be patient... and thou shall be rewarded!, page-9

There is a definite problem with PXUPa, and positivity won't make the pric e go up, nor will negativity make the price go lower. We lost 8% the day before yesterday, 4% yesterday, and 6.2% - so far- today.

Goldman Sachs may be one of our sellers... they still owned, from the ANN of yesterday, 144,110 PXUPA's. That's $3.89m @ $27.00. With any share or hybrid or anything on the ASX, a determined seller is the death of a share price.

Anyweay, this will play itself out as anything on the ASX does, but it's hard to be positive when someone is just selling down for any price. As I said before, I'm prepared for GFC prices- maybe $15-$20 for PXUPA's, because it looks like we'll get there soon. The only thing to save PXUPA right now would be a determined insto wanting to buy >$4m of them.

As we do have a code on the ASX (PXU), the ASX should be sending PXU a ticket asking why there has been such a dramatic drop.