Ann: Kathleen Valley Funding Package, page-262

PLS got the goods when they acquired Altura's assets for a song. I pointed out a few days ago that this was looking like an 'Altura', but for the sake of shareholders I hope not. No doubt it is not popular to talk about history repeating, but it sure does do that a lot. I was in PLS when they got Altura.

Anyways, I bailed while Gina was buying. I did that not just because she was buying, but also because I came to the realisation that under ground mining is costly, dangerous and never ever easy. Add in inflation and the uncertainties of digging deep down in the dark I think it best to step back and wait and see. Are Ford doing same? I don't like the smell of the Ford debt repayment if that is what's happening.

So here we are raising money at $1.80 versus last weeks price of $3. That's got to be one of the all time biggest 'shite sando's' ever.