unshackled

Hi Guys,

Crierion in The Australian has a fairly mixed writeup on PNA and the GRAM deal.

http://www.theaustralian.news.com.au/business/story/0,28124,25542763-23634,00.html

To avoid copyright worries I have only pasted one interesting snippet below:

"...Stafford says the raising is sure nicer than answering to a syndicate of banks, some of which don't understand the operations. "We don't really want them having security over our assets when we're adding value to them." ...."

Imho this speaks volumes about management thinking. Unshackled to grow.

EL