PAN is worth 43c imho
But it might get bid at around 23c
Someone has been deliberately smashing the Ni restarting producers like MCR PAN POS lower for the last 9 months yet propping up IGO BHP FMG, wonder who?
PAN needs to break the 20c and retrace higher.
Remember PAN has 3 major holders
21% IGO
9% Zeta (dufus seller)
5$ AF
so 2 of 3 of these are bidding for Ni stocks and likely to bid for PAN also then imho.
If IGO let AF take MCR giving over its 7% to AF there then that means IGO could want PAN in exchange for a QUID PRO QUO.
This would sweep up all of WSA MCR PAN Noront into the hands of AF IGO leaving only one left to run.
Market realising PAN at $250M is way undervalued compared to WSA $1.1B & MCR $800M
If AF values MCR at $750M & IGO valued WSA at $1.1B then PAN must be worth =
43c ps but its 15.5c.
LOL.
20c -30c coming fast imho
PAN Price at posting:
15.5¢ Sentiment: Buy Disclosure: Not Held