I don't think that's the case at all regarding holding back an announcement so as not to look bad. PRE have basically said in their reply that they have an ongoing drilling programme and are expecting to release results to market as they come to hand. I don't think a stupid speeding ticket (and it was as silly as they come) is going to dictate how management run the show. They'll announce when there's something to announce and I believe they have way to much integrity to get caught up trying to "look good" and hold things back.
PRE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held