– PanAust, a Laos-focussed copper and gold producer, is reportedly having its books checked over by two parties, possibly BHP Billiton and Equinox Minerals. PanAust traded under 10 cents in late 2008 and has quadrupled over the year to close at 41 cents on Friday. Despite no announcements since May 5, the stock had a volatile run over the last week, suggesting that the rumour has spread throughout the market, a source has told us. The company could be worth more, but has a $105 million facility from Goldman Sachs to refinance by the end of July.
source business spectator...
PNA Price at posting:
38.8¢ Sentiment: Hold Disclosure: Held
