Sincere congratulations. I see the SP is up a cent and I'll wager you may even get to 2.4 today before the inevitable attack of the pip-jockies. Its frustrating is it not, because despite all the biffo herein, its a good company with good management.
However PP, I just cant let you go that easily. I've forgotten what its cost PEN to get to this stage, but I know its beaucoup north of $10 million which is what our mill will cost in (when?) oh yes, February. I believe there's a few bob to be spent on it though to be fair, and that'll take a while. My pick is that your mill and our mill should be humming away nicely together in harmony at about the same time, and that will be when the spot price, and consequently the term price return a profit.
Important addendum It does need to be acknowledged that (last time I looked) you guys had an existing off take contract at the old rate. PEN is probably the only show in town who can lay that claim. Good luck to you all.
BLR Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
