Tell me one other lithium stock that is not down huge in the last 2 years, RHK holds around 12 -13% of PNN
(176m shares out of 1.43bn even at todays prices that is $352,000, but RHK has been buying at much higher prices on the way down - she would have to be down by at least 7 figures, most likely multiples of that).
How many shares do you hold ??, are you out 4 figures, 5 figures, IMO you would have to be pretty crazy to out 6 figures even - RHK is bleeding on this deal that is a fact, much more so than you, and she still just put in around another $60k
I am not a fan of RHK in particular, but PNN just didn't really find brines that were very high grade; this was always a highly speculative punt, that's the way it goes. PNN was/will not be the only small cap miner to drill dusters. I have, and continue to hold other lithium juniors and they have all been smashed since early 2018, some of these have had better or less good mngmt, but even the ones that have high quality mngmt have still been smashed - it has been sector wide, do you even know what has taken place - take a look at GXY & ORE and they are not juniors - still smashed.
That is the story the lithium sector has been belted, that is not RHKs fault.
And quite simply, it is not RHK's fault that PNN didn't find high grade brines, but she hasn't given up and has continued to put more of her skin in the game, not many in mngmt have as much skin in the game as RHK, and that is one of the reasons I have continued to hold my banged up position in PNN
I would not have any great degree of confidence in where PNN are headed, quite the opposite really, but I am not going to cry over it the way you continue to do here nearly every day, you were the one who pushed the buy button. Get over it xsoi, is this the only stock you have ever owned ???, this end of the market is highly speculative, it is by its' nature tough here, so if........................................
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