I'll be honest I don't get this. The main geologist has left and they want to remove the person with one of most detailed knowledge of the area? Weird.
There might be other things that could be happening but a few things I can think of that might be happening are:
- Penstock is getting pressure from their investors.
- They aren't happy with the management somehow. (Maybe they want the drilling to progress quicker?)
- They are just unhappy the share price has tanked and aren't really seeing it as a long term drilling investment (or think the share price dropping immediately affects that).
- This is somehow connected to the main geologist leaving.
Ann: Notice Received Under Section 249D of the Corporations Act, page-10
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