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given the capex required to fund frieda i think it would be...

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reddragon

1,419 Posts.

25/02/15

18:48

Post #: 14818219
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Originally posted by Teringie ↑

I thinks it's about to turn, surely all of the bad news is out, only green fields ahead. Pna is a great company which has had some imparement costs due primarily to the current price of gold and copper. The assets still have value, just not at the minute.

Next few years will be very good and profitable. Not paying a dividend for the half was prudent. But should expect 6-7 cents again next year. Better than bank interest plus capital growth.

I liked the way the share price behaved in the last couple of hours today. The shorters tried hard to bully it down further, but it held up well, expect the rest of the week go be good. Don't want to see $1.16 broken.

Good to see one of the directors has good faith in the stock. Good buying at these prices.

Copper price also currently up. Want to see it break 2.63.

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given the capex required to fund frieda i think it would be illogical to expect a dividend

the question will be can frieda be funded without a massive equity issue

need copper to spike for that to happen

medium term outlook for copper looks great in my opinion unless china blows up then all bets are off

PNA Price at posting: $1.28 Sentiment: None Disclosure: Held
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