Ann: Change of Director's Interest Notice, page-17

That's ridiculous. The GameStop situation is highly unlikely to repeat itself and if it does a mining services company trading on the ASX would have to be the last place it does. Please add something more substantive to the discussion. Hanabi hit the nail on the head, Perenti hasn't demonstrated much recent ability to turn work-in-hand and won contracts into profit. They've exited a few loss-making contracts in the last year alone which is one of the main reasons we're so far off the 52-week high.

They still have plenty of assets however, a strong pipeline and dealing with the lingering effects of COVID. I also like that a good number of directors have stakes in the company (even though they're not that large) so they're always incentivized to get the SP moving in the right direction. I appreciate the company letting the market know in advance that earnings will be softer in 2021. Buying at these levels means it would only take a pretty average earnings result in August to turn the SP around and get it back around $1. An above average (not even necessarily strong) result would get the SP back to $1.30 at least. I think it is a good time to accumulate and I am doing so.

Bit confused why PRN is being shorted though. The market has hammered the SP (rightfully so) and I'm not sure how much further shorters expect this to fall? There's companies with way flimsier balance sheets, poorer management, trading on much higher multiples than PRN, on the ASX alone. Anyone have some thoughts?