share price

I understand iron ore prices have declined by more than 30% lately. Hence why FMG/RIO/BHP etc have been hit hard. But nickel prices have held up very well. In fact they are up about 4% over the past month. Over the past week we've only seen falls of about 2%. Moreover the price of the Australian dollar has depreciated by about 4% over the last week or so, which is very positive news for PAN.

PAN's balance sheet looks great and it is sitting on a huge pile of cash.

From a fundamental point of view, there is no reason why PAN should be falling so hard over the last week.

Yesterday's announcement by PAN that it may no longer be part of the ASX200 is nothing new or unexpected, after all, PAN's market cap has fallen dramatically over the past year. But this fact alone should not determine how valuable PAN is as a company.

From my own research, it is clear to me that PAN has been hit way too hard by the recent sell down in commodity stocks.

Would like to hear other people's thoughts.