Ann: Successful A$100M Equity Raising, page-16

PNR needs to stop raising cash and start using the cash and assets they have to fund ongoing expenses. The mill is now
at capacity, grades are improving and labour shortages should be decreasing. With the price of gold at an all time high and likely to improve with Chinese retail buying, then get in with it.
Salaries of the top executives need to be trimmed if cost savings are to be found. The lithium deal with Mineral Resources was a significant boost, but they should be increasing their margins and thus profits. I have been and continue to be amazed at the decrease in SP with a rising gold price and a mill that seems to have great potential. Yes, I’m not an expert, but to be continually asking for funds seems to me to be poor management, after the last 4 years of promises.