I have no doubt COVID-19 is causing big problems for PANs...

I have no doubt COVID-19 is causing big problems for PANs operations over the last month or so, but lets be honest, the company has been in trouble for over 6+ months, so for them to cut & paste COVID-19 as their reason for shutting down is largely dishonest.

It's PAN's company-specific Savannah mine activity and senior management departures and changes which has brought PAN to where it is now. There has been multiple alarm bells about this company, particularly since August 2019, when senior management departed. One piece of bad news always turns into a string of bad news.

PAN's chart has also been long-term bearish since June 2018. The decline accelerated once IGO withdrew their takeover bid in late 2019 (they dodged a bullet there).

Like most mining companies, you can't trust the word of management when they keep making new promises following more and more bad news.