rio tinto on the prowl, page-13

The issue at the moment is prices of shares/commodities have been sold down on FEAR, subprime.

China have a development plan on the cities it is building and intending to deveope and will be half way complete by 2010.

This plan the chinese government have put together are estimated to complete building these cities by 2020.

This means that there is alot more material needed to complete there project, also commodities prices should mature and reach saturation point by the same period. information on the above was supplied to me by a fund manager, who also holds 0.012% of PNA. This fund manager only invests in low cost producing resource companies, hence why pna is apart of the portfolio and may increase there holding as quarterly is released.

Where did this fund manager get there information from "RIO Tinto".

The article posted was not for the purpose of Rio buying PNA, it was there outlook for copper and possible consolidation of companies with distress assets.

PNA hitting 40 cents sounds like a ridiculous statement however we said that it would not hit sub $1 again and because of fear here we are.