Ann: Appendix 4E, page-36

I don't see that, they would it would come out later and the trust relationship with management at PGC would be gone. Whatever our views of China gone are the days when we could point to bad behaviour. In Fact if you look at some of our compatriots the Chinese could say they were sold a pup. A certain ex politician comes to mind.

I don't believe for one minute we are being "Sc...ed" as you put it. We are suffering from a large holder ( my opinion) taking an investment decision in a space where there are not enough insto's to take up the volume and it is being traded down whist this is being cleared. In fact it is a buying opportunity if you have money and space in the portfolio. 

I think 72.5c is a much better bet now than it was in February 2018. More has been completed and there is a lot of focus building.