Ann: Response to ASX Price Query, page-25

Great, assessment in my view. I am not tempted to buy more POH now, I am sitting on the sidelines.  Its still a crap shoot at this stage. If there is no award, then POH will be passing around the hat for yet another Cap raise and further down the path to stock market perdition taking all the shareholders with it! If there is a payout then the amount really matters. If its 10 mil, well it buys POH another year or so to get a worthwhile income stream from one of its many possible TPM projects, (Highly unlikely given its history) If Its 100 mil then its game on with a pay out to shareholders and plenty in the kitty to take existing developments to the market.

Maybe the smart money is buying now to sell on the opening after a positive arbitration award. If it is a substantial positive award then there is still an opportunity to buy on the morning of the opening after the trading halt for a day trade or longer term holding depending on your investment style.