Ann: Becoming a substantial holder, page-8

Hi MeToo I have met Sufian when I went to PF1 AGM and to me he came across as very down to earth type of guy. I usually invest in short-medium term on stocks and probably won't wait till a company becoming a producer to get out as probably 1 in100 ASX small cap companies will achieve that. After taking to Shannon and Sufian at the AGM I was convinced they are trying to take PF1 down the right path so I decided to invest in medium term with a small short term trading parcel. I will give PF1 about 9-12 months to prove they mean business or I will walk away with whatever profit or loss I make, but wouldnt be coming back to whinge if I make a loss. People forget Sufian also lost a lot of money from WFE as he was a major holder there before and he is probably the one hurting the most with 200:1 consolidation than any other ex WFE holders. I know the focus is on Argentina at the moment but I wouldn't think they will spend all the money if the first few holes dont deliver. Also don't forget their 70% ownership of Pilbara Iron Ore asset, that asset itself is worth more than PF1 current MC imo. Anyways let's wait and see...