@V10 in addition to LKO you can add these to list of long suffering shareholders
BPH and BUY who due to the grubby political interference of ScoMo which has carried over into the current Govt all done to garner votes
CVN who are the the mercy of their partner Santos re FID
So 2 years with WDS will aways be viewed as wasted but we will never really know what might have been if WDS never entered the frame, but that's history and we have moved on. PCL have at least come away with a substantial seismic that may potentially springboard it to greater heights.
Exploration in far flung parts of the world is often viewed with heightened scepticism for the inherent political and security risks posed, but of recent years as evidenced by the situations and challenges the companies mentioned above have found themselves in, the risks of doing business in Australia poses as much an increasing degree of uncertainty as any despot run place on the planet.
Fortunately, Namibia appears to be getting it's house in order (cannot say the same for Australia) and PCL having discovered the Saturn structure looks forward to playing a part in their future prosperity.
Just wish they'd get on with it !!
PCL Price at posting:
1.2¢ Sentiment: None Disclosure: Held
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