WGO (ASX) Ann: Quarterly Report

Originally posted by mariolordz ↑

As a long term holder of PRL, but very rare poster on its forums (it appears for good reason), I just wanted to come out of my silence to note that a lot of you have seemingly very little patience regarding this company.

Some of the expectations you're placing on this company regarding delivering on drilling of a frontier exploration in an untested environment, in difficult conditions with paltry funding is pretty extreme.

My holding is very small, which I think goes some way to managing my own expectations, and reflects that this is a highly speculative investment.

But as I've said on posts relating to other small / micro caps that are 'up and comers', I really would rather management of these companies spent time focusing on getting sheet done, than worrying at all about what a bunch of HC posters amounting to likely less than 10% of the registry are doing in terms of shouting and making noise and running around like headless chickens.

I understand more than most that its been a long wait. And I'm sitting on a paper loss which I'm sure is the same for many of us. But I believe in the idea and the fundamental story of this exploration is largely unchanged if you think about it. I mean is the quality of what lies in well 2 really any different at all to when we received results from well 1? No. A lot of you need to desist in conflating the difficulties of the environment in which PRL operates, with the fundamentals of potential of the exploration.

Just my 2 cents.

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I believe management works for sh. You are paid for what you can deliver. This is a public company. One mishap after another should spell termination on the guy at the top. I still don’t understand why we are making excuses for mismanagement. This company has potential not because of DC. But after he took over it just went right downhill. Now at critical moment we are out of cash. Holy shit!!! Can anyone believe that. Just had CR 3 months ago. Is that incompetence or what? This is a laughing stock. Emotions aside these are all facts. Not negative comments.