Ann: Change of Director's Interest Notice, page-6

Jumpy
Bought some shares on market today. Call me stupid but in the low 3's the market cap is less than 4.5M.

As a shell it's worth at least 2M so as long as they can come up with 2.5M cash at the end of Las Lagunas I am square. At this time their is no certainty that they can even achieve this small amount after paying all their debts but it's a punt i am prepared to take.

If they can actually get a project up in China or the Iberian coast then I will make a minimum 10 bags on my latest investment.

For all those that have completely lost faith their is a interesting fact on the website. They now have a 10 year exclusive license in China. It was previously 5 and would run out in 2019/2020. Now the Chinese have to wait another 5 years. This enhances the chances of them actually getting deal done.

Given the history of PGI their is no certainty that they will ever get a deal done but I am sure they are still trying. Hopefully their persistence will pay off.