PNR

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8.4¢ pantoro limited

Ann: Appointment of Chairman, page-27

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17/02/20

19:44

Post #: 42981941
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Originally posted by johndebruyn: ↑

The RIU Explorers Conference due to held 18 - 20 February 2020 has a total of 62 mining companies due to give a presentation. Most of these companies are gold stocks. Of all the listed 62 listed enterprises 6 are turning in a profit; one being PNR. Obviously a dive from 9 million profit to just under 900K last financial year for PNR is hard to reconcile. So many people have attended Pantoro's funeral paid their last respects and bailed. Maybe their sentiment will be correct but somehow I think not. Yes the current share price of .10 cents after 5 disappointing quarters is unbelievable low. So to a certain extent the duck analogy given in a previous post has some resonance as past and present investors become despondent.
So this quarter, to be announced April, will have to show a 15,000 oz production with a reasonable AISC if the phoenix is to start rising from the ashes. Norsement is a significant asset and if conducted correctly will be a game changer. If PNR need more finance they have the advantage to divest their PNG mine which from all reports is worth a substantial amount of money. PNR will be able to flog this asset due to the relatively high gold price and moreover Developers and Producers are absolutely desperate for new sites.
The word patience understandably annoys the hell out many people but when one does extensive digging at other Junior and Emerging gold miners their balance sheets present a mine field, as in very high risk. I would urge some people to do some research as some of the losses are eye watering.
So in summation in my humble opinion PNR share price is jaw dropping, but given their current assets this will be a turnaround story where the current price of .10 cents will, later in 2020 be an absolute bargain. The harsh fact is that stocks of any kind do get oversold.
As always DYOR.

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Great stuff.

PNR Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 8.4¢		Change -0.005(5.62%)		Mkt cap ! $542.1M

Open	High	Low	Value	Volume
8.6¢	8.7¢	8.4¢	$738.3K	8.682M

Buyers (Bids)

No.	Vol.	Price($)
6	1419157	8.4¢

Sellers (Offers)

Price($)	Vol.	No.
8.7¢	171123	2

View Market Depth

No.	Vol.	Price($)
5	1390280	0.084
14	3561981	0.083
11	449806	0.082
4	360058	0.081
18	516284	0.080

Price($)	Vol.	No.
0.087	100000	1
0.088	11000	1
0.089	446745	2
0.090	118409	2
0.091	311243	3

Last trade - 16.10pm 02/08/2024 (20 minute delay)

PNR (ASX) Chart

Ann: Appointment of Chairman, page-27

Westgold sets its sights on top five producer status through merger with Karora

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Venture to sniff out high-grade REE targets at Jupiter project, WA

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Cost blow-out for Rook I uranium project sees share plummet for NexGen

GreenX picks up prospective copper project in Germany

Is oil undervalued?

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Ann: Appointment of Chairman, page-27

Top Stories

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Venture to sniff out high-grade REE targets at Jupiter project, WA

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

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Cost blow-out for Rook I uranium project sees share plummet for NexGen

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Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News