Drswing we have been patient, then more patient and even more patient .... PCL have had over 12 months to analyse the 3D - I cannot see any reason not to share preliminary results and interpretation, with the usual 200 pages of disclaimers with the shareholders. In the talk about nothing 2 months ago he hinted at results but would say nothing - why? We get vague hints of its good, extra targets etc etc but nothing even slightly solid or official. The share price has halved simply because the BOD & CEO is too scared to say anything at all and update the shareholders. I don't think WDS is to blame but with no information, who knows.
Thankfully, the AGM is coming reasonably soon, and the BOD have got to start feeling a bit uncomfortable because they know they have a large number of very pissed of shareholders. It will NOT be a very comfortable AGM for Iain or BOD. It would be nice to see a resolution passed to freeze their salaries and benefits until an announcement is made or until they actually do something. So far it seems they have set their office up at the local golf course. A commitment to monthly updates or Q&A session would be very positive outcome.
PCL Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
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