PNA 0.00% $1.84 panaust limited

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  1. 152 Posts.
    Michael

    The need to roll over 80M early next year which is going to be tough, they have around 250M of debt.

    They have only produced for 1 full quater and based on those results they are losing money at any copper price under around $2.20 (It is currently hovering around 1.60 and on the way down)

    They have consistantly said they will produce copper at much lower prices (C1 Cash costs of 90c/lb) but are yet to do so.

    If I were you I would be waiting for the dust to settle and waiting to see what their production costs and outputs are in q4.

    If they arent a significant improvement on Q3 then they won't be operational for long.

    Cheers
 
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