Ann: Quarterly Cashflow Report, page-5

PLS raised their $100 million at 12% (not that this is particularly great either).
I'm not a holder of PLS, never have been.

And AJM also has the 5% for Atlas on part of the project, as well.

I find the interest rates obscenely high.

I think the over excitement with first production needs to be tempered by these sobering figures, and people should not get their expectations too high.

Maybe a share price rise to 47-50 cents, but I don't see much more until after stage 2 and debt repayments are substantially made.

And I don't see any takeover (thank goodness).

And at some stage they will do a share consolidation.

There is a lot to happen in the next year here, expectations should be softened.

Gw