Ann: Terms of Group Refinancing Successfully Negotiated-PGI.AX, page-8

With our valuations, revenues, market caps, share prices we are all guilty of the same thing: we mix items which are priced in $US with items valued in $A as though the two currencies are on parity.



The refinancing was my greatest fear and I think it was BJs as well. BJ said at the AGM that CAMIF are more difficult to deal with than MacBank and negotiations will probably take us to the end of August before anything will be resolved.

Now I am looking forward to movement from the DR Government on importing ore.

Things seem to be moving very much in the right direction