Don't worry, Market is waiting for the next shipment middle of this month which is just 2 weeks away or could be earlier. At this current PoN , It may even go higher mid February after Chinese New Year. As no Hedging, we could lock in to mid February Spot price. It will be a lot higher than the US$2 M/Kton of Concentrate price in December shipment. They will achieve 10Kt for the next shipment no problem as we have ore stockpiled. Once this is achieved and assurance of the 2nd Shipment in March, this will jump 30c. Just keep hanging on as we are a producer and every shipment is Revenue. Possitive Cash Flow this March Quarter on my Calculation by $A9-10M as per current PoN. DYOR
PAN Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held