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Ann: Diggers & Dealers Presentation - August 2023, page-11

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Hingdog

23,134 Posts.

1438

16/08/23

11:06

Post #: 69366229
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Originally posted by tomboy ↑

spot NP today is aud$14.22 lb
AISC figure is $9.07 lb

Thats a margin of 5.146 per lb
x 6ktpa = aud$30M pa FCF
PER= 3.90

MCR PER was 19.00
WSA PER was 39.00
ASX200 PER is av 20.40

PAN PER is 6-10 times lower than peer PER, so way undervalued.

Market has discounted to the CR price and not given any credit for ongoing profits or production targets at all, market expects more of the same misses and under performance.
Cant stay this low forever, SP should be way higher imho
was double this SP at 10.0c only 4 week ago regardless of the cheap CR this is bullish for PAN actually.

PAN has 34% of its shares with AFAF IGO Zeta who all got in at over 12c
PAN issued a new 25% of stock to new large holders, its tightly held alright

The capper continues to control PAN SP, must be IGO or AF holding PAN down despite good news.
Suitor must be keen down here imho.
Cant see any bid winning below 10.0c even at 13.0c

PAN will RUN imho.

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"PAN will RUN imho"

and a new low haha

PAN Price at posting: 4.8¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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