Hi Herro. I did note this section of the report:"Record Holders...

Hi Herro. I did note this section of the report:

"Record Holders

As of June 30, 2011, 1.1% of our ordinary shares were held in the United States by thirteen holders of record, and 97.3% of our ordinary shares were held in Australia by 14,246 holders of record."

Based on the report figure quoted, in June 30 2011, of 981,015,629, I believe this 1.1% equates to approx 10,791,171 shares are based in the US. It's a bit hard to determine who these are, be it US citizens or Aussies living in US, or insto investors.

Now, I don't know the mechanics of how these holders convert their holdings into ADR's if they so desire, but would assume they would still need to be sold via the ASX to the market makers.(or can they walk into BNYM and do a deal) IF US citizens then there is a fair chance they will want them converted. If insto's then there is already a demand.

Either way, this equates to 359,705 possible converted ADR's.

I would say, IMHO, that there are already US holders who will strike when NASDAQ listing occurs, which can only help in raising interest in PRR on the listing date.

Looking good.