SIRF has recently come out with two articles on Fraser Perring’s charlatanism [1,2]. (I have previously written about Perring’s Viceroy Research here and here.) While I am strongly of the opinion that Perring is a charlatan, I question the attacks on Perring’s history as a social worker. Many people who attack Perring point out that he was barred/banned from being a social worker. In my opinion, the Health and Care Professions Tribunal Service (that barred him from social work) and Lincolnshire County Council’s Children’s Services also deserve scrutiny. They may be just as dishonest as Fraser Perring.
Highlights from the production results:
- 2019 guidance lowered from 390-420k ounces to 340-350k. ¯\_(ツ)_/¯
- Mill capacity is excessive as throughput fell from 3562 tpd in Q2 to 3367 tpd in Q3 2019.
It’s incredible that this management team is still around. They have repeatedly misled investors and continue to destroy shareholder capital.
Nonetheless, despite all of the problems with Pretium’s management, the underlying deposit is probably one of the better mining assets out there.