It would be dishonest of me to say yes or no …. Only management know the plans … and then plans can change …opportunities can arise but I would believe m&a would be the furthest from PNR’s plan given they want to divest Hall’s Creek.
PNR have $44m cash and only $60m debt to be payable over 3 years from July.
This from the qtrly report showing the site was cashflow positive.
Then this from Half Year Report showing further improvements with the whole company cashflow positive … if I was not a prior holder I would of entered on either of those announcements based on the free cashflow.
My thoughts is there would be nothing to indicate a need for a CR based on the rising production and further increases in gold price and reduction in costs.
Just my opinion.
It would be dishonest of me to say yes or no …. Only management...
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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¢ | $1.139M | 13.72M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 407692 | 8.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.3¢ | 167220 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
8.2¢ |
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 ? | |||||
| PNR (ASX) Chart |