Maxy2181An extract from the 2009 Annual Report on Smokey...

Maxy2181

An extract from the 2009 Annual Report on Smokey Hills... 'The Project is covered by a Mining Right in the name of PhokaThaba Platinum Pty Ltd (?PTP?), a joint venture company in which PLA is increasing to a 69.75% direct interest and a beneficial interest of approximately 85%. The balance is held by a consortium of Black Economic Empowerment (?BEE?) Groups, including the Local Community with just over 9%'.

My approx 35% (~35%), should therefore read ~30%. I was simply combining the BEE and Local Community Interests together. I wont suggest I know the difference/bearings/dealings or power these groups might have. Can anyone provide any further guidance?

Looks like another poor day of trading ahead. It will be interesting to see if PLA can/will hold at these levels. Just wish I had more cash in the sidelines...

mmmmgus