ya global, page-10

True Skipperx, the gold comparison is really just a variation on the pounds in the ground mantra. It has little to do with profitability.

However, if you heard Gus say that, then you should have also heard him say that it's just a negotiating chip. PEN will attempt to secure debt based finance at less cost than the YA Global deal implies, and even if some or all of the YA Global financing is used, you can bet Gus won't deliberately use it in such a way as to destroy the value of his own large holding of shares.

dt