Conversely, instead of throwing around "childish expletives" you could try counter debating the points of posts that you don't agree with, yes?
@Mitchell98 After a couple of good trading days, something slipped out? (leaking ship) because through company announcements, the only thing "currently" that is expected is an announcement that licences have been approved and drilling to commence when drills are mobilised at Kung Tut, although this was announced to start early Q2 2021, it is now halfway through the quarter! If the delay is attributed to the ongoing COVID crisis in Argentina this should have been indicated in the quarterly activity report? Scratch my head to the viability of the King Tut project as minimal information is available, was/is it a Cobalt or Gold mine and the report the company referenced in the prospectus (compiled by Sangar) is IMO hardly flattering and the pictures of the rugged terrain may explain why the drill rig they selected and why it will take 8 weeks to drill 6 holes x 150 metres.
a "Change in "Substantial Holdings" notice is very over due, this should have been released mid December when the substantial holding increased by 1% of SOI, as per the Corporations Act ...
Although, there has been some minimal spending on the M & A budget (as per the quarterlies) it is possible (according to odddocket) there is an "acquisition coming that will blow your mind" but without being able to substantiate his/her statement as the company has made no announcement other than they will seek acquisitions suitable to the company's portfolio and in the interest of shareholders.
@morganman It is the devil in the detail, or lack of
Is it the lack of foresight? too hard basket? just plain old director speak? carrots for the plebs to get excited about? or inexperienced management? With the current spot price of Iron Ore US$212 (A$274), it is somewhat puzzling that the company didn't progress their plan to try and increase the attraction to potential buyers (or a spin out ) of Hamersely via the small drill campaign only needing shareholder approval, as per the drilling announcement, it was "in the best interest of shareholders" but instead chose to further depreciate the project (IMO) with their response to the ASX aware letter, as well as reiterating their opinion of the project to be of NIL value in annual reports/prospectus/quarterlies thus being to the detriment of shareholder interests.
The conjecture surrounding some posters sentiment that was born from the precedent WFE to just being overhang of past management is understandable BUT there are some striking similarities between the old WFE and the "new" PF1 that IMO, warrants the sediment to linger. Both companies: (a) changed the board of directors (b)Initially had the Hamersley IO project as their core business. (c) in the best interest of shareholders, they searched for the next "new hot" commodity - WFE (Cobalt) PF1 (Gold) (d) acquired tenements/projects in foreign countries - not concerning to holders? that part of the acquired tenements has an expired exploration permit, IMO further doubting the value of this acquisition (include point (l) below) (e) as part of the acquisition handed the vendors a lot of shares (f) re-engaged the vendors in consulting/in house country expertise roles (AHIC/Condor) (g) have been met with foreign government agency delays of some description (h) have come under the scrutiny of the ASX (i) late or missing announcements (in PF1's case it is only minor at the moment, but is a breach of listing rules and the Corporations Act, re: above) (j) had/have a revolving door of very pro company posters making statements in their posts that cannot be substantiated that resort to either attacking the poster by either ignoring or engaging in any debate on differing opinions. (l) both instances, the company was "desperate" to find something of value to their shareholders, WFE (stumbled on Cobalt/processing plant) PF1 have picked up tenements that have sat idle for? with no drilling? although it is the well known mining area of, La Rioja Province in Argentina, and in both cases it was a case of having to, but also opportunistic riding on the wave of an in favour hot commodity.
Take it how you please, but it is IMO only, the director when initially purchasing shares on market was a catalyst to ignite interest in a fledging share price, because quite honestly there is currently absolutely nothing that the company has released in announcements that would incite me to invest in PF1. You may consider the "grab samples" from the initial on ground investigation or historical data from King Tut as enough to satisfy your investment thesis, but for mine it would be drill results and a management that show confidence in the company. I have little confidence in Condor Prospecting (researching them has been interesting to say the least), as an example, I suggest the shareholders of ASXSL (prior ticker ASX:HDY) would have a colourful description of them!
If you track the volume of trading over days subsequent to: - a "director change of interest notice", or - when a substantial holder, that randomly tries to post under the guise of being just a regular shareholder (who displays exceptional knowledge of the projects (or just a visionary ) and manages to drop cryptic information that hasn't been released to the ASX platform (perplexing and embarrassing?) - when the aforementioned pro company poster/s that are claiming to be line wiping ..... - when the aforementioned pro company poster/s claims "soon a catalyst will drive us up and quick" - when the aforementioned pro company poster/s suggests that an "acquisition or new asset is being reviewed" and an "acquisition coming will blow your mind"
) of Hamersely via the small drill campaign only needing shareholder approval, as per the drilling announcement, it was "in the best interest of shareholders" but instead chose to further depreciate the project (IMO) with their response to the ASX aware letter, as well as reiterating their opinion of the project to be of NIL value in annual reports/prospectus/quarterlies thus being to the detriment of shareholder interests.
SL (prior ticker ASX:HDY) would have a colourful description of them!
(20min delay)