Understand it's B___ frustrating, but again market reaction...

Understand it's B___ frustrating, but again market reaction overdone, yes more time to achieve, but too many also get confused and carried away with the idea of 100% (ie. the number itself)of production/name plate.

Well, as previously stated 100% of production/nameplate was always 70.1% gold and 62.3% of silver, going back to the revised investor presentation issued on ASX 13/2/2012 and before to produce the expected profit.

As before the CIL, in fact the entire treatment can be adjusted and of course if the offending high carbonous shale factor drops off, likely not needed. To their credit they engaged in a thorough professional examination of the entire plants and it's processes to reinsure target was achievable before announcement and instead of blundering forward issuing the same old without improvement.

At current production they are likely making money but not quite enough to cover all costs, load repayments and contingencies, so wisely they cover their butt with further finances to ensure survival and achievement of target, and have standby finances in place having experienced significant delays, to ensure it happens.

So, it all happens later than expected, but it will no doubt happen. Meantime unfortunately, it's a wonderful opportunity for the current market sentiment, investors, brokers, bots and shorters, to get stuck into it again and make money'.

But when they get it right and the price of gold rises PGI will have their day.

And yes, it's like reading in todays Adelaide Advertiser Page 37, that ASCI's taskforce has found that "Public concerns over High Frequency Trading (HFT) are overstated" and "Did not find systematic manipulation or abuse of markets by high frequency traders".

1. Clearly establishes it does occur.
2. Gives no indication of what a reasonable or acceptable level is

AND

3. As a small individual investor watching retirement slip away due to loosing money to the big boys with their HFT

I SAY ANY LEVEL OF HIGH FREQUENCY TRADING SHOULD BE ILLEGAL !

and if it's not

Make them give us direct access to HFC, or sell us the program that does it, so we can compete on the same basis ?




forget