Barclays Bk PLC iPath Dow JonesUBS Platinum Subindex Total Return ETN Exp 24th Jun 2038 V.PGM

RE:RE:RE:RE:RE:Kirky

[thelostarc]

I agree with others on the board, the key right now, and the only key right now, is to push on the mining production front. That has been the issue all along, and past management was slow to share that issue with shareholders by masking misleading language such as "ounces poured" over production. The only way to trust the company is to see the production numbers. If they aren't hitting their own estimates, that is a big problem.

Continue to believe that Maryse is getting the job done right. And now they have $25MM more to play with. But in a ramp up, money burns fast. So there is a clock ticking. The fact that the stock is holding near 60 cents tells me that the market is going to show one last vote of patience and confidence in the company to turn things around. If they can't, then we are going the way of Harte. 

Anglo might be a shareholder, but in the corporate packing order, there is a debt holder ranking above them. If that debt is defaulted, it won't matter who the shareholders are, the debt holder can take the company. We've seen it time and time again. That is why it is so important that they get ramp up "part 3" right. There is no room for error.

The stoping inventory should be known three months out. Drilled for assay, grade modelled so that the actual stope grades can be reconciled. None of this stick my thumb in the air and see which way the vein is running. As much as I value experience, experience is what got us into this hot mess in the first place. This is a data driven process. Let the data drive the mine forward.

Good luck to all longs! We sure will need it.