

" Priorities for next twelve months"

We can now go down to the part where they have mentioned the seawall and it reads:

"Complete construction of stage 4 Seawall "EXPECTED" February 2014.

There is a hell of a lot of difference IMHO, between "IT WILL BE FINISHED" and "EXPECTED TO BE COMPLETED". Especially when we are talking here about mining times, and projections.

After all how many times in the past have we kept to the targeted times.???

I now ask you once again if I may. Did you receive that information directly from the company, and based your comments accordingly.???

If that is the case, well mate I will have to believe in what you are saying, but then the company would have to make a full disclosure to the market as well.

Cheers mate.