macqurie recommendation, page-5

i'm no conspiracist but my guess is that friday's late sell-off had something to do with the macquarie downgrade which hadn't been released at that time

the HY report didn't give anything to go by to determine whether production target would be met - macquarie are not the only outfit expressing this concern but they're all just guessing the same as we are

as a true believer i expect PNA to deliver and probably put out something very soon to scotch this production concern - let's just wait and see

in the meantime expect the SP to sag