sml early tues morning?, page-28

That was quite a while ago Vintage and you may recall as you hammered away, I was willing to accept you may be right and your forecast timelines weren't too upsetting for me. So I stayed a LT holder, though wish I'd bailed and bought back in a few months back. Never mind. Bought a lot more during the lull.

I didn't speak with management much (we all could have, as well as discussed at AGMs), but I do remember being told our lawyers and Strata thought they could beat the issued timelines. Expect it was in senior management interests to go along with that. Or as other people surmise, Strata and our lawyers are saints and it's Aussie senior management that were naughty etc etc and then PEN went to the sin bin.

Until you speak with Strata, our lawyers, NRC and Gus, I don't think you can draw the firm conclusions that you just love rehashing.

Don't get me wrong, I am a fan of your detail scrutiny - just find it a little overbearing at times, especially when the judgemental side comes out.