Ann: September quarter activities and cash flow report, page-58

Wouldn't call that downramping. Merely a trader.

I like the look of PNN, things that turn me off:

- Talk of the poor quality of tenements (but I guess look @ agy who are making their sub-par tenements work, at least for now)
- The name sounds absolutely ridiculous to me, I know a stupid reason to not like a company.
- At the current rate, there is enough cash for one more quarter. This is irrelevant really though as if results are bad SP will tank regardless, if results are good a CR won't have much of an impact.


Positives:
- The MC is so low and one of the cheapest lithium plays on ASX (similar to RLC).
- Broad portfolio of potential projects


Will probably jump in tommorow, I think this should be valued at ~$30mc based on similar plays (e.g. LKE, ASN, Li3 etc.).