asic, page-24

Vintage, I've got no intentions of putting you on ignore as I acknowledge what you are saying. What I'm trying to say is that you seem to be repeating yourself and asking the same questions of the same posters seemingly without making much progress.
I agree with you, the co will tell you what they want you to hear most likely without answering what you have asked but what is the next step, how does one find out the truth?
I can relate my interpretations of where the company is at by comparing it to the industry I'm in as it has similarities in dealing with governing authorities.
I work for an engineering firm on property development projects. Every project starts out with great enthusiasm, the time-lines look great and all is good. Then councils and authorities get involved. One project has been 5 years in council getting approval due to their indecisiveness with respect to land zoning. Regardless of this HUGE delay, the project will still make a good profit for the investors.
No one can predict how long the authorities will take to review and respond and I think this is the problem with PEN. They went in with high expectations and it looks like they based their time-frames on the minimum applicable primarily I expect due to their inexperience. They most likely overlooked the need for re-design, re lodgement (I think that a third information request for the PTM shouldn't have happened as any competent co should have sorted it out with the 2nd RAI), objectors, the unknown etc in their initial forecast estimate for mining, and I agree for this they should be held accountable for. Their employers (us) had this chance at the AGM with the performance perks but this did not happen.
So where are we now? I just sit and hope that we are being told the truth and that the DFS will be complete in approx 4 months, hopefully in an improved economic environment.
I also agree that the co should post a true and updated event program so as to bring everyone up to date. Perhaps it's time that someone on here, possibly you, drafted an email to the co suggesting such and post it on here. If enough disgruntled shareholders bombard the co with the same letter requesting an honest update, surely you'd think they've got to respond?