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.
That's fair.I think you have summed it up very succinctly. They...
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Last
12.5¢ |
Change
0.005(4.17%) |
Mkt cap ! $806.7M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 13.0¢ | 12.0¢ | $1.340M | 10.73M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1119000 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 3955281 | 20 |
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| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| PNR (ASX) Chart |