Tide turning for PSA Production, page-7

Hi Peter,

Educated and well informed response to my somewhat vague questions. I also subscribe to the belief of "don't try and catch a falling knife" and at this stage of PSA's foray into the Middle East, I fear that one maybe trying to do just that, I'd rather wait until the business is sound and in place make less profit, than to be holding an ill-liquid position at X% down on what I subscribed to. There are plenty of equities we can buy into today that will grow over the next 12-24 months. Is PSA one of these, maybe..but for now I think my harder than ever to earn money should be protected and held for opportunities that represent minimal downside.

I am certainly not down ramping the company nor it's BOD. This is a Geo Political view point, with factors that are way beyond the control of the company.