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 $1.5b when you look at CMM or BGL.
hopefully your little birds can glean more info about how development at Scotia is going in the coming weeks.
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Open | High | Low | Value | Volume |
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12 | 1179826 | 0.115 |
20 | 1630256 | 0.110 |
16 | 1647224 | 0.105 |
18 | 1201247 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 74285 | 1 |
0.130 | 7717930 | 35 |
0.135 | 2805070 | 10 |
0.140 | 976099 | 16 |
0.145 | 1592119 | 8 |
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