Gday Hangseng, Glasier introduced ablation to blr. i do not know...

Gday Hangseng,

Glasier introduced ablation to blr. i do not know if that is a positive or negative seeing blr poured $6 million into it and basically received zero, other than scrap machinery and a 2 year delay.

Glasier's 25 million blr shares hardly put him into any seat, let alone the 'drivers seat'. but it did allow him to see what was going wrong.

i personally believe the buy out was not orchastrated by glasier but by the shareholders. Glasier does not have the type of m&a clout.

finally, the permeability of the Lance deposit in PEN is an issue . ask anyone on the ground about it. PEN is going to have problems with recoveries. watch. Oh, and the south africa assets will forever taint PEN until PEN disposes of it.

Cait