ouch - placement dilutes share price, page-12

thats all well and good SCD, but the only things that have changed with PNA in the last month have been positive.

gold grades have been factored up.
copper grades have been factored up.
gold price up
copper price up

your valuation of PNA should have gone up not down

the reality is that your call of a $1 price was at the time a show of "irrational exuberance" and in the hotcopper vernacular "a ramp".

just because you now think otherwise doesnt make the original call acceptable. It is not you or your credibility I get concerned about, it is the other hotcopperites that arent as switched on to the realities of resource stocks and will believe you that I get concerned about.

admittedly there is a lot of irrational exuberance around at the moment, it is easy to get caught up in it.

acturtle