IF the results are positive and PNN proceeds with the option to acquire Santa Anna, I'm expecting an SP jump to 9c at least. It could be higher if the results are very good.
Why 9c? The next milestone payment is $500k cash and $1M worth of shares to be issued at 9c. That should set a floor for the SP? The result could push it higher if it's very good?
PNN may need more cash about now though? They had $1.6M post Q1 not including sales from divestments or settlements.
Ann: PNN Completes Drilling Program at Santa Anna Project, page-4
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Last
6.4¢ |
Change
-0.002(3.03%) |
Mkt cap ! $9.239M | |||
| Open | High | Low | Value | Volume |
| 6.4¢ | 6.5¢ | 6.3¢ | $48.93K | 768.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1080765 | 6.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.5¢ | 118572 | 1 |
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| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| PNN (ASX) Chart |