Ann: Form604 Notice of change of interests of sub, page-5

re: Ann: Form604 Notice of change of interest... I had some expectation that Russia would push up Ni but I don't think that will happen now.

Ni has had a big run and could well pause, especially without a booming China.

Mainstream media are running stories about Ni rise and some people are being drawn in now and there is already talk about deals and reopening operations. This froth can go quickly if it is not fed by ongoing bull type news.

If I were PAN I would have explored my best prospects first. We have seen a good report and there is expectation by some of more great news but the best may have already come and gone.

If PAN doesn't keep getting great news it will drop back some way - it won't hold. I think it would be sensible to take some profit now if it suits your broader situation.