permit to mine, page-28

Interesting Post.

My take out was on this paragraph as I posted something similar some time ago.

"..... I also notice that the major shareholder Pala has handed their shares over to a thrid party. This is looking very much like a hedged stock lending agreement. If it is then it would have been shorted by the borrowing party. This being the case a major re-rating would occur once the shares are bought back to handed back to Pala. "

I said that PEN was not being 'shorted' on the ASX, as volumes reported were very low. However this type of agreement allows PALA to reap a revenue stream whilst 'renting' out their shares for a period.

This wold not appear as shorting onthe ASX reporting as PALA (the owner) is not shorting.

Your post reads like you have a little more substance than mine.

Can't wait for the reversal as they cover..

Linewiping..AH sweet distance memories ;)

Agree it's a buy, even more so.

M