I believe you are right and we will see more shares but hopefully not as many as we see in your calculation.
My hope is that they will wait with the raising for a couple of months and when the share price is at a higher level. Hopefully smelters will take some pressure of the amount of script that needs to be offered by helping out with some hard cash.
As I said before with the high metal prices staying with us PNA should be a winner.
So far so good and keep an eye on STU boring but coming up with the goods.
jojo
PNA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held