more good news ignored by the SHORTERS and market.
theyve discovered higher grades and larger ore body there.
Market doesnt care, as it wants to see current production performance and cost cutting underway.
If MCR is worth $760M then why is PAN only worth $125M when it has triple the JORC resources and a large MILL built and working unlike MCR?
Doesnt make any sense other than the capper AF or IGO are running it aground to make a cheap bid like they did to WSA MCR.
Problem for them is Zeta now has 15.5% and likely will keep increasing to 19.9% down here at these decade low SP and has a large blocking stake now.
No one answered by question, so ill answer it,
ZETA is accumulating cheap as they have averaged down substantially and expect a bid or rerate back sooner or later on good operational and drilling news as PAN balance sheet is very strong now & better than ever.
Market is wrong here controlled by the capper, PAN will RUN imho.
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