Found this on PGLA yahoo board: Halted again... This time pending an announcement about a private placement of shares. I'm guessing these are done close to prevailing market prices. Could this be a strategic venture of which the placement is a component? That would be the best case scenario. The letter to ASX gives no details other than a capital raise. <A HREF="http://www.asx.com.au/asx/statistics/ann.." target="_blank">http://www.asx.com.au/asx/statistics/ann..</A>. My gut is telling me this is BIG news!