Without doubt Wassa, if Paul had done something similar PNR...

Without doubt Wassa, if Paul had done something similar PNR would have been in major trouble (instead of just trouble).

Cheers for that report @Banana1234 - without doubt, the report written 30 Oct 2023, was literally the bottom for PNR (things did indeed look grim), but... at a price target of $0.025... that was $130m for the entire company (including Halls).

To be fair, they did ponder many of the things that has already been discussed on HC (though indeed, the Lithium deal was a surprise for the broker)



In fairness, there was a high chance that PNR would have to further dilute holders (though I feel I went in with my eyes clearly open to this possibility and still viewed it as worth the risk, because of the quality of the assets). So far neither SLR or RMS have moved (no chance of SLR now with it's obsession with RED).



With so few options available for the mid tiers to increase their production, I am sticking to my guns.... PNR is a great (cheap) option at adding unhedged ounces.@Joelstar has pondered that RMS might look at EVNs Mungari asset, but.. at a $1b price tag, and a similar production profile, I just don't see a potential 100% premium on top of PNRs price tag (everything is for sale....).

Good luck to all holders.