You make a fair point. The issue was such incompetence leading up to it not onlly in in unrealistic timeframes but also keeping the market in anticipation of an imminent announcement on the 27th then the 29th (during the supposed closure period) then in the failure of any announcement materialising a non sensitive announcement to indicate a delay. Delays are expected - but it’s how you manage it. Pnn was leading their holders on right up to the point then placed a non sensitive announcement. The sp was on on hyperdrive in anticipation then a prick to pop the balloon. Compare this to nzc - delay was managed appropriately eventually raised capital and noe almost 100 percent increase.
I personally never believed we will have results by end December but I did think 2nd week jan as cr anticipated. However you are correct it doesn’t mean hole 1 Results are poor - just incompetence.
I will just wait for some consolidation before stepping back in - if it means I miss out on the run up to 10 c plus which it no doubt will if pular is positive or results lob in earlier all good.
PNN Price at posting:
6.4¢ Sentiment: Hold Disclosure: Not Held
(20min delay)