PNA 0.00% $1.84 panaust limited

Ann: June Half 2010 Results Announcement , page-8

  1. 5,227 Posts.
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    SKUL,

    NTA and share price relationship is a little loose. It normally implies the lowest a share can go.

    Share price is a function of growth and dividend and management and net present value.

    PNA, like OZL, have been range bound for about 6 months minimum now. I suspect that would continue until the companies show actual projects that will deliver long term growth.

    For PNA, it is spending the money on Phu Kham upgrade. (I think slide 7 of the pack is a little ambitious - Inca de Oro in production in 2013? - we all know how long projects take to get to commissioning).

    For OZL it is discovering another P Hill or buying Carapateena or buying SFR.

    Hope this helps

    HT1
 
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