ASX: DLS, Drillsearch (Its in the O&G but definitely a good case study)
This company in the past 5 years managed to change its board, strengthen its register, partner with the right people and execute the right decisions to get where it is right now. It was a lot of pain initially for their SH, but they undertook the right path. They also did a share consolidation because it many investors/funds/banks have restrictions in backing penny stocks.
I feel that PRR is in a similar transition process, just that now is only the beginning. However, the management can study from DLS how they transformed themselves into where they are today. It does take time and hardwork, but it pays off doing the right thing, and executing the painful decisions like canning CVAC for now.
At the very end, I believe all of us want the same thing. A new era for PRR and definitely to see some serious jump in the SP. Fingers crossed, that should be soon. Time would tell.
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