update due, & i've added more, page-13

Yhe main reasoning that I think we are seeing capping high and low and fairly tight trade at 16c Woz is that there will be buyers who know they can pick up this ASOF stock at this level(hence the 16.5 cap) and I doubt very much ASOF has any qualms about staying for the long term given these types of funds aversion to risk atm(hence the 15.5 supporting buys).In day to day trade it appears fairly obvious to me that 16c is being dumped into.

Have to agree that the possibility of more dilution IF their is ramp up delay to full dore' production would be a major emotive market factor in ASOF not wanting to hold for a better return.

But as you say Woz,if PGI start to make annmnts along the lines of attaining that 3 month designed ramp up to 380Kg of dore' then I think we might just see buyers getting a bit more enthused rather than waiting for ASOF to keep dropping at 16c.

Will also be interesting to see what happens if we get such a confirmatory production annmnt as well as a push through $1700/oz POG.

Be great to get a bit more technical explanation as to why they are taking 2-3 months to ramp up, more from a personal investor motivation to learn about ramp up than anything else.Im guessing its about confirming that there are no plant or process stresses that migh result in the plant having to be shut down needlessly which would then obviously take weeks to ramp up again.something they cant afford,LITERALLY!

d.