Seems many on HC are confident that David Casey can make the SP rocket from these unbelievable lows.
By resigning.
Sentiment is absolutely terrible.
We can probably all agree on two things:
1) PRL offers some great prospects at an unbelievably low buy in.
2) PRL has had an unbelievable string of bad luck over five years. So unbelievable that the vocal investors on HC are coming to the conclusion that David Casey is the kiss of death - unbelievably over-remunerated, unbelievably incompetent, unbelievably narcissistic.
It's likely, in the last few months, we have been through the maximum point of despair in PRL.
Why?
- Tessarillo in Spain is moving and will be driven by competent partners, not David Casey's team.
- Uruguay is financed and can get moving again, with PRL now as a minority holder, and control transferred to others.
In both cases, operationally, David Casey & Co is getting out off the way of the grown ups. That is good news for those who believe he is the problem.