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Message: Comments on the MD & A

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Re: Comments on the MD & A......Very Interesting Concessions?!?!

posted on Nov 29, 07 12:35AM

Yes Renaissance,

I sure did notice that when I first read it.  Back a few months ago I talked to M. Labbe (CAO) and in the conversation I asked him about the new (high grade producing zinc,gold,silver) property and what was happening with it but he was not sure about it as he was very new at the time to PLE.  Funny thing is he did volunteer info that they just signed an agreement for another property (but it sounded like he wasn't sure he should have said something after when I questioned it as he changed the topic soon after).  Now at that time I thought maybe final red tape paperwork was going through from the initial zinc property acquisition NR but now I am wondering as that was a long time after. 

Well I just found the NR on Sedar dated Aug. 7 2006 (can't seem to copy/paste it) but it says they paid 2M shares and $50k for those 3 concessions.  Now $3.6M is alot more than $50k so given what I know so far I am betting these are another blocks of concessions PLE just picked up mentioned here in the MD & A.  Someone will have to ask Guy about it when he gets back.

I wonder if all the lack of info/news is for a reason because Guy is setting up PLE bigtime for the drilling phase and on.  I also keep thinking about when a couple members here (can't remember who) have mentioned speaking with Guy said that once the Accord is signed there is alot of good news to be put forth but not until after it is signed.

Well that's all interesting speculation I'm wondering what some of you think about it?

Also as with the mill Guy told me in the summer they are looking for someone to partner with to set it up and run as it is a huge mill pushing out 150 tpd much too big for only artisans ore.  I think they need a small miner to partner with them and then PLE can start buying the ore from the artisans.  I had thought of this in the past and also think it's a great idea but I guess PLE will have to figure it out somehow. 

Enough for now I'm off back to bed :-)

GLTA  PLE'ers  Y;-)

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