PEN 0.00% 8.7¢ peninsula energy limited

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  1. 10,769 Posts.
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    Not nervous at all, Wole. I just find it offensive that you suggest Hangseng might have sold out when he's always been honest about his position and anyone who has read his posts knows he's got an exit strategy but that exit is still quite a distance away.

    Plus, I take note of what Gus says. And if you recall from his BRR interviews, he said that for ISR the upfront costs and design were more critical compared to other mining methods and they were trying to optimise the design. So it makes sense to me that they might still be finalising that. Anyone who has worked on engineering and design would know that there are so many options and it takes a lot longer to finalise a design than the average person would expect.

    Plus, we have the quarterly out today. So we will get an update then. IMO that is the logical time to re-assess any decisions, not make decisions an hour or six before it's released.

    And finally, let's not forget that we have one strategic partner on board and another committed to being on board. These guys aren't idiots - they're not going to commit millions without having confidence in the company. They're not charities - they make commercial decisions based on a lot more research than most of us would be capable of.

    PS Happy for you to sell and if you do, I wish you well. Just don't try and justify your decision by suggesting others are doing the same.
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