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No peetey never lost 50% of cockatoo. Just status quo. We actually tried to illegally take cockatoo it seems. But agreed considering the initial expectation of WEG being replaced, it is disappointing as PLV seems to be trending towards Chinese ownership at low prices. The "fundamentals" have always looked great. However, the management of the company seems to have drifted. Mmartin, while it looks positive, this has been the trend for the last year. Every announcement has looked positive except for this company to hit a snag. The debt funding, whilst positive is also negative as collateral in the form of assets (not mentioned) and the lack of detail does not bode well. Can you imagine what would happen to PLV if we fail our obligations and covenants? PLV will need everything to fall in place wheras its partners and funders have positioned themselves into a position of great strength. If things go to plan, PLV will have a great future. If not, we will end up in the hands of the chines for not much. The risks for the latter have risen dramatically IMO. Does this mean i will sell? No as I have a small amount in which i could write off. However, will i be buying in if the SP crashes - can't afford to keep gambling.