back in, page-19

I think the sell off today had a lot to do with CUO entering into voluntary administration. Things seemed fine there and all of a sudden they were unable to raise capital or debt.

Makes for plenty of angry shareholders and a lot of nervous investors holding similar sized stocks petrified that the fate of their company might be similar.

PNA will be capped until they refinance their US$80 subordinate debt facility. I understand that discussions are underway with a likely announcement early next year.