PTN patronus resources limited

Another step forward, though PTN is still keeping a very tight...

  1. 12,531 Posts.
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    Another step forward, though PTN is still keeping a very tight reign on what their next move is.... as being able to mine the asset is great, except... you need somewhere to process it.....

    https://hotcopper.com.au/data/attachments/6584/6584619-6f3c0b70820fc95dad5ecab5a7700745.jpg

    I gather PTN has a plan, especially with the large amount of capital they have available. As it would see that stranded assets... can go for very low multiples... i.e. SPR just sold off a 500k stranded asset for just $1m in cash ($14 in shares and contingent payments) to a small cap explorer.

    https://hotcopper.com.au/data/attachments/6584/6584625-eda9a21b82bdf4553a23679d6a601c1b.jpg
    If PTN can achieve similar pricing for nearby assets and consolidate the region, then the production profile 'dial', could be altered dramatically to push PTN towards being a 100k+ producer (I assume that is the medium term plan).
 
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(20min delay)
Last
6.9¢
Change
0.003(4.55%)
Mkt cap ! $112.9M
Open High Low Value Volume
6.8¢ 7.0¢ 6.6¢ $366.4K 5.386M

Buyers (Bids)

No. Vol. Price($)
2 30417 6.7¢
 

Sellers (Offers)

Price($) Vol. No.
6.8¢ 100000 1
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Last trade - 15.58pm 16/06/2025 (20 minute delay) ?
PTN (ASX) Chart
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