Ann: Perkoa Project Update - Working Capital Requ, page-2

re: Ann: Perkoa Project Update - Working Capi... This is all from memory (I'll check when I get time and get back later) .

The latest quarterly report I think shows that dilution from the Glencore funding is only down to 29%, the additional 1.5% to get BTR down to 27.5% must represent several million dollars. I though there was plenty more time to run under this arrangement.

As per my first post, I've always been wary where Glencore are participants (they are shrewd, very shrewd).

This could be the bad news from Perkoa that I was worried about.

I’ve changed sentiment from buy to hold on this.

P.S. This is not investment advice, it is my opinion only. Do not rely on any of it. Please do your own research or seek professional advice to suit your specific investment needs before making any investment decision.