another up day, page-76

Stefanis,

You seem to be keeping up well with the broader market sentiment, must say I've largely switched off. Just keeping myself financially flexible to whichever way the broader winds blow, and focussing on companies that I see as prospering reasonably if the wind turns ill, and thriving if the good winds blow.

My feeling with PNA is that Stafford & co unshackled will if the ill wind blows, use it to position us better to thrive long term.

As you have well said, management have done well for us so far. I am certainly very happy to know that with the Top Up shares I am still far from diluted down by GRAM - really good to have the new GRAM equity vs being shackled to those *ankers.

EL