Ann: Poplar Grove Operations Update, page-10

The issue in my view is not these last minute completion delays as they are fairly normal when trying to crank up a mine. What is the issue is this is layered over the last 12 months of carefully worded announcements and lack of communication and delays without fair and reasonable respect for shareholders money or intelligence.

This years announcements have without a doubt in my mine been written or influenced by someone who should not be involved in the process full stop. Those of you who read announcements all day everyday will know what I am talking about. They are worded in a way that is designed to comply with listing rules but are riddled with mistakes that upon the next announcement contradicts the previous.

The Jan Q report was imho one of the worst Q reports I have ever read ever. it created more questions then it was able to answer.

End result is the company in my view needs a complete top to bottom review. one suggestion I have mentioned before is PNL should be targeting Asia as a region to get new institutional and high net worth support in singers and honkers. The whole US listing ADR was a complete waste of time. They really need to let Egan run things in the US and get gun VP or exec dir who knows how to run road shows, write announcements that are open and transparent and communicate with existing and perspective shareholders that adds value to the the company. surely PNL put a presentation together to sell the PNL story to Tribeca before they verbalised they would commit US$56m in debt? if so can the rest of us mugs please see how the board and senior management plan to add value moving forward???