Hey Dave, well done on exiting before the share price plunge.
My biggest concern (though... as above, in the right hands, it's an opportunity), is the high costs PNRs 'stellar' management are paying to actually mine.
The likes of OBM seem to run the exact same plant size, with open pit and U/G (though... I admit, their U/G has not fully ramped up) at about 20% below PNR. The 20% would have already enabled PNR to be generating free cash. I can only imagine the contractor for the open pits was making a killing while not even being able be fully staffed. Hopefully the new contractor is better in all ways.
trading volumes are still anemic, but as I posted on other threads, the whole sector is sick.
Ann: Investor Update Presentation, page-19
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Last
9.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $567.7M | |||
| Open | High | Low | Value | Volume |
| 9.0¢ | 9.1¢ | 9.0¢ | $223.8K | 2.488M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 18703 | 9.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.1¢ | 747022 | 4 |
View Market Depth
| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
9.1¢ |
Change
0.000 ( 0.22 %) |
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| Open | High | Low | Volume | ||
| 9.0¢ | 9.1¢ | 9.0¢ | 690605 | ||
| Last updated 15.59pm 05/06/2024 ? | |||||
| PNR (ASX) Chart |