What a stellar year for PRL! We drilled a total of 845m at a cost of $34,463 per metre and will probably have to sell our assets now under unfavourable terms.
David Casey took home more than half a million dollars as CEO of a company with a market cap of less then 5m while the chairman dilutes our value even further by raising funds at 0.21 cents through Bridge Street partner which he is Executive Director....mmmm
Good bye Uruguay...
"If the Group cannot raise additional capital through the issue of additional shares, it may be forced to dispose of some or all of its interest in one or more of its assets. If the Group is required to dispose of assets in those circumstances to a third party, it is possible that such disposal will not be on favourable terms, including disposal price."
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Ann: Full Year Statutory Accounts, page-2
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