onwards and upwards from here, page-20

Mamancc

In its exploration update of 21 August 2008 the company announced that it will use 29 August 2008 as the cut off date for preparation of an initial (interim) JORC estimate at Tumas (only). They advised that they hoped this figure would be available by the end of September.

This gives rise to the questions:

1. Are we there yet? Has the extra mineralisation they have found been of such quantum to allow them to calculate the 120 mill lb target earlier than estimated?. if not;

2. Why the interim JORC earlier than December and less than the target? This could be 1) to simply shore up the share price which has been to some a bit dissapointing; 2) As a precursor to another rights issue to increase top 20 shareholders stake at a fixed price and make it look attractive to all holders; or 3) a precursor to further corporate action in relation to PDN. They (PDN) would need some JORC to back up a decision to align itself further (substantially - merge, J/V, etc) or make a move on DYL (takeover) as a selling point to its (PDN) shareholders.

cheers