share price being played with, page-28

societe generale also behind pdn The following is an extract from PDN's quarterly report released today.

First Drawdown Under Bank Project Finance Facilities

The first drawdown under the US$71M bank project finance facilities was made on 30 June 2006.
The facilities are provided by Société Générale Australia Branch (lead arranger), Nedbank Capital, and Standard Bank plc and comprise a 7 year project Finance Facility of US$65M and a standby cost overrun facility of US$6M.


Hmmmm I wonder who else the Societe Generale Australia Branch are also intending to provide to arrange finance for.....

I had no idea until today that PDN had rendered the services of SC to assist in the funding of Langer Heinrich.

Have also a read of the announcement made by PDN on 6/7/06.

I it just a mere coincidence that Societe Generale is also behind UCL. It should also be noted that SC is also a top 5 shareholder of UCL for those who are new. (Pls refer to 12/5/06 ann and refer to top 20 list on UCL website.)

In the past, we have all made various comparisons between UCL and PDN but this I believe is one of the more powerful similarities.

Im trying to keep a lid on it guys but it really is hard to not get excited about the future of UCL :)

Cheers