Terrible production report. I was right that production had stagnated or went down. The LL ore is difficult to process. It's official now.
Looks like pgi didn't pay its September repayment to mac bank of 5m. As pgi has refinanced the loan again looks like the hedge book would have gone like last time.
2 cents is now I real possibility in the short term. Strong selling pressure next week. Glad I sold this share. I'm scared to re enter now
Ann: Update on Financing and Production, page-33
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