Ann: Half Yearly Report and Accounts, page-108

All good Joel, very much understand about staying focused.
As your charts show your strategy seems to be working. Well done on AMI btw. Very impressive move from the lows.

Makes sense about the low margin producers. Though like you, I prefer a different level of risk, albeit I still view PNR as high risk operationally in the near term. Regarding the explorers, quite a few seem to have raised capital in the last few months and are only now getting the drill bit going (Xmas period sees most things stop or slow, excluding SPR!). PNR is basically doing no exploration at all which is a bit frustrating, but.. hopefully in time it will get the $$ it needs to really fire PNR up.

There are not many small cap explorers that have not moved at least a bit of their lows (or not many I want to hold), but.. that makes sense about the Alpha. Just like in the Lithium boom. When it finally runs..... it will hopefully be epic and lifechanging, though.... I am surprisingly sanguine about the current moves in POG and companies I hold, as I still look across what I hold and cannot find better places to put my capital (though a few tweaks are always necessary).

I guess PNR is going to make us all wait for the quarterly........