Ann: Gobbos - commencement of fieldwork, page-7

There are companies exploring the Fraser range and really don't have anything else going for them, have very little cash and so on... and they have market caps of $30mil+... PLP holds ground in Fraser range but also some other areas that are even more promising in near term. I was worried about their cash position, now I can see they actually raised some money... I have some confidence restored and believe this will deliver more than what half of these explorers on the ASX that have market caps of $30M odd but a true intrinsic value of $0 and are more a vessel for directors to transfer money from shareholder's pockets to their own in the form of "wages".

I thought you would be holding much higher than 15c considering the momentum we have now seen pick up FP?? Or are you looking to recover losses and put it behind you?