PNN General Discussion, page-638

I agree with you only partially. I felt the expansions have been in the right direction although at inopportune times. The extent of dilution is attributable to the existing market conditions. At the end of the day, we hold potential for good resource although cash position is weak. These days, even good results does not prompt a SP rerate. If this persists, most microcaps are destined to perish.

Your thought of $2M rating just reflects the market, although I will have to call it say greed or pessimistic. Most investors are driven to live on greed as most are loosing money altogether. This is like the inflation can only get worse, it will keep triggering even lower SP for most companies. Just my thought, hope we ride out this rough patch and stabilise. GLTAH