What has got me interested as of late is the news surrounding Oxiana Resources and their aspirations and intention of listing in the US.
Of course PNA is a mere baby compared to the might of OXR, however they both hang out in the same region...Laos.
Any further exposure from OXR is not going to hurt PNA one little bit. We know that the exploration potential in Laos for PNA is excellent.
Mergers, acquisitions and takeovers is the goss' at present and there will obviously be activity in the sector over the coming several years.
Regardless of whether PNA is a target or not..the 'perception' might be that it indeed is.
OXR's success in Laos has certainly helped PNA.
All speculation on my part of course, but good old OXR will be flying the flag for the region in the US and that is something that PNA wont mind at all.
PNA Price at posting:
0.0¢ Sentiment: None Disclosure: Held