Ann: March 2024 Update, page-25

no disagreement here - as stated results need to start happening. What I don’t see is a sound and cohesive strategy of any form. Light weight partnerships don’t cut it - they have a dedicated M&A resource and a cash reserve, where are the projects ??

if they are trying to be a wall flower waiting for another dance offer then they need to be making themselves more attractive for a suitor. Currently with little to no positive announcements for the last 12-18 months questions need to be asked - huge opportunity costs being lost here, and competitors constantly nibbling away at what they have left whilst PPS appears to being in stagnation.

My hypothesis is that they still remain a T/Over target but without a cogent strategy and ensuing results $1.50 is a long way off.

Business 101 - have a sound/logical/realistic plan, execute that plan, results will follow. Rinse and Repeat as the market evolves.