People are going to get a surprise when PNR reports its End of June Cash holding, my estimate is $181M. While BGL has had to dial back its expansion efforts given the capex spend and its terrible hedge book, PNR is debt free and will easily grow its cash pile while it increases its production profile to +200kzpa. Key assumptions for the JQ are 26koz production, A$5,000/oz net of hedging, cash received from Conv debt, higher opex from the addition of Open Pit, another increase in capex and reversal of WC movement. My model shows cash building to excess of $400M by the end of FY26, ie 13.5 months away.
People are going to get a surprise when PNR reports its End of...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$3.68 |
Change
-0.040(1.08%) |
Mkt cap ! $1.445B | |||
| Open | High | Low | Value | Volume |
| $3.70 | $3.75 | $3.62 | $4.705M | 1.278M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1458 | $3.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.70 | 5794 | 3 |
View Market Depth
| Last trade - 16.11pm 28/07/2025 (20 minute delay) ? |
| PNR (ASX) Chart |