all over red rover, page-16

To all PNA holders........be extremely careful re jnr miners with debt in this environment. I was holding CopperCo shares when they went into administration owing $45mil to Mac Bank a couple of weeks ago. PNA posts look very familiar. We had posters endlessly crunching numbers & saying the coy would be fine, they could do a cap raising, sell assets etc. All previous announcements from management were positive then came the trading halt & suspension. The debt wasn't even due till end of Dec & the mine was still producing copper. Just like that, no more correspondence from the coy & almost impossible to contact by phone or email. The only info we could get was from the media. For what it's worth DON'T TRUST MANAGEMENT, they have their agendas & will look after themselves & their mates & ultimately have total disregard for their shareholders & be skeptical of their announcements......oh yeah & DON'T TRUST BANKS...... TC-DRC is right, don't assume the banks will come to the party regarding refinancing cos they will always look after their own interests, especially now..... good luck to all holders