Unless they come up with a good project soon this won't be an investment at all as Penikat is a write off. People cannot be happy with management when the SP is hitting record lows and the focus is on initiatives that barely add any value in the short term -yes,sure, BHP bla, bla, how much is the share price saying that is worth? They are lucky they do not need to raise capital, otherwise this would be a total disaster.
Ann: Appeals lodged against Exploration Permit for Penikat, page-38
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