Ann: Half Yearly Report and Accounts, page-27

Cheers Wassa.
Makes sense now about the possible repayments.
Would really like to see them at least pay down $10m as soon as they hit the 12 month period (though to be fair, they are probably going to have to stay very focused on bedding down Scotia in the near term). So after June at least, likely a little later as I cannot remember when the loan first got drawn down.



Though above all, PNR got lucky by not being forced to hedge like poor CAI.
It really would have made things incredibly difficult for PNR.

Interesting to see the share price continue to creep up.
I had a quick look back at when the quarterly was released. Which saw the share price fall again to $0.04, yet... here we sit with the share price 31% higher.

I think the best part of your number crunching, is the potential saving via the reduced cutback/ore movement. Couple that a POG that is basically 10% higher and... we suddenly have a profitable miner (1/2 PNRs control, 1/2 nothing to do with them).

Barely any attention on HC regarding PNR, which I guess is fine, but if it does keep getting things right, I struggle to see why it cannot have a higher market cap than OBM as a starting hurdle... i.e $450-500m. Not many gold producers on the ASX look able to justify a doubling in their market cap.