That's fair. I think you have summed it up very succinctly. They now have everything they could possibly need.... * cash for development/exploration * gold and known deposits and even existing declines * plant humming * new contractors that are proven
It's all about execution now.
PNR now has approx 6.45b shares. at $0.079 = $510m Even with the $20m of debt they cannot yet extinish, they will have cash of around $100m or, and E/V of around $430m... It was cheap last week, now it's just cheap with a lot of cash (yes more shares, but the upside more than caters for that, hence the demand for the raising I guess). Pretty sure all the insto's are looking at the performance rights the MD will get (the targets....) and thinking, if they are hit, this company will be valued at $1 billion AUD minimum. Perhaps even $1.5b when you look at CMM or BGL.
hopefully your little birds can glean more info about how development at Scotia is going in the coming weeks.
PNR Price at posting:
7.9¢ Sentiment: Hold Disclosure: Held
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