Ann: Appointment of Chairman, page-25

The RIU Explorers Conference due to held 18 - 20 February 2020 has a total of 62 mining companies due to give a presentation. Most of these companies are gold stocks. Of all the listed 62 listed enterprises 6 are turning in a profit; one being PNR. Obviously a dive from 9 million profit to just under 900K last financial year for PNR is hard to reconcile. So many people have attended Pantoro's funeral paid their last respects and bailed. Maybe their sentiment will be correct but somehow I think not. Yes the current share price of .10 cents after 5 disappointing quarters is unbelievable low. So to a certain extent the duck analogy given in a previous post has some resonance as past and present investors become despondent.
So this quarter, to be announced April, will have to show a 15,000 oz production with a reasonable AISC if the phoenix is to start rising from the ashes. Norsement is a significant asset and if conducted correctly will be a game changer. If PNR need more finance they have the advantage to divest their PNG mine which from all reports is worth a substantial amount of money. PNR will be able to flog this asset due to the relatively high gold price and moreover Developers and Producers are absolutely desperate for new sites.
The word patience understandably annoys the hell out many people but when one does extensive digging at other Junior and Emerging gold miners their balance sheets present a mine field, as in very high risk. I would urge some people to do some research as some of the losses are eye watering.
So in summation in my humble opinion PNR share price is jaw dropping, but given their current assets this will be a turnaround story where the current price of .10 cents will, later in 2020 be an absolute bargain. The harsh fact is that stocks of any kind do get oversold.
As always DYOR.