PENnant, page-41

Not half as amazing as the consistent spruiking of the holders trying to justify their positions and promote a company that has yielded negative 22.5% annual return over the last five years (for longer term investors).

"non holder know-it-alls............" - the evidence seems to suggest they have been right for a very long time (yours truly excluded).

Dress it up or explain it away as much as you like, a 5-year investment in PEN has been an unmitigated disaster - the risk has not outweighed the reward, a common story for a speculative mining stock. Just to realise a bank-comparable CAGR of 3% over six years will require the SP to appreciate to circa $2.80 in the next 12 months. That's just to stay on par with a bank account.

Anyway, that's how I look at it. If that makes me a "non-holder know-it-all" that is obliged to suffer endless abuse from the proton brigade then I'll live with that.

Cheers.