egm 2, page-3

I think selling is not as heavy as it seems, it's that the buyers are not chasing the stock up ... while the small sellers are willing to keep bringing the price down! Same is happening with PXUPA.

I believe Price would be voted in if he tries again, provided he presents a credible plan for the turnaround at the shareholders' meeting rather than saying something which implies 'trust me'.

The EU resolutions coming out of the meeting today seem like a breakthrough and markets are strongly responding to that. We might see some economic stability in the short term in Europe as a result, which can only be positive for PaperlinX. If this stability prolongs and things begin to improve over the rest of the year, which now seems likely, there is a possibility of takeover scenarios emerging again.

Although a lot needs to be done in ralation to the company's turnaround, I think things are starting to look a little more positive now!