SSI distinctly remember a poster ranting at me that PEN had...

SS

I distinctly remember a poster ranting at me that PEN had nothing to worry about from greenies . . . . because the company had told him they had it "in the bag" so to speak.


Pam Viviano is the least of your worries, that JORC upgrade should be ringing a few bells. I won't go over it again, I think I have made my views clear in previous recent posts.

I think by the end of July, you may see a double bottom in the share price ie - 2.5 to 3.0 cents. This is based on a very large dilution of 400 000 000 new shares, disenchantment with timelines, and further difficulty in converting Inferred resources to Measured and Indicated.

In the meantime further drilling at Karoo, and high salaries for the management are going to deplete cash reserves. If Karoo can't get better mineralisation depths than the most recent drilling . . . . it may suffer the same JORC problems as Lance.

SwissB