Good post Speculator,
PNR is a classic example of a company with great assets overshadowed by problems of execution, financial restraints and delays … some make it and a few don’t … looks like the gold price will see that PNR makes it.
The shareprice continues to rise on no news … the stars are aligning for PNR and others in the gold space. Breaking 8c today was pretty exciting, doubling the sp in 6 weeks.
PNR has been my most rewarding investment this FY … from both, a financial and personal perspective … entered 6 months ago when sentiment was very low. After weeks of collating years of announcements, presentations and printing every photo of Scotia and Green Lantern I could find, then nights of calculating, estimating and thinking I entered with a much different view to most.
Over 6 months I have bought 17.5m shares and traded 15m of them … for a $157k profit ( 50% realised, 50% paper )
Possibly as the story matures PNR may become more active in the Investor Relations area … it’s always easier to promote a good story than a poor one.
My own short term priority is the divestment of Halls Creek, reduction of C&M costs and focus on early repayment of loan when that window opens in a few months.
Confident in RUC Mining to establish Scotia production on time, O2 improving and production rising.
Best of luck.
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Last
8.2¢ |
Change
-0.003(3.53%) |
Mkt cap ! $426.7M |
Open | High | Low | Value | Volume |
8.4¢ | 8.5¢ | 8.2¢ | $1.139M | 13.72M |
Buyers (Bids)
No. | Vol. | Price($) |
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6 | 407692 | 8.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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8.3¢ | 167220 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 193800 | 0.081 |
6 | 976650 | 0.080 |
2 | 433101 | 0.079 |
2 | 485000 | 0.078 |
1 | 132000 | 0.077 |
Price($) | Vol. | No. |
---|---|---|
0.083 | 167220 | 1 |
0.084 | 154056 | 2 |
0.085 | 823924 | 6 |
0.086 | 1220169 | 4 |
0.088 | 350000 | 2 |
Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
8.2¢ |
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Change
-0.003 ( 3.53 %) |
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Open | High | Low | Volume | ||
8.4¢ | 8.5¢ | 8.2¢ | 16637524 | ||
Last updated 15.59pm 03/05/2024 ? |
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