PoN, page-30

The lizard king called it,

Buyers have retreated to sub 20's

17 is next support

My initial investment here, I was wrong, I thought making cashflow would protect from inflation but PAN is getting hammered just as bad as non-cashflow explorers

Disappointing outcome for the end of financial year but it could come good once market knows what cash rate is enough to control inflation and then able to properly evaluate companies and restore order to the market until then market is getting sold off based on the unknown, indiscriminately, producer or not.

I expect to see a pump early in the new financial year but don't think it will sustain, just my opinion ofcourse, no one actually knows.

I think there are a decent amount of people who sold with losses and offset gains waiting to enter again in July but ultimately the trend reverse market wide needs a macro economy shift e.g FED and RBA not increasing interest rates due to inflation peaked and lowering.

I read a great article last night summarising every recession ever recorded, each were resolved ofcourse some longer than others but it required a significant change which cause a change in sentiment and end of financial year selling is'nt the catalyst this needs to change course.

Nickel is solid, Pan is well positioned, Victor is a gun and it's just a matter of waiting until the inflation unknown is answered IMO until then 22 is just a hangover year for investors who partied hard 2020-21