why angel are on top of christmas trees ..., page-2

Sorry to upset your dream Graham , but despite popular demand Santa uis not real.

What is real is $5 of revenue operating at a loss and debt to boot, the most difficult being the PXUPA . (morally at least )

What is also real is that the board has had a majot overhaul, and was set a 12-18 window to try turn the $5 revenue in to a profitable entitiy , in a paper market that is tough.

The positive is that there was a lot of fat , and staff numbers are comming down , and withinthe $5b of revenue there si profitable divisions

Give the company time to sort through it , there are options , and this board in my opinion has the experience to work through them

We have not seen any additional profit warnings or cries for external management requests from what is a conservaitve board in a minefield compliance economy.

I am certain the directors are wel aware of the responsibilities , and if they felt that all was lost thge market would of been told

I see the current silence since the AGM when they were slightly upbeat a positive

At odds to you I also see the suspension of the pxupa as also being sound capital protection , for ppx and pxupa holders .

Say hello to prancer if you see him, he is my favourite .