Someone needs to remind Iain and the rest of the PCL board of their duty of disclosure as Directors of a listed company.
There is clearly market sensitive information that they have a duty to make known.
Enough is enough. Trading Halt. And release a clear and concise summary of what exactly is transpiring with WDS, Namcor and the status of the 3D analysis. At the very least, there is market sensitive information from the analysis to date that needs to be divilged. You cannot hide behind the excuse of its taking longer and giving sweet FA by just indicating multiple potential leads.
Of specific importance is informing shareholders exactly what is occuring with WDS.....if they are seeking additional farm in partners to drill, if Namcor have concerns about WDS....whatever it is, these are all highly important to the company and need to be disclosed....particularly given the passage of time.
Time for some truth telling!!
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