Ann: Appointment of Chairman, page-23

Surely its a fair comment though...

How long does one need to be "patient" before it is deemed just plain stupid? Results have continued to be poor QTR after QTR.

ASX Announcement
14 May 2019 Pantoro Acquires a 50% Share in the World-Class Central
Norseman Gold Project

Commenting on the acquisition, Managing Director Paul Cmrlec said:
“The board is delighted to have secured this outstanding opportunity for our shareholders. Following an
extensive review of acquisition opportunities during the past two years, CNGP was a clear standout for Pantoro
with large, high grade Mineral Resources, and extensive infrastructure already in place at company, local shire
and national government infrastructure levels.
The acquisition cost of less than $40 per attributable Mineral Resource ounce is an enviable metric which
provides Pantoro with the opportunity to add significant shareholder value in the immediate term.

Considering since this comment was made the share value has halved id say over promised and under delivered.

Regardless of the difficulty of this project:

If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck.