Ann: Working Capital Increased as Plant Upgrade nears Completion, page-5

oh dear I have heard it all. Nothing will amaze me like what I have just read now. Ive read 100,000's of reports. But this one from Pgi would have to top it off. The funniest bit for me, is the company is going to get rid of the maquarie bank debt who paul is claiming to be a little above normal commercial rates with a high yielding commercial note, and with no payments for 5 years, and during those five years instead of paying back the debt, its wants to do a share buyback to reinstate share value? You must be kidding. Share bybacks are performed by companies that have spare cash they don't know what to do with. Those companies don't have any growth projects. Share buybacks take yr and yrs for the share price to rise, if at all. I thought Pgi was about growth. Go and explore, build another plant somewhere else or buy ore with the money, that's what will make shareholders better returns. Amazing, paul the directors are letting you down, your share price prediction have no hope in hell now