Good post Speculator,
PNR is a classic example of a company with great assets overshadowed by problems of execution, financial restraints and delays … some make it and a few don’t … looks like the gold price will see that PNR makes it.
The shareprice continues to rise on no news … the stars are aligning for PNR and others in the gold space. Breaking 8c today was pretty exciting, doubling the sp in 6 weeks.
PNR has been my most rewarding investment this FY … from both, a financial and personal perspective … entered 6 months ago when sentiment was very low. After weeks of collating years of announcements, presentations and printing every photo of Scotia and Green Lantern I could find, then nights of calculating, estimating and thinking I entered with a much different view to most.
Over 6 months I have bought 17.5m shares and traded 15m of them … for a $157k profit ( 50% realised, 50% paper )
Possibly as the story matures PNR may become more active in the Investor Relations area … it’s always easier to promote a good story than a poor one.
My own short term priority is the divestment of Halls Creek, reduction of C&M costs and focus on early repayment of loan when that window opens in a few months.
Confident in RUC Mining to establish Scotia production on time, O2 improving and production rising.
Best of luck.
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10.5¢ |
Change
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Mkt cap ! $677.6M |
Open | High | Low | Value | Volume |
10.5¢ | 11.0¢ | 10.3¢ | $266.8K | 2.533M |
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---|---|---|
3 | 112499 | 10.5¢ |
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Price($) | Vol. | No. |
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11.0¢ | 6093639 | 20 |
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No. | Vol. | Price($) |
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2 | 97499 | 0.105 |
21 | 3464390 | 0.100 |
2 | 60000 | 0.099 |
1 | 41000 | 0.098 |
1 | 50000 | 0.097 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 6056456 | 19 |
0.115 | 1440132 | 14 |
0.120 | 1773825 | 15 |
0.125 | 672259 | 8 |
0.130 | 738450 | 4 |
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