Luxor is an off shore hedge fund and knows nothing about putting an iron ore mine into production. Almost three years ago Hamish had a phone call from luxor stating that the were going to buy 10% of the company from the public. And that how it started. Now they have only put in 1 million dollars so far while Palladon has put in 6 million and on paper they still own 50% of the mine site which I cannot understand but mister Foot said to me to not worry about it.  Luxor lent Palladon 12 million to buy the old iron ore mine out of bankruptcy and there making almost 10% interest off of palladon on close to 10 million left still owing. What I cant understand is why Luxor would let the share price fall so much because of there none commitment of investing there share into the mine site considering they own over 3 million shares at around the .70 area.

So Luxor is still a big question mark to all of us investors of Palladon and my Christmas wish is to see Mr. Foot giving them the boot in the arse out of Palladons life as soon as possible.

Anyways I bought more yesterday knowing that they have already spent over 2 million on the substation and that shows me that they are going to turn this project into a producing iron ore mine hopefuly by the year 2009.