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Purchase price not so bad when most of the money is being spent...

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Dockie

568 Posts.

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25/08/20

21:11

Post #: 46812949
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Originally posted by Gwaihir: ↑

I have decided NOT to participate in this 24 cent capital raising, for many reasons.

Had it have been at 20 cents then I might have been inclined to participate, to a small degree.

My average price is currently 8 cents for the shares I hold.

Norseman does look prospective, though they paid a far to higher price for their 50% participation.

I hope they can hit some big drilling results, and then move to 80%+ ownership in time.

The problem here for the foreseeable future is going to be the price they paid to enter the JV, a price that 20 or so other gold companies balked at and declined. So PNR needs to now justify their participation.

This is not going to be an easy JV. The owners of the project are difficult to deal with.

However, good luck to PNR for taking it on, and thank goodness for the blossoming international spot gold price.

Gw

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Purchase price not so bad when most of the money is being spent on improving the value of what they bought.
In my opinion that is.

PNR Price at posting: 25.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 9.0¢		Change 0.007(8.43%)		Mkt cap ! $468.3M

Open	High	Low	Value	Volume
8.5¢	9.0¢	8.5¢	$890.5K	10.12M

Buyers (Bids)

No.	Vol.	Price($)
2	60000	8.9¢

Sellers (Offers)

Price($)	Vol.	No.
9.0¢	1114759	6

View Market Depth

No.	Vol.	Price($)
2	60000	0.089
2	179494	0.088
2	106087	0.087
1	11786	0.084
3	27783	0.082

Price($)	Vol.	No.
0.090	1114759	6
0.091	916703	7
0.092	2058840	9
0.094	2750	1
0.095	60810	5

Last trade - 16.10pm 07/05/2024 (20 minute delay)


Last 9.0¢			Change 0.007 ( 7.40 %)
Open	High		Low	Volume
8.5¢	9.0¢		8.4¢	4204055
Last updated 15.59pm 07/05/2024 ?

PNR (ASX) Chart

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