Sell At Your Own Peril, page-44

SN appreciate all your informative comments over the last 6-12 months.

My biggest fear early was an early TO robbing us of a higher value price down the track.
Previously I had in my mind a figure of $1.50 which would to me at the time been an acceptable TO.

However the more I read, the bigger and better PLS prospects appear to be - both in terms of resource size and market conditions- the higher the value in which I will be willing to part with my stake in the company.

Like most of us I bet we all have two little voices chatting into our ears, on one shoulder suggesting that a bird in the hand is worth two in the bush and the other not to sell for anything under $3.00 ( where my target is currently near). For each of us that is where is dilemma lies.

There is one positive to a TO, it takes away the decision of when to sell. Its made for you.

Lets hope that if it does come that it recognises the true value of the vast reserves which lie in the ground at Pilbara and more importantly let us all know the strength and power we hold if we band together and hold for a true value of the company.