asset backing, page-2

Hi elgaes

I'm interested in your asset backing number for PLA.

Are you able to provide a sum-of-parts break down for your figure?

I tend to think that PLA is probably sitting on a bit more value than Darrell Lea!

I still haven't found/seen any reports regarding what value the contractor (JIC Mining) is disputing?

I had been under the impression they (the contractor) owed PLA money for employee entitlements after PLA took on the work force! Perhaps the contractor refused to pay out the work force redundancies, thereby putting the potential liability back on to PLA? Hence the necessity for the directors to put the company into Voluntary Administration?

Hope we don't have to wait too much longer for the Administrators report!

Gus