To me this all looks like box ticking to give suitors confidence -halls Creek sale TICK - first nation's TICK - 100% ownership TICK - positive cash flow TICK
given the gold price and reduced overheads (halls Creek off books) , the next couple quarters should show some nice cash build up.
being cash flow positive will mean suitors can obtain bank funding (if required).
I'd say the recent shift back below 10c is definitely manipulation. Price pushed down so a low ball bid can be presented as a "premium"
well the takeover window is shrinking, as if we get enough cash to bring forward 200koz pa, then it's completely different numbers ( which I would like to hold out for)
time will tell...
merry Christmas, and cheers to an exciting 2025
PNR Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)