river fish kill announcement..., page-6

Hi Folks

Bit like a see saw at the moment. The 21.5 cent offer is obviously the reason.
Seems if its not one thing hampering the share price its another.
2005 has been a year of disappointment and delays. With no news its nowhere....even 2 weeks off the feasibility results.

Someone mentioned an analogy of a slingshot here....at the moment its more like a boomerang! ;)

40 cents seems some way off to me. However, maybe this will bounce strongly once the copper gold project gets the go ahead and the gold pour gets to a point where the market is confident it actually functions soundly....

Many will ditch their 21.5 cent shares for a quick profit...if they can. Good on them. The big news should swallow those up. Not straight away perhaps, but if anywhere near true value or there a bouts is applied to PNA then the sub 25 centers will be taken out.

My conservative estimation is that come the dry season the share price will be nearing 30 cents.

The reports/newsletters that I thought would be forthcoming these last several months havent been in evidence....waiting I would have thought.
I still think this will change in the not too distant future.
Its a great story of Junior explorer goes producer and gets itself to a point of becoming a mid tier producer with excellent exploration tenements in Laos and Thailand. A potentially great growth story.
Its no OXR, but that doesnt mean it can't become a company of substance and value....and that includes takeover potential.
I still recall a Shares Magazine article on OXR at around 20 cents several years back. The story was fantastic. The shares retreated to 7 cents. Laos was the bomb riddled resource rich region some of the bigger players opted out of. (Rio and Newmont)
Wouldnt be surprised if Shares Mag cover PNA soon.

Many think PNA is too over priced, not to mention in its infancy, to be taken over. The aggressive exploration profile in a rich resource region may change that.