PNR 2.38% 8.2¢ pantoro limited

Ann: Half Yearly Report and Accounts, page-23

  1. 11,840 Posts.
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    Hey Wassa, not sure how to quite take my name change! biggrin.png

    Cheers for running the numbers. I guess at this stage, I would just be happy to see them hit 20k for March and 25k for June.
    Though there has to have been a good sized step change in production over Feb, even with the increased POG they have started receiving.
    Makes sense about Scotia being the main source, plus, with less stripping, even just using lower grade stockpiles will be semi profitable.

    I know I should not get hopeful, but.. I wonder if the new contractor can even make the green lantern ore viable to process again (as it cannot hurt to have a backup source of ore available, other than the soon to be 2 U/G mines).

    Anyway, I almost forgot to talk about it, but... I wonder if PNR have finally got a buyer for their Halls operation? If $3300 POG does not entice a buyer, I am not sure what will! As a extra small pile of cash will hopefully enable PNR to start paying down their ever growing debt facility (accruing interest like crazy).
 
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