Well done Wassa!Awesome returns over such a short period of...

Well done Wassa!
Awesome returns over such a short period of time. Plus, having the determination to go against the crowd (and... at least for me, my own bias when has been strongly tarnished with my earlier investments like with MOY, Wiluna, DCN, GCY....). Unlike all of those mentioned companies, Norseman stands far above them in terms of a quality gold camp.

I have been surprised at how easily the $0.06 barrier was sliced through, as I really thought there would be more overhang, but... I guess all the stale sellers, sold below $0.06 when things were grim. Though I suppose the real barrier might be closer to $0.14 and $0.18 (going from my incredibly poor T/A).

I can only concur with your thoughts on priorities for the company in the near term.
Interestingly, from memory quite a bit of PNRs debt is convertible, which I believe would not be viable to the lender.... due to the share price move.
This for me would be a big endorsement if it occurred, plus quickly strengthen the balance sheet.

As you say, perhaps Paul will start to feel more comfortable speaking to the market (I hope so, because then PNR really will be in a better space).

I should say, thanks to you reminding me about RUC, that PNR did provide a very... vague production update almost a month ago (13th March). Hopefully the last 18 days of March matched expectations. It also implies that at the least, they have produced more than in the Dec Q, which was 18,185 ounces.



Finally, regarding my post, cheers and I (probably like the whole team at PNR) cannot wait for them to get stuck into Butterfly and Crown.... so much upside for the company and could be brought into a future mine plan quite quickly.