PIR fallacy 1) The capital raising was for (new) directors and an opportunity for Azure Resource Fund (who introduced the new directors to PIR) to participate in the capital raising and was NOT offered to current shareholders or the general public 2) Alec Christoper Pismiris is a director of Azure Capital 3) The captial raising also came with 7.5 M 70 c options 4) there have been 2 substantial resource down grades - the latest consisted of removing RAB data from the resource model. Why was RAB data included in the original resource model and why was it not removed from the second resource model upgrade ? Is the ASX / ACC or whomever going to investigate the 'competent persons' responsbile for reporting accurate data under the JORC code ?
There are a number of very suss things about this company, this project and the directors that just don't smell right to me and I'm getting out of this ship that is sunking under the weight of it's own lies and lack lustre managment.
PIR Price at posting:
45.5¢ Sentiment: Sell Disclosure: Held
